Annual report pursuant to Section 13 and 15(d)

Organization and Acquisitions, Business Plan, and Liquidity (Tables)

v3.21.1
Organization and Acquisitions, Business Plan, and Liquidity (Tables)
12 Months Ended
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Acquisition of Impact Engineering

The Company accounted for the initial acquisition of Impact as follows:

 

Purchase Price   $ 1,000,000  
         
Allocation of Purchase Price:        
Cash   $ 49,742  
Accounts receivable, net   $ 93,811  
Goodwill   $ 902,067  
Accrued expenses   $ 45,620  
Schedule of Business Acquisition Proforma Information

The following table summarizes the supplemental information on an unaudited pro forma basis, as if the acquisition had been consummated as of January 1, 2019:

 

    2019  
Revenue   $ 24,477,011  
Net loss     (8,268,920 )