Quarterly report pursuant to Section 13 or 15(d)

5. Acquisition (Tables)

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5. Acquisition (Tables)
3 Months Ended
Dec. 31, 2018
VSAH [Member]  
Schedule of acquired assets and liabilities
Cash and cash equivalents   $ 272,590  
Trade and other receivables     177,338  
Inventory     18,711,192  
Prepaid expenses and other current assets     814,201  
Property and equipment     4,859,676  
Intangible - leases     1,033,412  
Intangible - trade names     1,200,000  
Intangible - customer list     50,000  
Intangible - customer relationship     1,000,000  
Goodwill     36,946,735  
Notes payable     (542,074 )
Accounts payable     (5,165,612 )
Accrued expenses     (1,703,760 )
    $ 57,653,698  
ApplianceSmart Inc [Member]  
Schedule of acquired assets and liabilities
Trade receivables   $ 1,805,545  
Inventory     7,444,282  
Prepaid expenses     69,347  
Refundable deposits     1,003,841  
Intangible asset - trade names     2,015,000  
Intangible asset - customer list     5,202  
Intangible asset - leases     1,205,596  
Restricted cash     750,000  
Property and equipment     1,094,503  
Deferred income tax     (1,599,560 )
Bargain gain on acquisition     (7,293,756 )
    $ 6,500,000  
Pro forma table related to acquisition
    Proforma     Actual  
    Three Months     Unaudited  
    Ended     Results - One Day  
    December 31, 2017     December 31, 2017  
Net revenue   $ 11,320,975     $ 68,674  
Gross profit     1,112,073       19,200  
Operating income     (2,504,976 )     19,655  
Net income (loss)     (2,089,772 )     19,655  
Earnings (loss) per basic common share   $ (1.06 )   $ 0.01  
ASH [Member]  
Schedule of acquired assets and liabilities
Accounts payable   $ 1,374,647  
Accrued expenses     1,080,255  
Capital leases     29,631  
Credit card receivables     (255,301 )
Cash     (621,863 )
Total net liabilities assumed by ASH   $ 1,607,369