Quarterly report pursuant to Section 13 or 15(d)

5. Acquisitions (Details - Purchase allocation)

v3.19.1
5. Acquisitions (Details - Purchase allocation) - ApplianceSmart Inc [Member]
Dec. 30, 2017
USD ($)
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
Trade receivables 1,805,545
Inventory 7,444,282
Prepaid expenses 69,347
Refundable deposits 1,003,841
Restricted cash 750,000
Property and equipment 1,094,503
Deferred income tax (1,599,560)
Bargain gain on acquisition (7,293,756)
Purchase price 6,500,000
Intangible - Customer List [Member]  
Intangibles 5,202
Intangible - Trade Names [Member]  
Intangibles 2,015,000
Intangible Leases [Member]  
Intangibles $ 1,205,596