Annual report pursuant to Section 13 and 15(d)

5. BUSINESS COMBINATION (Tables)

v3.20.4
5. BUSINESS COMBINATION (Tables)
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Purchase price consideration
    Amount  
       
Cash consideration at closing   $ 1,515,000  
Equity consideration at closing     1,000,000  
Fair value of Earn-Out shares     254,000  
Total   $ 2,769,000  
Assets acquired and liabilities assumed
    Amount  
       
Accounts receivable   $ 15,000  
Intangible assets - trade name     189,000  
Goodwill     2,565,000  
Total purchase price   $ 2,769,000