| Purchase Price Allocation |
| |
|
Allocated
Fair Value |
|
| Cash |
|
$ |
283,199 |
|
| Accounts Receivable |
|
|
89,398 |
|
| Prepaid Expenses
and Other Assets |
|
|
145,574 |
|
| Property and equipment,
net |
|
|
75,385 |
|
| Identifiable
artistic-related intangible assets (a) |
|
|
1,740,000 |
|
| Total
assets acquired |
|
|
2,333,556 |
|
| |
|
|
|
|
| Accounts Payable |
|
|
(404,757 |
) |
| Accrued Expenses |
|
|
(450,000 |
) |
| Short Term Debt -
Related Party |
|
|
(516,966 |
) |
| Disputed
Trade Payable |
|
|
(925,000 |
) |
| Total liabilities
assumed |
|
|
(2,296,723 |
) |
| |
|
|
|
|
| Net assets acquired |
|
|
36,833 |
|
| |
|
|
|
|
| Consideration
(b) |
|
|
10,402,638 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
10,365,805 |
|
|
| |
|
Allocated
Fair Value |
|
| Cash |
|
$ |
283,199 |
|
| Accounts Receivable |
|
|
89,398 |
|
| Prepaid Expenses and Other Assets |
|
|
145,574 |
|
| Property and equipment, net |
|
|
75,385 |
|
| Identifiable artistic-related intangible
assets (a) |
|
|
1,740,000 |
|
| Total assets acquired |
|
|
2,333,556 |
|
| |
|
|
|
|
| Accounts Payable |
|
|
(404,757 |
) |
| Accrued Expenses |
|
|
(450,000 |
) |
| Short Term Debt - Related Party |
|
|
(516,966 |
) |
| Disputed Trade Payable |
|
|
(925,000 |
) |
| Total liabilities assumed |
|
|
(2,296,723 |
) |
| |
|
|
|
|
| Net assets acquired |
|
|
36,833 |
|
| |
|
|
|
|
| Consideration (b) |
|
|
10,402,638 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
10,365,805 |
|
|