Annual report pursuant to Section 13 and 15(d)

Acquisition of ChizComm Entities (Tables)

v3.22.1
Acquisition of ChizComm Entities (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Total purchase price consideration paid
       
    Amount  
Cash consideration at closing   $ 8,500  
Equity consideration at closing     3,527  
Fair value of Earn-Out shares     7,210  
Total   $ 19,237  
Assets acquired and liabilities assumed
       
Cash   $ 711  
Accounts Receivable     6,151  
Prepaid Expenses     56  
Lease Deposits     12  
Fixed Assets     148  
Trade Name     3,430  
Customer Relationships     6,140  
Non-Compete Agreements     60  
Goodwill     9,607  
Accounts Payable and Accrued Expenses     (7,006 )
Payroll Tax Liability     (72 )
         
Total Consideration   $ 19,237  
Supplemental pro forma information
               
    Year Ended December 31,  
    2021     2020  
Total Revenues   $ 9,225     $ 9,464  
                 
Net Loss     (126,918 )     (400,477 )
                 
Net Loss per Common Share (Basic and Diluted)   $ (0.43 )   $ (2.81 )
                 
Weighted Average Shares Outstanding (Basic and Diluted)     297,513,373       142,452,393