Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.19.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2019
Business Combinations [Abstract]  
Schedule of Allocation of Consideration Transferred

The preliminary allocation of the consideration transferred is as follows:

 

Cash   $ 2,500,000  
Total purchase price   $ 2,500,000  
         
Accounts receivable   $ 572,264  
Cash     43,394  
Inventory     571,699  
Customer relationships     250,000  
Cylinders and trucks     182,549  
Accounts payable assumed     (652,578 )
Total purchase price allocation   $ 967,327  
         
Goodwill   $ 1,532,673  

 

The preliminary allocation of the consideration transferred is as follows:

 

Cash   $ 1,500,000  
Total purchase price   $ 1,500,000  
         
Accounts receivable   $ 13,902  
Cash     25,931  
Cylinders and trucks     336,081  
Accounts payable assumed     (40,911 )
Total purchase price allocation   $ 335,004  
         
Goodwill   $ 1,164,996  

 

The allocation of the consideration transferred is as follows:

 

Cash   $ 2,500,000  
Total purchase price   $ 2,500,000  
         
Accounts receivable   $ 455,705  
Customer relationships     250,000  
Cylinders and trucks     377,655  
Accounts payable assumed     (316,333 )
Total purchase price allocation   $ 767,027  
         
Goodwill   $ 1,732,973  

 

The allocation of the consideration transferred is as follows:

 

Stock Issued   $ 1,275,000  
Total purchase price   $ 1,275,000  
         
Developed technology   $ 1,275,000  
Total purchase price allocation   $ 1,275,000  
         
Goodwill   $ -  
Schedule of Proforma Information of Operations

The proforma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods.

 

    For the three months ended
June 30,
    For the six months ended
June 30,
 
    2019     2018     2019     2018  
Revenues     5,803,945       5,656,244       11,279,238       11,245,774  
Gross Profit     2,649,752       2,531,265       5,208,232       4,635,668  
Operating Loss     (4,871,623 )     (3,485,788 )     (13,944,138 )     (7,023,886 )
Net Loss     (4,811,602 )     (3,413,974 )     (13,863,590 )     (7,213,808 )
Weighted Average Common Stock Outstanding     27,912,957       798,608       21,742,677       559,400  
Loss per Common Share – Basic and Diluted     (0.17 )     (4.27 )     (0.64 )     (12.90 )