Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

6. ACQUISITIONS: Acquisition of PV, Schedule of Consideration and net identifiable assets acquired (Tables)

v3.21.2
6. ACQUISITIONS: Acquisition of PV, Schedule of Consideration and net identifiable assets acquired (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Acquisition of PV, Schedule of Consideration and net identifiable assets acquired

 

Consideration paid:

 

 

Cash paid on closing

$

9,222,500

Present value of cash payable 120 days after closing

 

16,655,835

Cash to be paid in one year

 

19,511,124

Convertible promissory note

 

17,219,398

 

$

62,608,857

Net identifiable assets acquired:

 

 

Cash and cash equivalents

$

1,745,431

Accounts receivable

 

4,188,780

Prepaid expenses

 

400,520

Inventory

 

3,184,355

Property, plant and equipment

 

319,876

Right-of-use

 

475,396

Licenses

 

29,907,250

Brand

 

33,991,500

Goodwill

 

281,172

Accounts payable

 

(2,416,543)

Lease liability

 

(475,122)

Loan

 

(30,628)

Deferred tax liability

 

(8,963,130)

 

$

62,608,857