ACQUISITION OF MOTHER EARTH'S STOREHOUSE, INC. (Tables)

9 Months Ended

Sep. 30, 2022

ACQUISITION OF MOTHER EARTH'S STOREHOUSE, INC. [Abstract]

Purchase Price Allocation for Mother Earth's Storehouse, Inc.

The purchase price allocation is final as of September 30, 2022. The following table summarizes the purchase price allocation based on fair values of the net assets acquired at the acquisition date:

Purchase Consideration
Cash Consideration paid	$	5,150,000

Purchase price allocation
Inventory		805,000
Property and equipment		1,278,000
Intangible assets		1,609,000
Right of use asset - operating lease		1,797,667
Other liabilities		(283,000	)
Operating lease liability		(1,797,667	)
Goodwill		1,741,000
Net assets acquired	$	5,150,000

Finite-lived intangible assets
Trade Names/Trademarks	$	513,000
Customer Relationships		683,000
Non-Compete Agreement		413,000
Total intangible assets	$	1,609,000

Supplemental Pro Forma Information

The following unaudited pro forma summary presents consolidated information of the Company, including Mother Earth's Storehouse, as if the business combination had occurred on January 1, 2021, the earliest period presented herein:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2022			2021			2022			2021
Sales	$	5,776,730		$	6,842,549		$	18,380,486		$	20,840,277
Net (loss)		(2,074,985	)		(665,288	)		(4,581,680	)		(412,696	)