v3.26.1
NOTE 3: ASSET ACQUISITIONS: Schedule of Business Acquisitions by Acquisition, Contingent Consideration (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Business Acquisitions by Acquisition, Contingent Consideration

 

Cash (due to seller)

 

$1,000,000 

Common stock

 

8,000,000 

Contingent consideration

 

208,000 

Purchase price consideration

 

$9,208,000 

J Street Capital Partners, LLC  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration

 

Common stock (150,000 shares @ $2.90 per share)

$435,000 

Purchase price consideration

$435,000 

 

The purchase price was allocated to the identifiable assets acquired based on their relative fair values as follows:

 

Inventories

$413,250 

Trademarks and Licenses

21,750 

Purchase price consideration

$435,000 

Prestige Wordwide Wine Company, LLC  
Schedule of Business Acquisitions by Acquisition, Contingent Consideration

 

Common stock (150,000 shares @ $2.15 per share)

$322,500 

Purchase price consideration

$322,500 

 

The purchase price was allocated to the identifiable assets acquired based on their relative fair values as follows:

 

Intangible assets (customer relationships and brand)

$322,500 

Purchase price consideration

$322,500