Initial general form for registration of a class of securities pursuant to Section 12(g)

Acquisition (Tables)

v3.22.2.2
Acquisition (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]    
Schedule of Purchase Price

A summary of that purchase price is as follows:

 

Fair Value of Preferred Series A Stock   $ 100  
Fair Value of Preferred Series B Stock   $ 9,086,396  
Fair Value of Preferred Series C Stock   $ 122,000  
Other   $ (12,804 )
Total   $ 9,195,692  

A summary of that purchase price is a s follows:

 

Fair Value of Preferred Series A Stock   $ 100  
Fair Value of Preferred Series B Stock   $ 9,086,396  
Fair Value of Preferred Series C Stock   $ 122,000  
Other   $ (12,804 )
Total   $ 9,195,692  
Summary of Statement of Operations Acquisition  

The following is an unaudited summary Statement of Operations as if the acquisition of the Group had taken place on July 1, 2020:

  

    Years Ended  
    December 31,     December 31,  
    2021     2020  
Net revenues   $ 468,883     $ 528,624  
Operating expenses:                
Direct costs of revenue     205,649       5,536  
General and administrative expenses     1,755,455       1,061,155  
Depreciation     1,185       2,168  
Total operating expenses     1,962,289       1,068,859  
                 
Loss from operations     (1,493,406 )     (540,235 )
Other (expense) income     139,795       (84,129 )
Loss before income taxes     (1,353,611 )     (624,364 )
Provision for income taxes     -       -  
Net loss   $ (1,353,611 )   $ (624,364 )