Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.2.2
Acquisition (Tables)
9 Months Ended
Sep. 30, 2022
Acquisition  
Schedule of fair value of consideration transferred

Common

Price per

       

Shares

       

Share (a)

       

Amount

Contingent Consideration at Fair Value

 

$

1,007,556

Cash Consideration

 

  

 

 

97,066

Kiora Common Stock

 

844

$

80.40

 

67,934

Total Fair Value of Consideration

 

  

 

1,172,556

(a) Average closing price of the Company’s common stock for five trading days immediately preceding October 21, 2021.
Summary of purchase price allocation and estimated fair value

Current Assets

    

$

5,290

Intangible Assets

 

1,063,000

Goodwill

 

406,599

Accounts Payable

 

(36,525)

Deferred Tax Liability

 

(265,808)

Total Fair Value of Asset and Liabilities Purchased

$

1,172,556