Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.2
Acquisition (Tables)
3 Months Ended
Mar. 31, 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

 

33,798

$

2.01

 

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