Asset Purchase Agreement - Schedule of Merger Transaction Investment (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2019 |
Dec. 31, 2018 |
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Purchase Price: Convertible note | $ 4,000,000 | |
ECS Business [Member] | ||
Purchase Price: Convertible note | 4,000,000 | |
Purchase Price: Common stock | 1,000,000 | |
Total purchase price | 5,000,000 | |
Allocation of purchase price: Cash | 210,348 | |
Allocation of purchase price: Equipment | 63,289 | |
Allocation of purchase price: Intangibles | 4,903,876 | |
Allocation of purchase price: Accounts payable and accrued expenses | (177,513) | |
Total allocation of purchase price | $ 5,000,000 |
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- Definition Debt acquired in asset purchase. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment, acquired at the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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