Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

BUSINESS COMBINATIONS (Tables)

v3.25.1
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Dec. 31, 2024
IfrsStatementLineItems [Line Items]  
SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The useful life of intangible assets has been assessed as follows:

 

Category   Useful Life
Customer relationships   5 years
Customer list   5 years
Film Library   8.5 years
Trade names, trademarks, domain names, and licenses   Indefinite
Revealed films [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

 

   

As of

December 31, 2022

     Change    

As of

December 31, 2023

  
Purchase price                        
Value of shares   $ 7,000,000       (4,043,920 )     2,956,080  
Cash     1,000,000       -       1,000,000  
Deferred payment     2,000,000       (100,000 )     1,900,000  
Top-up share options     10,380,397       (3,680,397 )     6,700,000  
Claw back clause     -       (1,300,000 )     (1,300,000 )
Total purchase price     20,380,397       (9,124,317 )     11,256,080  
Less: acquired cash     (145,532 )     (468 )     (146,000 )
Purchase price, net of acquired cash     20,234,865       (9,124,785 )     11,110,080  
Accounts receivable     (152,920 )     (80 )     (153,000 )
Prepaid expenses and other current assets     (745,521 )     521       (745,000 )
Goodwill     (1,008,694 )     1,008,694       -  
Intangible assets     (8,884,000 )     (876,000 )     (9,760,000 )
Accounts payable, accrued expenses and other liabilities     1,660,727       (958,727 )     702,000  
Deferred tax liability     2,202,088       (2,202,088 )     -  
                         
Goodwill   $ 13,306,545       (12,152,465 )     1,154,080  
SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The acquired intangible assets are as follows

 

   

As of

December 31, 2022

     Change    

As of

December 31, 2023

  
Trademarks   $ -       700,000     $ 700,000  
Film Library     -       4,600,000       4,600,000  
Customer List     -       4,200,000       4,200,000  
Customer Relationship     8,884,000       (8,624,000 )     260,000  
                         
Total   $ 8,884,000       (876,000 )   $ 9,760,000