Registration statement for securities of certain foreign private issuers

BUSINESS COMBINATIONS (Tables)

v3.22.2.2
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Disclosure of detailed information about business combination [line items]    
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities

    

Amount

Cash and cash equivalents

 

1,376,396

Accounts receivable, net

 

196,434

Due from related parties

 

3,171

Inventories

 

157,927

Prepaid expenses and other current assets

 

613,164

Property and equipment, net

 

6,865,544

Operating lease right-of-use asset

 

1,740,083

Other intangible assets

 

67,849

Goodwill

 

1,209,953

Total acquired assets

 

12,230,521

Less: Acquired liabilities Accounts payable

 

56,490

Accrued expenses and other current liabilities

 

1,013,665

Deferred revenue

 

564,215

Operating lease liabilities – current portion

 

519,740

Deferred tax liability

 

607,270

Operating lease liabilities – non-current portion

 

1,311,110

Loans payable – non-current portion

 

1,000,000

Convertible debt obligations

 

1,220,450

Total acquired liabilities

 

6,292,940

Net assets

$

5,937,581

Net assets acquired – 97.8% controlling interest

$

5,806,954

 
Entrepreneurs Institute    
Disclosure of detailed information about business combination [line items]    
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities  

    

Amount

Cash & equivalents

 

$

159,000

Accounts receivable

 

984,000

Advances to affiliates

 

830,000

Prepaid expenses

 

468,000

Other assets

 

9,000

Total acquired assets

 

2,450,000

Less: Acquired liabilities Accounts payable

 

(566,000)

Accrued expenses

 

(58,000)

Deferred revenue

 

(2,224,000)

Net assets acquired

$

(398,000)

Matla Game Lodge    
Disclosure of detailed information about business combination [line items]    
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities  

    

Amount

Cash & equivalents

$

14,759

Buildings

 

975,008

Right of use asset

 

166,925

Other property and equipment

 

290,865

Other assets

 

9,888

Total acquired assets

 

1,457,445

Less: Acquired liabilities Accounts payable

 

(8,499)

Lease liability

 

(166,925)

Deferred tax liability

 

(218,402)

Other liabilities

 

(2,824)

Net assets acquired

$

1,060,795

Entrepreneur Resorts Limited [Member]    
Disclosure of detailed information about business combination [line items]    
Schedule of the allocation of the purchase consideration to the fair value of the assets and liabilities  

    

Amount

Cash and cash equivalents

 

1,376,396

Accounts receivable, net

 

196,434

Due from related parties

 

3,171

Inventories

 

157,927

Prepaid expenses and other current assets

 

613,164

Property and equipment, net

 

6,865,544

Operating lease right-of-use asset

 

1,740,083

Other intangible assets

 

67,849

Goodwill

 

1,209,953

Total acquired assets

 

12,230,521

Less: Acquired liabilities Accounts payable

 

56,490

Accrued expenses and other current liabilities

 

1,013,665

Deferred revenue

 

564,215

Operating lease liabilities – current portion

 

519,740

Deferred tax liability

 

607,270

Operating lease liabilities – non-current portion

 

1,311,110

Loans payable – non-current portion

 

1,000,000

Convertible debt obligations

 

1,220,450

Total acquired liabilities

 

6,292,940

Net assets

$

5,937,581

Net assets acquired – 97.8% controlling interest

$

5,806,954