Registration statement for securities of certain foreign private issuers

BUSINESS COMBINATIONS - Book value of the assets and liabilities (Details)

v3.22.2.2
BUSINESS COMBINATIONS - Book value of the assets and liabilities (Details)
£ in Millions
Dec. 31, 2020
USD ($)
Nov. 30, 2020
USD ($)
Nov. 30, 2020
GBP (£)
Jul. 17, 2020
USD ($)
Aug. 30, 2019
USD ($)
BUSINESS COMBINATIONS          
Purchase consideration   $ 4,700,000 £ 3.6    
Entrepreneur Resorts          
BUSINESS COMBINATIONS          
Voting interest acquired (in percent) 97.80%     97.80%  
Purchase consideration $ 30,997,810     $ 30,997,810  
Consideration made up of shares 30,997,810     30,997,810  
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition          
Cash and cash equivalents 1,376,396     1,376,396  
Accounts receivable, net 196,434     196,434  
Due from related parties 3,171     3,171  
Inventories 157,927     157,927  
Prepaid expenses and other current assets 613,164     613,164  
Property and equipment, net 6,865,544     6,865,544  
Operating lease right-of-use asset 1,740,083     1,740,083  
Other intangible assets 67,849     67,849  
Goodwill 1,209,953     1,209,953  
Total acquired assets 12,230,521     12,230,521  
Less: Acquired liabilities          
Less: Acquired liabilities Accounts payable (56,490)     (56,490)  
Accrued expenses and other current liabilities 1,013,665     1,013,665  
Deferred revenue 564,215     564,215  
Operating lease liabilities - current portion 519,740     519,740  
Deferred tax liability (607,270)     (607,270)  
Operating lease liabilities - non-current portion 1,311,110     1,311,110  
Loans payable - non-current portion 1,000,000     1,000,000  
Convertible debt obligations 1,220,450     1,220,450  
Total acquired liabilities 6,292,940     6,292,940  
Net assets 5,937,581     5,937,581  
Net assets acquired - 97.8% controlling interest $ 5,806,954     $ 5,806,954  
Entrepreneurs Institute          
BUSINESS COMBINATIONS          
Voting interest acquired (in percent)         100.00%
Purchase consideration         $ 8,000,000
Consideration made up of shares         6,400,000
Summary of the allocation of the purchase consideration to the fair value of the assets and liabilities associated with Entrepreneur Resorts at acquisition          
Cash and cash equivalents         159,000
Accounts receivable, net         984,000
Due from related parties         830,000
Prepaid expenses and other current assets         468,000
Other intangible assets         9,000
Total acquired assets         2,450,000
Less: Acquired liabilities          
Less: Acquired liabilities Accounts payable         (566,000)
Accrued expenses and other current liabilities         (58,000)
Deferred revenue         (2,224,000)
Net assets acquired - 97.8% controlling interest         $ (398,000)