Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.23.2
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2022
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
Trade names, trademarks, domain names, and licenses   Indefinite
Education angels [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

    Amount  
Purchase Price    

Value of shares

  $ 1,918,700  

Less: acquired cash

    (26,940 )

Purchase price, net of acquired cash

    1,891,760  
Prepaid expenses and other current assets     (113,413 )
Fixed assets     (69,637 )

Intangible assets

    (1,640,000 )

Accounts payable, accrued expenses and other liabilities

    804,842  
Deferred tax liability     549,718  

Goodwill

  $ 1,423,270
SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The acquired intangible assets are as follows

 SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

    Amount  
Trade names, trademarks, domain names and licenses   $ 1,640,000  

Property investors network [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

 

    Amount  
Purchase price      
Value of shares   $ 17,017,000  
Cash     1,837,000  
Top-up share options     701,000  
Call / Put option     10,100,000  
Total purchase price     29,655,000  
Less: acquired cash     (347,952 )
Purchase price, net of acquired cash     29,307,048  
Accounts receivable     (461,249 )
Prepaid expenses and other current assets     (6,111,957 )
Fixed assets     (24,994 )
Intangible assets     (4,980,000 )
Accounts payable, accrued expenses and other liabilities     2,833,718  
Deferred tax liability     1,171,555  
Goodwill   $ 21,734,121  

SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The acquired intangible assets are as follows

 SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

    Amount  
Trade names, trademarks, domain names and licenses   $ 4,900,000  
Customer relationship     80,000  
Total   $ 4,980,000  

E square [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

 

    Amount  
Purchase price        
Value of shares   $ 2,692,000  
Cash     403,000  
Deferred payment     299,000  
Call / Put option     451,000  
Total purchase price     3,845,000  
Less: acquired cash     (262,518 )
Purchase price, net of acquired cash     3,582,482  
Accounts receivable     (178,081 )
Prepaid expenses and other current assets     (31,242 )
Fixed assets     (272,348 )
Intangible assets     (100,000 )
Accounts payable, accrued expenses and other liabilities     722,275  

Deferred tax liability

   

37,838

 
Goodwill   $ 3,760,924  

SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The acquired intangible assets are as follows

 

    Amount  
Trade names, trademarks, domain names and licenses   $ 100,000  
Total   $ 100,000  

University of antelope valley [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

 

    Amount  
Purchase price        
Value of shares   $ 6,470,000  
Cash     7,000,000  
Top-up share options     1,017,000  
Total purchase price     14,487,000  
Less: acquired cash     (1,620,734 )
Purchase price, net of acquired cash     12,866,266  
Accounts receivable     (3,082,589 )
Prepaid expenses and other current assets     (492,404 )
Fixed assets     (1,051,934 )
Accounts payable, accrued expenses and other liabilities     1,935,533  
Goodwill   $ 10,174,872  

Revealed films [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

SCHEDULE OF THE ALLOCATION OF THE PURCHASE CONSIDERATION TO THE FAIR VALUE OF THE ASSETS AND LIABILITIES

 

    Amount  
Purchase price        
Value of shares   $ 7,000,000  
Cash     1,000,000  
Deferred payment     2,000,000  
Top-up share options     10,380,397  
Total purchase price     20,380,397  
Less: acquired cash     (145,532 )
Purchase price, net of acquired cash     20,234,865  
Accounts receivable     (152,920 )
Prepaid expenses and other current assets     (745,521 )
Goodwill     (1,008,694 )
Intangible assets     (8,884,000 )
Accounts payable, accrued expenses and other liabilities     1,660,727  
Deferred tax liability    

2,202,088

 
Goodwill   $ 13,306,545  

SCHEDULE OF ACQUIRED INTANGIBLE ASSETS ACQUIRED

The acquired intangible assets are as follows

 

    Amount  
Customer relationship     8,884,000