Intangible Assets Variable Interest Entity Acquisitions (VIEs) (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| Intangible Assets - Variable Interest Entity Acquisitions (VIEs) |
|
| Schedule Of Following purchase |
Purchase Price: |
|
|
|
Fair value of stock at closing |
|
$ |
2,000,000 |
|
Fair value of contingent consideration |
|
|
495,868 |
|
Total consideration |
|
$ |
2,495,868 |
|
|
|
|
|
|
Purchase Price Allocation: |
|
|
|
|
Intangible asset - IP |
|
$ |
4,916,057 |
|
Non-controlling interest |
|
|
(2,420,189 |
) |
Viking ownership interest |
|
$ |
2,495,868 |
|
Purchase Price: |
|
|
|
Fair value of stock at closing |
|
$ |
233,334 |
|
Total consideration |
|
$ |
233,334 |
|
|
|
|
|
|
Purchase Price Allocation: |
|
|
|
|
Intangible asset - IP |
|
$ |
457,518 |
|
Non-controlling interest |
|
|
(224,184 |
) |
Viking ownership interest |
|
$ |
233,334 |
|
|
| Schedule Of Convertible Preferred Stock |
No. |
|
|
Purchase Price* |
|
|
When Due |
|
No. of VKIN Pref. Shares |
|
|
Conversion Price |
|
|
No. of Underlying VKIN Common Shares |
|
|
Estimated Revenues if Sales Target Achieved** |
|
|
1 |
|
|
$ |
250,000 |
|
|
On closing |
|
|
N/A |
|
|
$ |
0.60 |
|
|
|
416,667 |
|
|
|
N/A |
|
|
2 |
|
|
$ |
4,750,000 |
|
|
On closing |
|
|
475 |
|
|
$ |
0.60 |
|
|
|
7,916,667 |
|
|
|
N/A |
|
|
3 |
|
|
$ |
1,000,000 |
|
|
Upon the sale of 10k units |
|
|
100 |
|
|
$ |
0.75 |
|
|
|
1,333,333 |
|
|
$ |
50,000,000 |
|
|
4 |
|
|
$ |
2,000,000 |
|
|
Upon the sale of 20k units |
|
|
200 |
|
|
$ |
1.00 |
|
|
|
2,000,000 |
|
|
$ |
100,000,000 |
|
|
5 |
|
|
$ |
3,000,000 |
|
|
Upon the sale of 30k units |
|
|
300 |
|
|
$ |
1.25 |
|
|
|
2,400,000 |
|
|
$ |
150,000,000 |
|
|
6 |
|
|
$ |
4,000,000 |
|
|
Upon the sale of 50k units |
|
|
400 |
|
|
$ |
1.50 |
|
|
|
2,666,667 |
|
|
$ |
250,000,000 |
|
|
7 |
|
|
$ |
6,000,000 |
|
|
Upon the sale of 100k units |
|
|
600 |
|
|
$ |
2.00 |
|
|
|
3,000,000 |
|
|
$ |
500,000,000 |
|
Total |
|
|
$ |
21,000,000 |
|
|
|
|
|
2,075 |
|
|
$ |
1.06(avg.) |
|
|
|
19,733,334 |
|
|
$ |
500,000,000 |
|
|
| Schedule Of Acquisition and Initial Consolidation of a VIE that is not a Business |
Purchase Price: |
|
|
|
Fair value of stock at closing |
|
$ |
4,433,334 |
|
Fair value of contingent consideration |
|
|
939,889 |
|
Total consideration |
|
$ |
5,373,223 |
|
|
|
|
|
|
Purchase Price Allocation: |
|
|
|
|
Intangible asset - IP |
|
$ |
10,059,765 |
|
Non-controlling interest |
|
|
(4,686,542 |
) |
Viking ownership interest |
|
$ |
5,373,223 |
|
|
| Schedule Of Viking Sentinel and Viking Protection, and consolidates |
|
|
Viking |
|
|
Viking |
|
|
Viking |
|
|
|
|
|
|
Ozone |
|
|
Sentinel |
|
|
Protection |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible asset - IP |
|
$ |
4,916,057 |
|
|
$ |
457,518 |
|
|
$ |
10,059,765 |
|
|
$ |
15,433,340 |
|
Non-controlling interest |
|
|
(2,420,189 |
) |
|
|
(224,184 |
) |
|
|
(4,686,542 |
) |
|
|
(7,330,915 |
) |
Viking ownership interest |
|
$ |
2,495,868 |
|
|
$ |
233,334 |
|
|
$ |
5,373,223 |
|
|
$ |
8,102,425 |
|
|