Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets Variable Interest Entity Acquisitions (VIEs) (Tables)

v3.23.1
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