Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.22.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of fair value of assets acquired and liabilities
Below is a table that shows the fair value of assets acquired and liabilities assumed by the Company as a result of the 2021 transaction
s
.
The purchase price allocation below for CCE is preliminary, as management is currently evaluating certain assumptions and may adjust the allocation in the subsequent period.
 
Assets
 
Agribody
Technologies,
Inc. as of April
15, 2021
 
 
Entira, Inc. as
of November
17, 2021
 
 
Camelina
Company
Espana, S.L. as
of December
20, 2021
 
 
Total of
Acquisitions as
of December
31, 2021
 
Cash and cash equivalents
 
$
263,755
 
 
$
2,100
 
 
$
151,188
 
 
$
417,043
 
Accounts receivable
 
 
-
 
 
 
-
 
 
 
1,094,894
 
 
 
1,094,894
 
Prepaid expense and other current assets
 
 
-
 
 
 
-
 
 
 
1,094,894
 
 
 
1,094,894
 
Property, plant, and equipment
 
 
185,445
 
 
 
33,000
 
 
 
598,619
 
 
 
817,064
 
Patents
 
 
3,450,000
 
 
 
-
 
 
 
-
 
 
 
3,450,000
 
Developed seed variant technology
 
 
-
 
 
 
-
 
 
 
5,679,500
 
 
 
5,679,500
 
Trade
 
name
 
 
90,000
 
 
 
-
 
 
 
-
 
 
 
90,000
 
Goodwill
 
 
2,345,569
 
 
 
2,858,930
 
 
 
3,572,941
 
 
 
8,777,440
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
 
(344,277
)
 
 
(300,000
)
 
 
(1,687,947
)
 
 
(2,332,224
)
Long term liabilities
 
 
-
 
 
 
-
 
 
 
(619,293
)
 
 
(619,293
)
Deferred tax
liabilities
 
 
(990,492
 )
 
 
(130,723
 )
 
 
(1,623,599
 )
 
 
(2,744,814
 )
Total fair value of net assets acquired
 
 
5,000,000
 
 
 
2,463,307
 
 
 
8,261,197
 
 
 
15,724,504
 
Less: Cash acquired
 
 
(263,755
 )
 
 
(2,100
 )
 
 
(151,188
 )
 
 
(417,043
 )
Total fair value of consideration transferred, net of cash acquired
 
$
4,736,245
 
 
$
2,461,207
 
 
$
8,110,009
 
 
$
15,307,461