Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Details)

v3.22.1
ACQUISITIONS (Details)
€ in Millions
 1 Months Ended 12 Months Ended
Dec. 20, 2021
USD ($)
Nov. 17, 2021
USD ($)
Apr. 15, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
EUR (€)
Nov. 30, 2021
USD ($)
Apr. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Assets                
Cash and cash equivalents       $ 417,043       $ 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       817,064       817,064
Goodwill       8,777,440       8,777,440
Liabilities                
Accounts payable and accrued liabilities       (2,332,224)       (2,332,224)
Long term liabilities       (619,293)       (619,293)
Deferred tax liabilities       (2,744,814)       (2,744,814)
Total fair value of net assets acquired       15,724,504       15,724,504
Less: Cash acquired               (417,043)
Total fair value of consideration transferred, net of cash acquired               15,307,461
Entira, Inc                
Assets                
Cash and cash equivalents   $ 2,100            
Property, plant, and equipment   33,000            
Goodwill   2,858,930            
Liabilities                
Accounts payable and accrued liabilities   (300,000)            
Deferred tax liabilities   (130,723)            
Total fair value of net assets acquired   2,463,307            
Less: Cash acquired   (2,100)            
Total fair value of consideration transferred, net of cash acquired   $ 2,461,207       $ 2,500,000    
Camelina Company Espana SL                
Assets                
Cash and cash equivalents $ 151,188              
Accounts receivable 1,094,894              
Prepaid expense and other current assets 1,094,894              
Property, plant, and equipment 598,619              
Goodwill 3,572,941     8,800,000       8,800,000
Liabilities                
Accounts payable and accrued liabilities (1,687,947)              
Long term liabilities (619,293)              
Deferred tax liabilities (1,623,599)              
Total fair value of net assets acquired 8,261,197              
Less: Cash acquired (151,188)              
Total fair value of consideration transferred, net of cash acquired 8,110,009     8,300,000 € 7.3      
Agribody Technologies, Inc.                
Assets                
Cash and cash equivalents     $ 263,755          
Property, plant, and equipment     185,445          
Goodwill     2,345,569          
Liabilities                
Accounts payable and accrued liabilities     (344,277)          
Deferred tax liabilities     (990,492)          
Total fair value of net assets acquired     5,000,000          
Less: Cash acquired     (263,755)          
Total fair value of consideration transferred, net of cash acquired     4,736,245       $ 5,000,000  
Patents                
Assets                
Assets acquired       3,450,000       3,450,000
Patents | Agribody Technologies, Inc.                
Assets                
Assets acquired     3,450,000          
Developed seed variant technology                
Assets                
Assets acquired       5,679,500       5,679,500
Developed seed variant technology | Camelina Company Espana SL                
Assets                
Assets acquired $ 5,679,500              
Trade name                
Assets                
Assets acquired       $ 90,000       $ 90,000
Trade name | Agribody Technologies, Inc.                
Assets                
Assets acquired     $ 90,000