ACQUISITION (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combination and Asset Acquisition [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED |
A preliminary estimate of the assets acquired, and liabilities assumed as of the acquisition date consists of the following:
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SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS |
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SCHEDULE OF PRO FORMA ACQUISITION |
The following unaudited pro forma information reflects the impact of the acquisition as if it had closed on January 1, 2020.
The unaudited pro forma statement of operations data for the nine months ended September 30, 2021, excludes the approximately $8.0 million of income recognized for RRF grant monies received as discussed above and $3.0 million gain on extinguishment of debt with a related-party, both recorded by Pie Squared. |