Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

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ACQUISITION (Tables) - Pie Squared Holdings LLC [Member]
 12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

The assets acquired, and liabilities assumed as of the acquisition date consists of the following:

 

         
Assets acquired:        
Cash   $ 71  
Restricted cash     2,000  
Property and equipment     348  
Right of use asset     1,391  
Tradename/trademark intangible     410  
Franchise rights intangible     410  
Goodwill     51  
Security deposits and other assets     126  
Total assets acquired   $ 4,807  
         
Liabilities assumed        
Gift card liability   $ 139  
Deferred revenue     36  
Deferred grant income     2,000  
Right of use liability     1,438  
Total liabilities assumed   $ 3,613  
         
Net purchase price   $ 1,194  
SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS

 

Volatility     90.00 %
Risk free rate     0.08% - 0.20 %
Stock price   $ 0.52  
Credit spread     6.35 %