| Schedule of Fair Value of the Identifiable Assets Acquired and Liabilities Assumed |
| | |
Amount | |
| Total consideration for acquisition | |
$ | 13,854,016 | |
| | |
| | |
| Assets acquired and liabilities assumed: | |
| | |
| Cash acquired | |
| 47,073 | |
| Accounts receivable | |
| 1,048,422 | |
| Loan receivable | |
| 40,052 | |
| Prepayments, deposits and other current assets | |
| 650,632 | |
| Intangible assets, net | |
| 8,134,797 | |
| Accounts payable | |
| (1,401,816 | ) |
| Deferred revenue | |
| (378,979 | ) |
| Other current liabilities | |
| (3,212 | ) |
| Deferred tax liabilities | |
| (2,033,699 | ) |
| Total net assets acquired | |
| 6,103,270 | |
| Goodwill | |
$ | 7,750,746 | |
| | |
Amount | |
| Total consideration for acquisition | |
$ | 8,862,626 | |
| | |
| | |
| Assets acquired and liabilities assumed: | |
| | |
| Cash acquired | |
| 8,924 | |
| Accounts receivable | |
| 79,999 | |
| Prepayments, deposits and other current assets | |
| 154,125 | |
| Right of use assets | |
| 37,899 | |
| Intangible assets, net | |
| 11,171,863 | |
| Accounts payable | |
| (51,344 | ) |
| Deferred revenue | |
| (12,209 | ) |
| Other current liabilities | |
| (87,293 | ) |
| Total net assets acquired | |
| 11,301,964 | |
| 49% equity value with non-controlling interests | |
| (5,244,823 | ) |
| Goodwill | |
$ | 2,805,485 | |
|