| Schedule of supplemental pro forma financial Information |
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|
|
|
|
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|
Six months ended June 30, |
|
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2021 |
|
2020 |
Revenue |
|
$ |
139,341,692 |
|
$ |
74,814,491 |
Net loss |
|
$ |
(9,242,236) |
|
$ |
(562,883) |
Net loss per share (basic) |
|
$ |
(0.64) |
|
$ |
(0.05) |
|
| Schedule of purchase consideration and the fair values of the assets and liabilities |
The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows:
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|
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
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|
|
Cash |
|
$ |
2,843,379 |
Accounts receivable |
|
|
957,669 |
Mortgage loans held for sale |
|
|
8,147,195 |
Derivative assets |
|
|
89,669 |
Prepaid and other current assets |
|
|
121,837 |
Property & equipment |
|
|
355,887 |
Intangible assets |
|
|
11,780,000 |
Lease right of use assets |
|
|
1,498,085 |
Other long-term assets |
|
|
7,499 |
Total identifiable assets acquired |
|
|
25,801,220 |
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|
|
|
Accounts payable and accrued liabilities |
|
|
937,766 |
Escrow liabilities |
|
|
74,890 |
Derivative liabilities |
|
|
120,000 |
Warehouse lines of credit |
|
|
7,958,271 |
Notes payable |
|
|
485,600 |
Lease liability, current portion |
|
|
337,339 |
Lease liability, net of current portion |
|
|
1,160,746 |
Deferred tax liabilities |
|
|
2,686,823 |
Total liabilities assumed |
|
|
13,761,435 |
Total identifiable net assets |
|
|
12,039,785 |
Goodwill |
|
|
14,418,437 |
Net assets acquired |
|
$ |
26,458,222 |
|
| Schedule of purchase consideration and the fair values of the assets and liabilities |
The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows:
|
|
|
|
Recognized amounts of identifiable assets acquired and liabilities assumed |
|
|
|
Cash |
|
$ |
516,082 |
Accounts receivable |
|
|
138,459 |
Intangible assets |
|
|
4,920,000 |
Prepaid and other current assets |
|
|
1,671 |
Total identifiable assets acquired |
|
|
5,576,212 |
|
|
|
|
Deferred tax liabilities |
|
|
620,879 |
Accounts payable and accrued liabilities |
|
|
167,249 |
Total liabilities assumed |
|
|
788,128 |
Total identifiable net assets |
|
|
4,788,084 |
Goodwill |
|
|
4,192,667 |
Net assets acquired |
|
$ |
8,980,751 |
|