The purchase price of Pure Guar has been allocated to the tangible and intangible assets acquired and liabilities assumed, and any non-controlling interest in Pure Guar based on their estimated fair values at the date of acquisition as follows:
|
Book Value |
Fair Value Adjustment |
Fair Market Value |
||||||||||
| Cash | $ | 8,018 | $ | - | $ | 8,018 | ||||||
| Prepaid expenses | 10,724 | - | 10,724 | |||||||||
| Prepaid harvest | 28,999 | - | 28,999 | |||||||||
| Prepaid land lease | 49,712 | - | 49,712 | |||||||||
| Cultivation | 4,990 | - | 4,990 | |||||||||
| Advances from Guar Global | (131,426 | ) | - | (131,426 | ) | |||||||
| Goodwill | - | 30,675 | 30,675 | |||||||||
| Total | (28,983 | ) | 30,675 | 1,692 | ||||||||
| Non-controlling interest | (- | ) | - | (- | ) | |||||||
| Purchase price | $ | (28,983 | ) | $ | 30,675 | $ | 1,692 | |||||