SCWorx, Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

As consideration for the acquisition of SuckerPunch, the Company delivered the following amounts of cash and shares of common stock.

Cash

Warrants

Grant

Consideration

Paid

SuckerPunch

357,500

307,487

[16,184]

93,583

[4,925]

1,686,347

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table reflects the final allocation of the purchase price for SuckerPunch to identifiable assets, intangible assets, goodwill and identifiable liabilities:

	Final Fair Value
Cash	$	—
Accounts receivable, net		—
Intangible assets		210,000
Goodwill		1,522,605
Total identifiable assets	$	1,732,605
Total identifiable liabilities		(46,258	)
Total purchase price	$	1,686,347

Fight Time Promotions, LLC [Member]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

As consideration for the acquisition of the MMA promotion business of Fight Time, the Company delivered the following amounts of cash and shares of common stock.

		Cash				Shares				Consideration Paid
Fight Time		$	84,000				74,667 [3,930]			$	371,468

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table reflects the final allocation of the purchase price for the business of Fight Time to identifiable assets, intangible assets, goodwill and identifiable liabilities:

	Final Fair Value
Cash	$	—
Accounts receivable, net		—
Intangible assets		140,000
Goodwill		231,468
Total identifiable assets	$	371,468
Total identifiable liabilities		—
Total purchase price	$	371,468

National Fighting Championships [Member]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

As consideration for the acquisition of the MMA promotion business of NFC, the Company delivered the following amounts of cash and shares of common stock.

		Cash				Shares				Consideration Paid
NFC		$	140,000				273,304 [14,384]			$	506,227

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table reflects the final allocation of the purchase price for the business of NFC to identifiable assets, intangible assets, goodwill and identifiable liabilities:

	Final Fair Value
Cash	$	—
Accounts receivable, net		—
Fixed assets		20,000
Intangible assets		180,000
Goodwill		306,227
Total identifiable assets	$	506,227
Total identifiable liabilities		—
Total purchase price	$	506,227

Fight Club OC [Member]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

As consideration for the acquisition of the MMA promotion business of Fight Club OC, the Company delivered the following amounts of cash and shares of common stock.

		Cash				Shares				Consideration Paid
Fight Club OC		$	207,900				693,000 [36,474]			$	1,018,710

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table reflects the final allocation of the purchase price for the business of the Fight Club OC to identifiable assets, intangible assets, goodwill and identifiable liabilities, and preliminary pro forma intangible assets and goodwill:

	Final Fair Value
Cash	$	159,000
Accounts receivable, net		—
Intangible assets		270,000
Goodwill		748,710
Total identifiable assets	$	1,177,710
Total identifiable liabilities		(159,000	)
Total purchase price	$	1,018,710

Victory Fighting Championship [Member]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

As consideration for the acquisition of the MMA promotion business of Victory, the Company delivered the following amounts of cash and shares of common stock.

		Cash				Shares				Consideration Paid
Victory Fighting Championship		$	180,000				267,891 [14,100]			$	822,938

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table reflects the final allocation of the purchase price for the business of Victory to identifiable assets, intangible assets, goodwill and identifiable liabilities:

	Final Fair Value
Cash	$	—
Accounts receivable, net		32,180
Fixed assets		30,000
Intangible assets		290,000
Goodwill		578,167
Total identifiable assets	$	930,347
Total identifiable liabilities		(107,409	)
Total purchase price	$	822,938