Monday, December 11, 2023 10:14:40 AM
Spin-off of the Company’s legacy business
The operating assets and liabilities to be included in the spin-off of the Company’s legacy business include:
Cash and cash equivalents
$296,263
Other current assets
$2,370,366
Property and equipment
$42,568
Intangible assets, net
$1,623,300
Accounts payable and accrued liabilities
$9,554,841
Charge to additional paid-in capital
$5,222,344
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