Replies to post #57537 on Tautachrome Inc (TTCM)

[linda1]

TTCM overpaid for Polybia Studios:


$ 39,000 cash
13,000,000 common shares
TOTAL - $ 392,600


PAGE 11 OF Q-3 FINANCIAL REORT -

Acquisition of Photosweep, LLC.

On January 15, 2016, we acquired all of the
members’ interests of Photosweep, LLC (“Photosweep”),
an Arizona limited liability company.

Under the terms of the Acquisition, the Registrant
paid $39,000 and issued 13,000,000 shares of its
common stock to acquire all the members’ interests
in Photosweep from Jeremy Snyder, Sara Snyder,
Richard and Candice Snyder, Quazar Enterprises
Limited and Carrington Capital Group Limited.

We valued the common stock at the grant
date fair value, and recorded an acquisition
cost of $353,600, or $0.027 per share. We are
currently amortizing these costs and the cash paid
(for a total of $392,600) over a three year period
and will evaluate the asset for impairment at year
end once we determine the nature and scope
of the revenue-generation potential of Photosweep.
For the nine months ended September 30, 2016,
we amortized $92,862 of this intangible asset to expenses.


https://www.sec.gov/Archives/edgar/data/1389067/000147793216013226/ttcm_10q.htm