C-Bond Systems, Inc. Annual report pursuant to Section 13 and 15(d)

Acquisition of Mobile Tint LLC (Tables)

12 Months Ended

Dec. 31, 2022

	Total
Assets acquired:
Cash	$	288,901
Accounts receivable, net		59,726
Inventory		68,019
Prepaid expenses and other		6,091
Contract assets		32,699
Property and equipment		140,211
Right of use asset		253,433
Intangible assets		352,516
Goodwill		350,491
Total assets acquired at fair value		1,552,087
Less: total liabilities assumed:
Notes payable		95,013
Accounts payable		65,728
Accrued expenses		159,262
Customer deposit		110,000
Lease liability		253,433
Noncontrolling interest		173,730
Total liabilities assumed		857,166
Net assets acquired	$	694,921
Purchase consideration paid:
Fair value of common shares issued	$	694,921
Total purchase consideration paid	$	694,921