Quarterly report pursuant to Section 13 or 15(d)

2017 Asset Acquisition (Tables)

v3.8.0.1
2017 Asset Acquisition (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions
 

Total consideration paid in common stock (with marketability discount applied)
$
4,459,244

Fair value of assets acquired:


Accounts receivable, net
(2,292,485
)
Prepaid expenses and other current assets
(236,163
)
Property and equipment, net
(119,101
)
Goodwill
(4,013,034
)
Intangible assets
(4,360,000
)
Fair value of liabilities assumed:


Accounts payable
$
3,579,787

Accrued expenses and other current liabilities
1,152,789

Other long-term liabilities
49,149

Debt
2,015,577

Cash received in acquisition
$
235,763