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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of purchase price of the acquisition |
Purchase Price |  |  |
Cash paid |  | $ | 8,994,369 |
Common stock issued |  |  | 5,107,793 |
Contingent payment |  |  | 3,720,000 |
Total |  | $ | 17,822,162 |
Allocation |  |  |  |
Current assets |  |  |  |
Accounts receivable |  | $ | 411,354 |
Prepaid Expense |  |  | 12,139 |
Property and equipment |  |  | 19,173 |
Intangibles |  |  |  |
Goodwill, including assembled workforce in place |  |  | 11,061,518 |
Web technology |  |  | 5,125,000 |
Tradename |  |  | 2,604,000 |
Non-compete agreements |  |  | 116,000 |
Customer relationships |  |  | 431,000 |
Current liabilities assumed |  |  |  |
Accounts payable |  |  | (128,234 | )
Accrued expenses |  |  | (931,828 | )
Deferred tax liability |  |  | (897,960 | )
Total |  | $ | 17,822,162 |
Schedule of pro forma results of operations |
|  | 2019 |
|  | As Reported |  |  | Pro Forma |
Revenues |  | $ | 24,598,278 |  |  | $ | 26,118,278 |
Net Loss |  |  | (3,142,576 | ) |  |  | (3,869,577 | )
Loss per common share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.23 | ) |  | $ | (0.29 | )
Diluted |  | $ | (0.23 | ) |  | $ | (0.29 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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