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Acquisition (Tables)

12 Months Ended

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	)

X

- 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

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- References

No definition available.

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X

- 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

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