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Business Combination (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Fair Value of Identifiable Assets Acquired, and Liabilities Assumed Including Amount Intangible Assets

The following table summarizes the acquisition date fair value of the consideration paid, identifiable assets acquired, and liabilities assumed including an amount for intangible assets:

Consideration Paid:
Cash and cash equivalents		$	150,000
Additional consideration to be paid			200,000
Contingent consideration			400,000
Fair value of total consideration		$	750,000
Recognized amount of identifiable assets acquired, and liabilities assumed:
Financial assets:
Cash and cash equivalents		$	1,445
Financial liabilities:
Accounts payable and accrued liabilities			(84,349	)
Deferred revenue			(30,079	)
Non-controlling interest			(144,118	)
Total identifiable net assets			(227,022	)
Customer relationship asset			1,006,840
		$	750,000

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- References

No definition available.

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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=116869197&loc=d3e4845-128472

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