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Acquisition of HubPages, Inc. (Tables)
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Summary of Price Allocation for Acquisition

The purchase price allocation resulted in the following amounts being allocated to the assets acquired (cash acquired of $1,537,308 is included in current assets) and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

 

Current assets   $ 1,588,096  
Accounts receivable and unbilled receivables     1,033,080  
Other assets     25,812  
Developed technology     6,740,000  
Tradename     268,000  
Goodwill     1,857,663  
Current liabilities     (851,114 )
Deferred tax liability     (91,633 )
Net assets acquired   $ 10,569,904  
Schedule of Pro-forma Information for Acquisition

The amounts of HubPages revenue and earnings included in the Company’s condensed consolidated statements of operations for the period ended September 30, 2018, and the revenue and earnings of the combined entity had the acquisition date been January 1, 2018 and 2017, are as follows:

 

    Revenue     Earnings  
Actual from August 23, 2018 to September 30, 2018   $ 843,042     $ 162,550  
Supplemental pro forma from July 1, 2018 to September 30, 2018 (unaudited)     2,250,154       (8,854,343 )
Supplemental pro forma from July 1, 2017 to September 30, 2017 (unaudited)     1,296,903       (1,854,412 )
Supplemental pro forma from January 1, 2018 to September 30, 2018 (unaudited)     6,001,424       (18,003,676 )
Supplemental pro forma from January 1, 2017 to September 30, 2017 (unaudited)     3,095,570       (5,403,026 )