XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2018
Acquisitions Tables  
Purchase price consideration
   

Preliminary

Purchase

Price

Allocation

   

Cumulative

Measurement

Period

Adjustment

   

Final

Purchase

Price

Allocation

 
Net tangible assets acquired:                  
                   
Technology development   $ 1,400,000     $ 1,500,000     $ 2,900,000  
                         
Customer contracts     10,000       (10,000 )     -  
                         
Non-compete agreements     100,000       (100,000 )     -  
                         
Tangible assets acquired     1,510,000       1,390,000       2,900,000  
                         
Goodwill     3,240,000       (1,390,000 )     1,850,000  
                         
Total purchase price     4,750,000       -       4,750,000  
                         
Less: Issuance of shares     (2,666,666 )     -       (2,666,666 )
                         
Less: Debt issued     (1,333,334 )     -       (1,333,334 )
                         
Cash paid   $ 750,000       -     $ 750,000