XML 20 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1

Property and Equipment, Net

6 Months Ended

Jun. 30, 2018

Property And Equipment Net

Property and Equipment, Net

The following table summarizes property and equipment, net as of June 30, 2018 and December 31, 2017:

		June 30, 2018				December 31, 2017
Vehicles		$	472,870			$	472,870
Furniture and equipment			208,849				149,643
Technology development			4,024,854				3,406,786
Total property and equipment			4,706,573				4,029,299
Less: accumulated depreciation and amortization			1,092,061				668,467
Property and equipment, net		$	3,614,512			$	3,360,832

Amortization and depreciation on Property and Equipment is determined on a straight-line basis over the estimated useful lives ranging from 3 to 5 years.

During the fourth quarter of 2017, the Company finalized the preliminary purchase price allocation of the NextGen acquisition and recorded a measurement period adjustment to increase the amount of the preliminary purchase price allocated to technology development from $1,400,000 to $2,900,000. For additional information, see Note 2 “Acquisitions.”

At June 30, 2018, capitalized technology development costs were $4,024,854, which includes $2,900,000 of software acquired in the NextGen acquisition. Total technology costs incurred for the three-month and six-month periods ended June 30, 2018 were $643,589 and $1,112,897, respectively of which $432,100 and $618,069, respectively was capitalized and $211,489 and $494,828, respectively was charged to expense in the accompanying Condensed Consolidated Statements of Operations. The amortization of capitalized technology development costs for the three-month and six-month periods ended June 30, 2018 was $185,071 and $358,831, respectively. Total technology development costs incurred for the three month and six-month periods ended June 30, 2017 was $272,000 and $477,366, respectively of which $163,306 and $290,664, respectively was capitalized and $108,694 and $186,702, respectively was charged to expense in the accompanying Condensed Consolidated Statements of Operations. The amortization of capitalized technology development costs for the three-month and six-month periods ended June 30, 2017 was $81,698 and $129,945, respectively. Depreciation on furniture and equipment for the three-month and six-month periods ended June 30, 2018 was $32,756 and $64,764, respectively. Depreciation on furniture and equipment for the three-month and six-month periods ended June 30, 2017 was $20,388 and $20,974, respectively.

X

- References

No definition available.

+ Details

Name:	RMBL_PropertyAndEquipmentNetAbstract
Namespace Prefix:	RMBL_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration