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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Summary of Acquisitions of Assets and Liabilities Assumed

The Company has estimated the fair value of the assets acquired and liabilities assumed as part of the acquisition and is currently undergoing a formal valuation and will adjust these estimates, if necessary, within the one year measurement period:

Cash		$	128,063
Accounts receivable			4,800
Intangible assets (See Note 5)			1,630,973
Total assets			1,763,836
Accounts payable and accrued expenses			(6,244	)
Credit card liability			(153,097	)
Deferred revenue			(288,720	)
Net assets acquired		$	1,315,775
Cash and notes issued, net		$	850,000
Debt discount			(9,225	)
Value of common stock issued			475,000
Total consideration		$	1,315,775

Summary of Operating Results

Operating results for the three months ended March 31, 2015 follow:

		2015
Revenue		$	1,633,620
Net income		$	64,179

X

- Definition

Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463

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- References

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

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