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Acquisitions (Tables)
9 Months Ended
Sep. 30, 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 of DIQ for the three and nine month periods ended September 30, 2015 follow:

 

    Three Months     Nine Months  
    Ended     Ended  
    September 30, 2015     September 30, 2015  
             
Revenue   $ 768,465     $ 3,675,005  
                 
Net income (loss)   $ (223,080 )   $ (201,074 )