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Business Acquisition (Tables)
 3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The purchase price has been preliminarily allocated to assets acquired and liabilities assumed based on the estimated fair value of such assets and liabilities at the date of acquisition as follows:

 

Assets acquired:        
Cash   $ 17,269  
Accounts receivable     1,071,770  
Accounts receivable, unbilled     276,023  
Parts and supplies     91,396  
Prepaid expenses     73,116  
Other current assets     5,954  
Right of use assets     2,885,618  
Property and equipment     732,372  
Intangible assets (see Note 7)     1,230,000  
      6,383,518  
Liabilities assumed:        
Accounts payable     129,622  
Accrued expenses     155,949  
Lease liabilities     2,947,684  
Federal and state taxes payable     168,900  
Deferred revenue     39,186  
Deferred tax liabilities - Net     149,900  
      3,591,241  
         
Total identifiable net assets     2,792,277  
         
Purchase price     4,592,453  
         
Goodwill - Excess of purchase price over fair value of net assets acquired   $ 1,800,176  
Schedule of Pro Forma Information

The following unaudited pro forma information presents a summary of the consolidated results of operations for the Company as if the acquisition of Graphic Sciences had occurred on January 1, 2019.

 

    For the Three Months Ended  
    (unaudited)     (unaudited)  
    March 31, 2020     March 31, 2019  
Total revenues   $ 2,488,401     $ 2,005,306  
                 
Net loss   $ (457,486 )   $  (623,448 )
                 
Basic and diluted net loss per share   $ (0.16 )   $ (0.22 )