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Business Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 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 acquisitions as follows:
|  | Total |  |  | March 2, 2020 |  |  | April 21, 2020 |
Assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 17,269 |  |  | $ | 17,269 |  |  | $ | - |
Accounts receivable |  |  | 1,122,737 |  |  |  | 1,071,770 |  |  |  | 50,967 |
Accounts receivable, unbilled |  |  | 276,023 |  |  |  | 276,023 |  |  |  | - |
Parts and supplies |  |  | 91,396 |  |  |  | 91,396 |  |  |  | - |
Prepaid expenses |  |  | 73,116 |  |  |  | 73,116 |  |  |  | - |
Other current assets |  |  | 5,954 |  |  |  | 5,954 |  |  |  | - |
Right of use assets |  |  | 2,885,618 |  |  |  | 2,885,618 |  |  |  | - |
Property and equipment |  |  | 735,885 |  |  |  | 732,372 |  |  |  | 3,513 |
Intangible assets (see Note 7) |  |  | 1,361,000 |  |  |  | 1,230,000 |  |  |  | 131,000 |
|  |  | 6,568,998 |  |  |  | 6,383,518 |  |  |  | 185,480 |
Liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 169,289 |  |  |  | 129,622 |  |  |  | 39,667 |
Accrued expenses |  |  | 163,168 |  |  |  | 155,949 |  |  |  | 7,219 |
Lease liabilities |  |  | 2,947,684 |  |  |  | 2,947,684 |  |  |  | - |
Federal and state taxes payable |  |  | 168,900 |  |  |  | 168,900 |  |  |  | - |
Deferred revenue |  |  | 195,448 |  |  |  | 39,186 |  |  |  | 156,262 |
Deferred tax liabilities - Net |  |  | 149,900 |  |  |  | 149,900 |  |  |  | - |
|  |  | 3,794,389 |  |  |  | 3,591,241 |  |  |  | 203,148 |
Total identifiable net assets/(liabilities) |  |  | 2,774,609 |  |  |  | 2,792,277 |  |  |  | (17,668 | )
Purchase price |  |  | 5,094,285 |  |  |  | 4,592,453 |  |  |  | 501,832 |
Goodwill - Excess of purchase price over fair value of net assets acquired |  | $ | 2,319,676 |  |  | $ | 1,800,176 |  |  | $ | 519,500 |
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 acquisitions of Graphic Sciences and CEO Image had occurred on January 1, 2019.
|  | For the Three months ended |
|  | (unaudited) |  |  | (unaudited) |
|  | June 30, 2020 |  |  | June 30, 2019 |
Total revenues |  | $ | 1,994,408 |  |  | $ | 2,779,865 |
Net loss |  | $ | (264,269 | ) |  | $ | (83,704 | )
Basic and diluted net loss per share |  | $ | (0.09 | ) |  | $ | (0..03 | )
|  | For the Six months ended |
|  | (unaudited) |  |  | (unaudited) |
|  | June 30, 2020 |  |  | June 30, 2019 |
Total revenues |  | $ | 4,482,809 |  |  | $ | 4,785,171 |
Net loss |  | $ | (721,755 | ) |  | $ | (707,152 | )
Basic and diluted net loss per share |  | $ | (0.26 | ) |  | $ | (0.25 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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