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Business Acquisitions (Tables)
 6 Months Ended
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 )