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Business Acquisitions - Earnout Liability (Tables)
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Schedule of Pro Forma Information

The following unaudited pro forma information presents a summary of the condensed consolidated results of operations for the Company as if the acquisitions of Graphic Sciences and CEO Image had occurred on January 1, 2020.

 

For the three months ended March 31, 2020   (unaudited)  
    March 31, 2020  
Total revenues   $ 2,610,044  
         
Net loss   $ (461,710 )
         
Basic and diluted net loss per share   $ (0.16 )

 

The following table presents the amounts of revenue and earnings of the acquirees since the acquisition date included in the condensed consolidated income statement for the reporting period.

 

For the three months ended March 31, 2021   Graphic Sciences     CEO Image  
Total revenues   $ 1,843,221     $ 132,605  
                 
Net income   $ 303,521     $ (a)  

 

For the three months ended March 31, 2020   Graphic Sciences     CEO Image  
Total revenues   $ 556,254     $ -  
                 
Net income   $ 79,342     $ -  

 

  (a) Total earnings from the CEO Image acquisition is impracticable to disclose as the operations were merged with existing operations and not accounted for separately.