XML 37 R27.htm IDEA: XBRL DOCUMENT v3.19.1
ACQUISITION OF DECAHEDRON, LTD (Tables)
 12 Months Ended
Dec. 31, 2018
Acquisition Of Decahedron Ltd  
Unaudited allocation of purchase price
    Preliminary Allocation as of              
    February 10,     Allocation     Final  
    2017     Adjustments     Allocation  
Current assets   $ 6,537     $ -     $ 6,537  
Intangible assets     50,000       -       50,000  
Other assets     305,400       (216,562 )     88,838  
Total assets acquired     361,937       (216,562 )     145,375  
Liabilities assumed:                        
Debt     804,819       (188,560 )     616,259  
Total liabilities assumed     804,819       (188,560 )     616,259  
Net assets acquired     (442,882 )     (28,002 )     (470,884 )
Consideration:                        
Value of Common Stock Issued at Acquisition     1,479,000       -       1,479,000  
Goodwill   $ 1,921,882     $ 28,002     $ 1,949,884  
Intangible assets
    Amount    

Useful

Life (Years)

  
Licenses (a)   $ 50,000       5  
    $ 50,000       -  
Unaudited Supplemental Pro Forma Data
    Years Ended December 31,  
    2018     2017  
Revenues   $ 37,083,882     $ 30,206,825  
Cost of revenues     34,675,242       28,256,544  
Gross profit     2,408,640       1,950,281  
                 
Operating expenses     3,637,062       6,856,585  
Operating loss     (1,228,422 )     (4,906,304 )
                 
Other income (expense)     (7,814,910 )     (1,372,288 )
                 
Income tax (expense)     (17,326 )     (2,801 )
                 
Net Loss   $ (9,060,658 )   $ (6,281,393 )
                 
Other comprehensive gain (loss)     1,418,018       (343,766 )
Comprehensive net loss   $ (7,642,601 )   $ (6,616,159 )