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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of allocation of purchase price | As stated above, the Company has determined the following provisional estimates of the fair value of the assets acquired and liabilities assumed from WMI:
|  | Provisional Fair Values |
Other current assets |  | $ | 1,274,000 |  |
Accounts receivable |  |  | 1,522,000 |  |
Inventory |  |  | 7,969,000 |  |
Current liabilities |  |  | 4,813,000 |  |
Total |  | $ | 5,952,000 |  |
Schedule of pro forma revenue and net income | The following table presents the unaudited pro forma revenue and net income for the period presented as if the WMI Acquisition had occurred on January 1, 2017 based on the provisional estimates of the fair value of the net assets acquired:
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |
Revenue |  | $ | 97,780,960 |  |  | $ | 94,412,148 |
Net income (loss) |  | $ | 3,190,457 |  |  | $ | (1,330,366) |

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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=84161108&loc=d3e4845-128472 + Details
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