XML 32 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Combination (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of transaction consideration
Consideration  Shares   Value 
PeerStream shares   1,486,298   $8,322,852 
PeerStream options   130,965   $318,214 
        $8,641,066 
Schedule of fair value of the assets acquired and liabilities assumed
Accounts  Amount 
Cash and cash equivalents  $1,460,494 
Credit card holdback receivable   161,140 
Accounts receivable   192,490 
Other receivable   190,000 
Prepaid expense and other current assets   61,248 
Fixed assets, net   98,552 
Notes receivable   82,452 
Long term security deposits   279,410 
Intangibles assets, net   3,952,000 
Goodwill   9,960,017 
Accounts payable   (1,380,336)
Accrued expenses and other current liabilities   (460,719)
Deferred subscription revenue   (1,045,856)
Term note payable   (200,000)
Note payable, net of discount   (3,000,000)
Deferred rent, net of current portion   (116,240)
Capital lease obligations, net of current portion   (12,786)
Deferred tax liability   (1,580,800)
Total consideration  $8,641,066 
Schedule of fair value of the identifiable intangible assets
  Estimated
Fair Value
   Estimated
Useful Life in Years
Subscriber relationships  $1,940,000   3
Trade names, trademarks, product names, URLs   1,000,000   5
Internally developed software   730,000   5
Lead pool   282,000   2
Total acquired assets  $3,952,000