XML 53 R29.htm IDEA: XBRL DOCUMENT
v3.20.1

Business Combination (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Business Combinations [Abstract] |
Schedule of Allocation of Purchase Price for Assets Acquired and Liabilities Assumed | Fair value of assets acquired:
Cash and cash equivalents |  | $ | 68,845 |
Accounts receivable, net |  |  | 5,185 |
Prepaids and other current assets |  |  | 3,703 |
Insurance agency license |  |  | 129,032 |
Total |  |  | 206,765 |
Fair value of current liabilities |  |  | (36,443 | )
Purchase price |  | $ | 170,322 |
Schedule of Unaudited Pro Forma Information | The following unaudited pro forma information presents the combined results of operations as if the acquisition of Sparkle had been completed on January 1, 2018. These unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations:
|  | For the year ended December 31, 2019 |  |  | For the year ended December 31, 2018 |
|  | (unaudited) |  |  | (unaudited) |
Revenue |  | $ | 4,484,822 |  |  | $ | 4,364,937 |
Loss from operations |  | $ | (1,591,085 | ) |  | $ | (4,281,705 | )
Net loss |  | $ | (1,349,478 | ) |  | $ | (8,387,869 | )
Net loss per share-basic and diluted |  | $ | (0.02 | ) |  | $ | (0.16 | )

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration