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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Unaudited Pro Forma Results of Operations

This information has been compiled from historical financial statements and is not necessarily indicative of the results that actual would have been achieved had the transaction already occurred or that may be achieved in the future.

 

   

For the year ended

December 31, 2018

  
       
Revenues   $ 39,118,779  
Cost of revenues     (29,534,694 )
Operating expenses     (16,874,840 )
Other incomes (expenses)     (181,172 )
Net loss   $ (7,471,927 )
         
Net loss per common share   $ (0.74 )
Weighted average outstanding common shares – basic and diluted     10,149,786  
Schedule of Adjusted Pro Forma Expenses

. In addition, the pro forma results of operations were adjusted for the following expenses:

 

   

For the year ended

December 31, 2018

  
         
Record amortization expense of intangible assets acquired   $ 100,000  
Cohuborate, Ltd. [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Assets acquired:      
Cash   $ 1,038,368  
Accounts receivable     12,114  
Inventory     315,438  
Other current assets     22,928  
Property and equipment     4,321  
Intangible assets     190,430  
Total assets acquired     1,583,599  
Total liabilities assumed     (148,285 )
         
Net assets acquired   $ 1,435,314  
         
Consideration paid:        
Issuance of 257,200 shares of Class A common stock   $ 1,435,176  
Cash     138  
         
Total   $ 1,435,314  
Qwizdom, Inc [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Assets acquired:      
Cash   $ 239,698  
Accounts receivable     662,636  
Inventory     132,411  
Other current assets     20,857  
Property and equipment     299,525  
Intangible assets     650,188  
Goodwill     477,145  
Total assets acquired     2,482,460  
Total liabilities assumed     (177,890 )
         
Net assets acquired   $ 2,304,570  
         
Consideration paid:        
Cash   $ 410,000  
Promissory note     656,000  
Issuance of 142,857 shares of Class A common stock     828,570  
Earn-out payable     410,000  
         
Total   $ 2,304,570  
EOSEDU, LLC [Member]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Assets acquired:      
Cash   $ 32,269  
Accounts receivable     89,871  
Other current assets     4,543  
Intangible assets     156,823  
Goodwill     78,411  
Total assets acquired     361,917  
Total liabilities assumed     (7,917 )
         
Net assets acquired   $ 354,000  
         
Consideration paid:        
Issuance of 100,000 shares of Class A common stock   $ 354,000  
         
Total   $ 354,000