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Note 4 - PistolStar Inc. Acquisition (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Purchase consideration:
Total cash paid, net of acquired cash		$	2,000,000
4% Promissory note			500,000
Total purchase price consideration		$	2,500,000
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents		$	100,747
Accounts receivable			184,792
Prepaid expenses and other current assets			9,485
Fixed assets			36,467
Intangible assets			2,005,000
Goodwill			417,171
Total assets acquired			2,753,662
Accrued expenses and other current liabilities			494
Deferred revenue			253,168
Total fair value of assets acquired and liabilities assumed		$	2,500,000

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

		Amount				Estimated useful life (in years)
Developed technology		$	1,153,000				3
Customer relationships			852,000				5
Total identifiable intangible assets		$	2,005,000

Business Acquisition, Pro Forma Information [Table Text Block]

		3 Months ended June 30,				6 Months ended June 30,
		2020				2020
Revenue		$	725,779			$	1,652,678
Net loss			(1,580,349	)			(5,045,889	)
Basic and diluted net loss per share		$	(0.08	)		$	(0.28	)
Weighted average number of ordinary shares used in computing basic and diluted loss per share			20,864,866				18,030,939

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- 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.

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