ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2016

Acquisition Tables

Fair Value of Consideration Transferred

Preferred stock issuance to emergeIT Sellers	$	11,580,000
Common stock issuance to the emergeIT Sellers		2,035,000
Warrant issuance to an emergeIT warrant holder		523,000
Total acquisition date fair value	$	14,139,000

Allocation of Consideration Transferred

Cash and cash equivalents	$	278,709
Accounts receivable		13,514
Due from related party		1,026
Prepaid expenses and other assets		20,742
Funds held in trust		169,082
Property and equipment		86,517
Intangible assets		5,780,000
		6,349,590
Accounts payable and accrued liabilities		538,792
Other liabilities		401,114
Deferred tax liabilities		1,260,369
Total liabilities assumed		2,200,275
Goodwill		9,989,685
Net assets acquired	$	14,139,000

Pro Forma Financial Information

	For the Year Ended December 31, 2016		For the Year Ended December 31, 2015
Total Revenues	$	6,091,401	$	4,372,688
Net loss		(1,011,764)		(2,199,739	)