Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price allocation of million was as follows:

Fair value of equity consideration, 506,423 common shares	$	9,792,000
Liability assumed: notes payable		158,000
Total purchase price consideration	$	9,950,000
Tangible assets
Net working capital (1)	$	6,664,000
Deferred revenue		(2,300,000	)
Property and equipment		376,000
Intangible assets (2)
Customer contracts		1,200,000
Trade name		600,000
Goodwill		3,410,000
Total allocation of purchase price consideration	$	9,950,000

(1) Net working capital consisted of cash of $4,947,000; accounts receivable and contract assets of $3,934,000; other assets of $317,000; accounts payable and accrued liabilities of $2,534,000.

(2) The useful lives related to the acquired customer relationships and trade name were expected to be approximately 10 years.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from weighted average diluted common shares outstanding because their inclusion would have been antidilutive.

	As of December 31,
	2019		2018
Common stock equivalents:
Common stock options		380,396		302,773
Series A, H-1, H-3, H-4, H-5, I, J, K and Merger common stock purchase warrants		4,300,560		863,084
Series H, H-3, H-4, H-5 Convertible Preferred Stock		3,900,354		1,796,251
Restricted shares (unvested)		-		244,643
Totals		8,581,310		3,206,751