The Company (Tables)

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

Fair value of equity consideration, 4,685,164 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	)
Fixed assets & 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 consists of cash of $4,947,000; accounts receivable and contract assets of $3,934,000; other assets of $318,000; and accrued liabilities of $2,535,000.

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

Schedule of business acquisition, pro forma information

	Pro Forma (Unaudited) nine months ended September 30,
	2018			2017
Total revenues	$	17,185,956		$	14,570,015
Net loss	$	(11,401,488	)	$	(6,817,755	)
Net loss per common share, basic and diluted	$	(1.51	)	$	(3.71	)