Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair value on Recurring Basic

The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2019:

	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
At September 30, 2019:
Total contingent consideration liability	$	-	$	-	$	349,000	$	349,000

The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2018:

	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
At December 31, 2018:
Total contingent consideration liability	$	-	$	-	$	499,000	$	499,000

Schedule of Change in Fair Value of Contingent Consideration Liability Using Unobservable Level 3 Inputs

The following table summarizes the change in fair value, as determined by Level 3 inputs, for the contingent consideration liability using unobservable Level 3 inputs for the nine months ended September 30, 2019:

	Contingent Consideration
Balance as of December 31, 2018	$	499,000
Payments against contingent consideration		(78,000	)
Change in fair value of contingent consideration liability		(113,000	)
Accretion of contingent consideration liability		41,000
Balance as of September 30, 2019	$	349,000