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Acquisition (Tables)
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Summary of purchase price
Purchase price      
       
Cash   $ 100,000  
500,000 shares of common stock (1)     1,010,000  
Secured promissory note     1,000,000  
500,000 warrants (2)     992,958  
    $ 3,102,958  
         
Allocation of purchase price        
Property and equipment   $ 50,000  
Software     1,000,000  
Goodwill     2,052,958  
Purchase price   $ 3,102,958  

 

Summary of Pro Forma Financial Information

The unaudited pro forma information below present statement of operations data as if the acquisition of the ECS assets took place on January 1, 2017.

 

    Three Months Ended March 31,  
    2018     2017  
Sales   $ 13,192,736     $ 6,531,712  
Cost of goods sold     12,919,309       6,571,859  
Gross profit     273,427       (40,147 )
Operating expenses     14,237,155       421,255  
Loss from operations     (13,963,728 )     (461,402 )
Net loss     (14,163,024 )     (462,407 )
Loss per share     (0.16 )     (0.02 )