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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of estimated lives of property and equipment

Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives as follows:

 

Furniture 7 years
Computers and equipment 3 years
POSA machines 3 years
Schedule of Fair Value Measurements

At September 30, 2019 and December 31, 2018, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:

 

   Fair Value  Fair Value Measurements at
   As of  September 30, 2019
Description  September 30, 2019  Using Fair Value Hierarchy
      Level 1  Level 2  Level 3
Marketable equity security - Surge Holdings, Inc.  $1,050,000   $—     $1,050,000   $—   
                     
Conversion feature on convertible notes  $20,905,848   $—     $20,905,848   $—   

  

   Fair Value  Fair Value Measurements at
   As of  December 31, 2018
Description  December 31, 2018  Using Fair Value Hierarchy
      Level 1  Level 2  Level 3
Marketable equity security - Mobiquity Technologies, Inc.  $18,200,000   $—     $18,200,000   $—   
                     
Conversion feature on convertible notes  $3,833,506   $—     $3,833,506   $—   
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially-dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

 

   September 30,  September 30,
   2019  2018
Series B preferred stock   30    30 
Series C preferred stock   8    8 
Series G preferred stock   —      20,000 
Series H preferred stock   1,100,000    —   
Warrants   25,774,167    419,167 
Convertible notes   7,887,955    43,166 
Total   34,762,160    482,371