FIN HOLDINGS ACQUISITION (Tables)

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Schedule of fair values of the assets and liabilities

The following table summarizes the total fair value of the consideration transferred as well as the fair values of the assets and liabilities assumed.

Common stock consideration	$	9,000,000
Liabilities assumed		914,218
Total purchase consideration		9,914,218
Current assets		(843,317	)
Property and equipment		(100,339	)
Customer relationships		(1,587,159	)
Intellectual property		(814,049	)
Goodwill	$	6,569,354

Schedule of pro forma financial information

The following unaudited proforma financial information gives effect to the Company’s acquisition of FIN as if the acquisition had occurred on January 1, 2015 and had been included in the Company’s consolidated statement of operations for the six months ended June 30, 2016 and June 30, 2015.

	Six months ended June 30
	2016		2015
Proforma net revenues	$	932,297	$	1,088,960
Proforma net income (loss)	$	6,852,278	$	(3,944,838	)