Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Acquisition (Tables)

v3.19.3
Note 2 - Acquisition (Tables)
 9 Months Ended
Sep. 30, 2019
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
Property and equipment
 
$
149,542
 
 
 
Operating lease right-of-use asset
 
 
1,219,244
 
 
 
Intangible assets
 
 
1,989,169
 
 
 
Total assets acquired
 
 
3,357,955
 
 
 
Goodwill
 
 
898,031
 
 
 
Deferred revenue
 
 
(123,254
)
 
 
Operating lease liability - current portion
 
 
(208,226
)
 
 
Operating lease liability - net of current portion
 
 
(858,161
)
 
 
Deferred tax liability
 
 
(11,410
)
 
 
Bargain purchase gain
 
 
(19,298
)
 
 
Net purchase price
 
$
3,035,637
 
 
Business Acquisition, Pro Forma Information [Table Text Block]
    Pro Forma for the Three Months Ended   Pro Forma for the Nine Months Ended
    September 30, 2019   September 30, 2018   September 30, 2019   September 30, 2018
Revenues, net   $
12,898,252
     $
9,950,098
     $
35,995,375
     $
28,876,720
  
Net income (loss)   $
596,980
     $
(266,524
 )   $
1,837,801
     $
(424,422
 )