Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed The following summarizes the aggregate estimated fair values of the assets acquired and liabilities assumed during 2019 as of the acquisition date:
Property and equipment $ 173,521   
Operating lease right-of-use asset 1,283,608   
Intangible assets 1,999,469   
Total assets acquired 3,456,598   
Goodwill 925,315   
Deferred revenue (140,861)  
Operating lease liability - current portion (256,601)  
Operating lease liability - net of current portion (867,216)  
Deferred tax liability (11,410)  
Bargain purchase gain (19,298)  
Net purchase price $ 3,086,527   
Schedule of Unaudited Pro Forma Information
The following table summarizes selected unaudited pro forma consolidated statements of operations data for the years ended December 31, 2019 and 2018 as if the acquisition in 2019 had been completed on January 1, 2018.
Pro Forma for the Year Ended
December 31, 2019 December 31, 2018
Revenues, net $ 50,399,700    $ 39,774,609   
Net income (loss) $ 3,241,918    $ (77,662)