Annual report pursuant to Section 13 and 15(d)

Note 2 - Acquisitions (Tables)

v3.7.0.1
Note 2 - Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Property and equipment   $
293,014
 
Intangible assets    
339,000
 
Favorable leases    
140,728
 
Goodwill    
269,780
 
Total assets acquired    
1,042,522
 
Deferred membership revenue    
(45,072
)
Net purchase price   $
997,450
 
Property and equipment   $
1,450,333
 
Intangible assets    
1,947,000
 
Favorable leases    
528,075
 
Goodwill    
1,899,449
 
Total assets acquired    
5,824,857
 
Unfavorable leases    
(74,927
)
Deferred membership revenue    
(106,908
)
Net assets acquired    
5,643,022
 
Deferred tax liability    
(168,000
)
Bargain purchase gain    
(261,147
)
Net purchase price   $
5,213,875
 
Business Acquisition, Pro Forma Information [Table Text Block]
    Pro Forma for the Year Ended
    December 31, 2016   December 31, 2015
Revenues, net   $
20,985,277
    $
16,375,930
 
Net loss   $
(15,483,492
)   $
(10,187,416
)