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
 )