Quarterly report pursuant to Section 13 or 15(d)

17. Fair Value Disclosures (Tables)

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17. Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Fair value of the liability measured at fair value on a recurring basis
    Level 1     Level 2     Level 3     Total  
As of March 31, 2017                        
Current liabilities:                        
Contingent purchase price liability     -       -     $ 912,212     $ 912,212  
Non-current liabilities:                                
Contingent purchase price liability     -       -     $ 1,315,811     $ 1,315,811  
Derivative liability (see note 12)     -       -     $ 376,321     $ 376,321  
As of December 31, 2016                                
Current liabilities:                                
Contingent purchase price liability     -       -     $ 546,488     $ 546,488  
Non-current liabilities:                                
Contingent purchase price liability     -       -     $ 890,811     $ 890,811  
Derivative liability (see note 12)     -       -     $ 348,650     $ 348,650  
Changes in the derivative liability
Balance at December 31, 2016   $ 348,650  
Change for the period:        
Change in fair value included in net loss     40,445  
Warrant exchange (see note 12)     (12,774 )
Balance at March 31, 2017   $ 376,321  

 

Balance at December 31, 2016   $ 1,437,299  
Change for the period:        
Acquired customer base     1,350,000  
Increase in amounts due from Technology Opportunity Group     (367,608 )
Payments made     (191,668 )
Balance at March 31, 2017   $ 2,228,023