Quarterly report pursuant to Section 13 or 15(d)

6. Acquisition (Tables)

v3.5.0.2
6. Acquisition (Tables)
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Purchase price allocated to the fair value of the net assets

The aggregate purchase price has been allocated to the fair value of the assets acquired and liabilities assumed as follows:

 

 

Covenant not to compete   $ 8,000  
Customer contracts/relationships     99,000  
Proprietary technology     889,000  
Accounts receivable     80,845  
Prepaid asset     5,535  
Line of credit     (100,000 )
Deferred liability     (693,590 )
Goodwill     1,000,097  
Purchase price   $ 1,288,887