Quarterly report pursuant to Section 13 or 15(d)

17. Fair Value Disclosures (Tables)

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17. Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2017                        
Current liabilities:                        
Contingent purchase price liability     -       -     $ 911,370     $ 911,370  
Non-current liabilities:                                
Contingent purchase price liability     -       -     $ 1,290,811     $ 1,290,811  
Derivative liability (see note 12)     -       -     $ 262,542     $ 262,542  
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 derivative liability and contingent purchase price liability

Changes in the derivative warrant liability for the six months ended June 30, 2017 are as follows:

 

Balance at December 31, 2016   $ 348,650  
Change for the period:        
Change in fair value included in net loss     (73,334 )
Warrant exchange (see note 12)     (12,774 )
Balance at June 30, 2017   $ 262,542  

 

Changes in the contingent purchase price liability for the six months ended June 30, 2017 are as follows:

 

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     (368,450 )
Payments made     (216,668 )
Balance at June 30, 2017   $ 2,202,181