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Business Combination (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Pro Forma Results

The following unaudited pro forma financial information presents results as if the acquisition of SMS Masterminds and the TechXpress Web business had occurred on January 1, 2013 (in thousands):

    Year Ended December 31,
(Unaudited)   2014     2013
               
Total revenue   $ 5,862     $ 4,964
Net income (loss)   $           (12,107)     $             (13,164)
SMS [Member]  
Schedule of consideration paid

The fair value of the total consideration at the date of acquisition is as follows:

  

Consideration Paid      
       Cash Paid and to be paid - to sellers   $ 1,400,000  
       5,250,000 Common Stock issued to SMS     3,313,598  
       Fair value of earn-out payment     607,798  
Total Consideration Paid   $ 5,321,396  
Schedule of Preliminary Acquisition Consideration

The final allocation of the total consideration to the fair value of the assets acquired and liabilities assumed as of the date of the acquisition is as follows:

 

Accounts receivable, net   $ 318,708  
Identifiable intangible assets     3,242,900  
Goodwill     2,458,375  
Total assets     6,019,983  
         
Accounts payable and accrued expenses     222,268  
Deferred Revenue     249,797  
Long-term liabilities (SBA loan)     226,522  
Total liabilities     698,587  
Net assets acquired   $ 5,321,396  
TechXpress Web[Member]  
Schedule of consideration paid

The preliminary fair value assigned to the total consideration is as follows:

 

Consideration Paid:      
Cash consideration   $ 454,641  
596,315 common stock issued to TechXpress     438,518  
Total consideration paid   $ 893,159  
Schedule of Preliminary Acquisition Consideration

The final allocation of the total consideration to the fair value of the assets acquired as of the date of the acquisition is as follows:

 

Accounts receivable, net   $ 5,758  
Identifiable intangible assets     143,500  
Goodwill     743,901  
Net assets acquired   $ 893,159