Purchase Accounting (Tables)

12 Months Ended

Dec. 31, 2017

Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the Company’s determination of fair values of the assets acquired and the liabilities assumed as of the date of acquisition. As of December 31, 2017, the Company has determined that no impairment charges were necessary.

Consideration - issuance of securities and cash paid for fractional shares	$	7,007,069
Assets acquired and liabilities assumed:
Cash	$	1,058,276
Other assets		5,000
Accrued liabilities		(1,431,159	)
Goodwill		7,374,952
Total purchase price	$	7,007,069

Unaudited Pro Forma Operating Results

Unaudited pro forma operating results, assuming the Merger occurred as of January 1, 2016, are as follows:

	Years Ended December 31,
	2017			2016
Net loss	$	(17,733,252	)	$	(15,993,790	)
Net loss per share - basic and diluted	$	(2.73	)	$	(2.73	)