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Business Combination (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of preliminary allocation of the purchase price

The following represents the allocation of the purchase price (as adjusted for measurement period adjustments):

 

Total purchase price - fair value of common stock issued   $ 2,584,090  
Fair value of tangible assets acquired:        
Cash   $ 1,367,211  
Receivables     536,406  
Inventory     881,273  
Property and equipment     245,479  
Other assets     359,587  
Fair value of identifiable intangible assets acquired:        
Customer relationships     1,094,000  
Developed technology     458,000  
Trademarks and tradenames     461,000  
Fair value of goodwill     600,814  
Deferred tax liabilities, net     129,095  
Fair value of liabilities assumed     3,290,585  
    $ 2,584,090  

 

 

Schedule of unaudited pro forma financial information

The pro forma amounts do not purport to be indicative of the results that would have actually been obtained if the acquisition occurred as of January 1, 2014 or that may be obtained in the future:

 

    December 31,
Unaudited pro forma results   2015
Revenues   $ 5,231,844
Net loss   $ (20,751,552)
Net loss per share   $ (2.52)