Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2016

Financial assets and liabilities measured at fair value on a recurring basis

The following table sets forth the Company's financial assets and liabilities measured at fair value on a recurring basis and the basis of measurement at March 31, 2016 and December 31, 2015:



	Fair Value Measurements as of March 31, 2016
	Total			Level 1	Level 2	Level 3
Liabilities:
Contingent consideration due to seller	$	(1,848,072	)	—	—	$	(1,848,072	)
Assets:
Contingent consideration due from seller	$	1,176,417		—	—	$	1,176,417



	Fair Value Measurements as of December 31, 2015
	Total			Level 1	Level 2	Level 3
Liabilities:
Contingent consideration due to seller	$	(4,086,697	)	—	—	$	(4,086,697	)

Reconciliation of the beginning and ending balances for the liabilities measured at fair value using significant unobservable inputs

The following table provides a reconciliation of the beginning and ending balances for the assets and liabilities measured at fair value using significant unobservable inputs (Level 3):



	Due from Seller Asset		Due to Seller Liability
Balance at December 31, 2015	$	—	$	(4,086,697	)
Change in fair value	—		152,382
Payment of contingent consideration	—		2,086,243
Command purchase price adjustment	1,176,417		—
Balance at March 31, 2016	$	1,176,417	$	(1,848,072	)