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Acquisition (Tables)
12 Months Ended
Dec. 31, 2015
GraphicMail [Member]  
Business Acquisition [Line Items]  
Schedule of Components of Initial Purchase Price consideration

The following table presents the components of the initial purchase price consideration:

 

Cash consideration   $ 2,636,830  
Stock consideration     2,684,138  
Earn out liability     36,000  
Liabilities assumed     663,704  
Total purchase price   $ 6,020,672  

 

Schedule of Initial Allocation of Purchase Price to Acquired Net Tangible and Intangible Assets Acquired and Liabilities Assumed

The following represents the initial allocation of the purchase price to the acquired net tangible and intangible assets acquired and liabilities assumed of GraphicMail. These amounts are provisional and subject to finalization in future accounting periods.

 

Total purchase price   $ 6,020,672  
Less:        
Net tangible assets acquired     (730,276 )
Intangible assets acquired:        
Trade Name     (270,000 )
Developed Technologies     (2,030,000 )
Customer Relationships     (2,479,000 )
Total intangible assets     (4,779,000 )
Goodwill   $ 511,396  
Schedule of Pro-forma Consolidated Results of Operations

The following table summarizes selected unaudited pro forma consolidated statements of operations data for the year ended December 31, 2014 as if both of the acquisitions had been completed at the beginning of the year.

 

    Year Ended
December 31, 2014
 
       
Net revenues   $ 10,594,621  
Gross profit   $ 8,541,467  
Net income (loss)   $ (2,561,293 )
Net income (loss) per common share:        
Basic   $ (0.52 )
Diluted   $ (0.52 )
Sharp Spring LLC Asset Purchase Agreement [Member]  
Business Acquisition [Line Items]  
Schedule of Components of Initial Purchase Price consideration

 

The following table presents the components of the initial purchase price consideration:

 

Cash consideration   $ 5,000,000  
Earn out liability     6,963,000  
Liabilities assumed     149,841  
Total purchase price   $ 12,112,841  

 

Schedule of Initial Allocation of Purchase Price to Acquired Net Tangible and Intangible Assets Acquired and Liabilities Assumed

The following represents the initial allocation of the purchase price to the acquired net tangible and intangible assets acquired and liabilities assumed of SharpSpring:

 

Total purchase price   $ 12,112,841  
Less:        
Net tangible assets acquired     (135,614 )
Intangible assets acquired:        
Trade Name     (120,000 )
Developed Technologies     (2,130,000 )
Customer Relationships     (1,320,000 )
Total intangible assets     (3,570,000 )
Goodwill   $ 8,407,227