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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 8,651,374 $ 4,158,646
Accounts receivable, net of allowance for doubtful accounts of $508,288 and $23,582 at December 31, 2016 and 2015, respectively 1,261,923 794,123
Deferred income taxes 16,645
Income taxes receivable 1,355,180 793,189
Other current assets 1,396,642 205,143
Assets held for sale 45,697
Total current assets 12,665,119 6,013,443
Property and equipment, net 905,345 565,481
Goodwill 8,845,394 8,881,933
Other intangible assets, net 2,850,635 5,518,305
Deposits and other 30,464 11,280
Deferred income taxes 32,996
Assets held for sale 251,565
Total assets 25,329,953 21,242,007
Liabilities and Shareholders' Equity    
Accounts payable 498,534 609,454
Accrued expenses and other current liabilities 953,171 1,098,790
Deferred revenue 280,159 525,217
Current portion of earn out liabilities 5,191,116
Income taxes payable 484,349 36,469
Deferred income taxes 7,598
Liabilities held for sale 369,941
Total current liabilities 2,216,213 7,838,585
Deferred income taxes 195,495
Total liabilities 2,411,708 7,838,585
Shareholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding at December 31, 2016 and December 31, 2015
Common stock, $0.001 par value, Authorized shares-50,000,000; issued shares-8,380,663 at December 31, 2016 and 7,233,035 at December 31, 2015; outstanding shares-8,360,663 at December 31, 2016 and 7,233,035 at December 31, 2015 8,381 7,233
Additional paid in capital 27,556,398 22,607,290
Accumulated other comprehensive income (loss) (445,055) (142,613)
Accumulated deficit (4,117,479) (9,068,488)
Treasury stock (84,000)
Total shareholders' equity 22,918,245 13,403,422
Total liabilities and shareholders' equity $ 25,329,953 $ 21,242,007