Business Acquisition (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisition Assets and Liabilities

The following allocation of the purchase price is as follows:

Consideration given:
338,212 shares of common stock valued at $6.10 per share	$	2,080,004
Cash		2,003,200
Notes payable		761,678
Total value of acquisition	$	4,844,882
Assets and liabilities acquired:
Cash	$	553,283
Trade receivables, net		625,717
Inventories, net		154,824
Prepaid expenses and current assets		250
Property and equipment, net		1,839,486
Right-of-use assets		232,884
Intangible assets - customer list		2,895,318
Other assets		26,600
Accounts payable		(231,613	)
Accrued liabilities		(74,389	)
Deferred revenue		(52,000	)
Lease liabilities		(256,375	)
Notes payable		(869,103	)
Total	$	4,844,882

Schedule of Pro Forma Financial Information

The following unaudited pro forma consolidated results of operations for the three months ended March 31, 2019 and 2018 assume the acquisition was completed on January 1, 2018:

	Three Months Ended March 31,
	2019			2018
Pro forma sales	$	3,897,978		$	2,447,480
Pro forma net loss		(2,924,208	)		(1,313,032	)
Pro forma basic and diluted net loss per share	$	(0.32	)	$	(0.25	)