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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Tangible Assets Acquired and Liabilities

Based upon these factors, the Company concluded that the occurrence of a bargain purchase was reasonable.

 

Purchase Consideration        
         
Amount of consideration:   $ 16,000,000  
         
Tangible assets acquired and liabilities assumed at fair value        
Accounts receivable   $ 7,129,000  
Inventories     15,232,000  
Property and equipment     3,868,000  
Prepaid expenses     944,000  
Accounts payable     (2,294,000 )
Customer deposits     (1,137,000 )
Accrued expenses     (451,000 )
Net tangible assets acquired   $ 23,291,000  
         
Identifiable intangible assets        
Trade names and technology   $ 1,100,000  
Customer relationships     2,520,000  
Total Identifiable Intangible Assets   $ 3,620,000  
         
Total net assets acquired   $ 26,911,000  
Consideration     16,000,000  
Gain on bargain purchase   $ 10,911,000  

Schedule of Pro-Forma Information

The following presents the unaudited pro-forma combined results of operations as if the entities were combined on January 1, 2017:

 

    For the Year Ended  
    December 31, 2017  
Revenues, net   $ 49,118  
Net loss allocable to common shareholders   $ (25.810 )
Net loss per share   $ (2.13 )
Weighted average number of shares outstanding     12,138