Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Measurements

Schedule of table represents the liabilities measured and recognized at fair value on a recurring basis

			Quoted Prices in		Significant
			Active Markets for		Other		Significant
			Identical Assets		Observable		Unobservable
			and Liabilities		Inputs		Inputs
Description	Fair value		(Level 1)		(Level 2)		(Level 3)
As of March 31, 2020:
Contingent consideration	$	2,460,000	$	—	$	—	$	2,460,000
Derivative liabilities related to warrants	$	15,303	$	—	$	—	$	15,303
As of December 31, 2019:
Contingent consideration	$	2,430,000	$	—	$	—	$	2,430,000
Derivative liabilities related to warrants	$	5,623	$	—	$	—	$	5,623

Schedule of changes in fair value of contingent consideration

The following table presents the change in fair value of the contingent consideration for the three months ended March 31, 2020.

	Acquisition-
	related
	Contingent
	Consideration
Liabilities:
Balance at December 31, 2019	$	2,430,000
Change in fair value recorded in earnings		30,000
Balance at March 31, 2020	$	2,460,000