6. Business Combinations (Tables)

12 Months Ended

Dec. 31, 2017

TD Holdings Limited [Member]

Acquisition table

Consideration Paid:
Cash and cash equivalents	$	3,500,000
Common stock, 7,367,001 shares of Grom common stock (includes the 417,000 Letter of Intent shares)		4,240,000
Senior, secured promissory notes, net of discount of $309,049		4,190,951
Working capital adjustment payable to sellers		329,644
Contingent purchase consideration		3,987,602
Fair value of total consideration	$	16,248,197
Recognized amount of identifiable assets acquired, and liabilities assumed:
Financial assets:
Cash and cash equivalents	$	1,024,424
Accounts receivables		693,406
Inventory		350,769
Prepaid and other assets		148,079
Property and equipment		405,191
Deferred tax assets		180,735
Identifiable intangible assets:
Customer relationships		1,526,282
Non-compete agreements		846,638
Trade name		4,386,247
Financial liabilities:
Accounts payable and accrued liabilities		(465,247	)
Advance payments and deferred revenues		(697,752	)
Other noncurrent liabilities		(254,631	)
Total identifiable net assets		8,144,141
Goodwill		8,104,056
	$	16,248,197

NetSpective Webfilter [Member]

Acquisition table

Consideration Paid:
Cash and cash equivalents	$	–
Common stock, 41,700 shares paid with letter of intent		32,500
Senior, secured promissory notes		1,000,000
Financial liabilities assumed		521,735
Contingent purchase consideration		362,500
Fair value of total consideration	$	1,916,735

Recognized amount of identifiable assets acquired, and liabilities assumed:
Financial assets:
Intangible asset
Brand name		69,348
Software		1,134,435
Customer relationships		74,004
Financial liabilities:
Deferred revenues		(521,735	)
Writedown of purchase consideration		463,978
Goodwill		696,705
	$	1,916,735