XML 57 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
6. Business Combinations (Details - Acquisition TD Holdings) - USD ($)
6 Months Ended 12 Months Ended
Jun. 20, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Consideration Paid:        
Cash and cash equivalents   $ 0 $ 3,500,000  
Financial liabilities:        
Goodwill   $ 8,800,761 $ 8,104,056 $ 0
TD Holdings Limited [Member]        
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      
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      
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      
Total identifiable assets acquired, liabilities assumed and goodwill 16,248,197      
TD Holdings Limited [Member] | Customer Relationships [Member]        
Identifiable intangible assets:        
Identifiable intangible assets 1,526,282      
TD Holdings Limited [Member] | Noncompete Agreements [Member]        
Identifiable intangible assets:        
Identifiable intangible assets 846,638      
TD Holdings Limited [Member] | Trade Names [Member]        
Identifiable intangible assets:        
Identifiable intangible assets $ 4,386,247