Acquisition (Tables)

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Schedule of Assets Acquired of Purchase Price

The preliminary purchase price is allocated as follows:

Description	Amount
Assets
Cash	$	1,049,462
Account receivables		1,025,615
Inventories		1,209,203
Prepaids		88,366
Fixed assets		191,208
Right-of-use assets		2,350,781
Other assets		88,998
Liabilities
Account payables		(723,043	)
Accrued liabilities		(721,483	)
Operating lease liabilities		(2,350,781	)
Other long-term liabilities		(5,457	)
Net assets		2,202,869
Goodwill		4,723,110
Purchase Price	$	6,925,979

Schedule of Pro Forma Information

The following proforma combines the results of the Echo Entities and the Company’s results of operations for the three months ended June 30, 2019 and 2018 as if they were combined the whole quarter:

	Proforma Combined		Proforma Combined
	For the Three Months Ended		For the Three Months Ended
	June 30, 2019		June 30, 2018
		(unaudited)		(unaudited)
Revenue	$	23,169,924	$	24,325,768
Income from continuing operations	$	69,197	$	1,593,361
Net income	$	69,197	$	1,593,361
Basic net income per common share	$	-	$	0.06
Diluted net income per common share	$	-	$	0.06