10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________

FORM 10-K/A

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2016	Commission file number 000-26460

AMERI Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware	95-4484725
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
100 Canal Pointe Boulevard, Suite 108, Princeton, New Jersey	08540
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: 732-243-9250

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange On Which Registered
N/A	N/A

Securities registered pursuant to Section 12(g) of the Act:

Common Stock, $0.01 par value per share

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act.  Yes ☐  No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐  No ☒

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days.  Yes ☒  No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes ☒  No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐  No ☒

The aggregate market value of the voting and non-voting equity held by non-affiliates of the registrant as of June 30, 2016 (the last business day of the registrant's most recently completed second fiscal quarter) was $19,980,088 based on the closing bid price of the registrant's common stock of $6.51 per share on that date. All executive officers and directors of the registrant and all 10% or greater stockholders have been deemed, solely for the purpose of the foregoing calculation, to be "affiliates" of the registrant.

As of March 20, 2017, 14,579,417shares of the registrant's common stock were issued and outstanding.

Documents Incorporated by Reference: None

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to AMERI Holdings, Inc.'s  Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed with the Securities and Exchange Commission on March 31, 2017 (the "Form 10-K"), is solely to furnish Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the consolidated financial statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

PART IV

ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES

Exhibit	Description
2.1	Agreement of Merger and Plan of Reorganization, dated as of May 26, 2015, among Spatializer Audio Laboratories, Inc., Ameri100 Acquisition, Inc. and Ameri and Partners Inc. (filed as Exhibit 2.1 to AMERI Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on May 26, 2015 and incorporated herein by reference).
2.2	Stock Purchase Agreement by and between Ameri Holdings, Inc. and the shareholders of Ameri Consulting Service Private Limited. (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
2.3	Share Purchase Agreement, dated as of November 20, 2015, by and among Ameri Holdings, Inc., Bellsoft, Inc., and all of the shareholders of Bellsoft, Inc. (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on November 23, 2015 and incorporated herein by reference).
2.4	Agreement of Merger and Plan of Reorganization, dated as of July 22, 2016, by and among Ameri Holdings, Inc., Virtuoso Acquisition Inc., Ameri100 Virtuoso Inc., Virtuoso, L.L.C. and the sole member of Virtuoso, L.L.C. (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on July 27, 2016 and incorporated herein by reference).
2.5	Membership Interest Purchase Agreement, dated as of July 29, 2016, by and among Ameri Holdings, Inc., DC&M Partners, L.L.C., all of the members of DCM, Giri Devanur and Srinidhi "Dev" Devanur (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on August 1, 2016 and incorporated herein by reference).
2.6	Share Purchase Agreement, dated as of March 10, 2017, by and among Ameri Holdings, Inc., ATCG Technology Solutions, Inc., all of the stockholders of ATCG, and the Stockholders' representative (filed as Exhibit 2.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 13, 2017 and incorporated herein by reference).
3.1	Amended and Restated Certificate of Incorporation of Ameri Holdings, Inc. (filed as Exhibit 3.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 23, 2016 and incorporated herein by reference).
3.2	Certificate of Designation of Rights and Preferences of 9.00% Series A Cumulative Preferred Stock (filed as Exhibit 3.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on January 4, 2017 and incorporated herein by reference).
3.3	Amended and Restated Bylaws of Ameri Holdings, Inc. (filed as Exhibit 3.2 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 23, 2016 and incorporated herein by reference).
4.1	Form of Certificate Representing Shares of common stock of Registrant (filed as Exhibit 4.1 to Ameri Holdings, Inc.'s Registration Statement on Form S-8 filed with the SEC on December 17, 2015 and incorporated herein by reference).
4.2	Form of common stock Purchase Warrant issued by Ameri Holdings, Inc. to Lone Star Value Investors, LP, dated May 26, 2015 (filed as Exhibit 4.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
4.3	common stock Purchase Warrant, dated May 12, 2016, issued by Ameri Holdings, Inc. to Lone Star Value Investors, LP, dated May 12, 2016 (filed as Exhibit 4.3 to Ameri Holdings, Inc.'s Quarterly Report on Form 10-Q filed with the SEC on May 16, 2016 and incorporated herein by reference).
4.4	Amended and Restated Registration Rights Agreement, dated May 12, 2016, by and between Ameri Holdings, Inc. and Lone Star Value Investors, LP (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Quarterly Report on Form 10-Q filed with the SEC on May 16, 2016 and incorporated herein by reference).
4.5	Form of 8% Convertible Unsecured Promissory Note due March 2020 (filed as Exhibit 10.2 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).
4.6	Form of Registration Rights Agreement for 2017 Notes Investors (filed as Exhibit 10.3 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).
4.7	Form of 6% Unsecured Promissory Note (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 13, 2017 and incorporated herein by reference).

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10.1	Securities Purchase Agreement, dated as of May 26, 2015, by and between Ameri Holdings, Inc. and Lone Star Value Investors, LP. (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.2	Employment Agreement, dated as of May 26, 2015, between Giri Devanur and Ameri Holdings, Inc. (filed as Exhibit 10.4 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.3	Employment Agreement, dated as of May 26, 2015, between Srinidhi "Dev" Devanur and Ameri Holdings, Inc. (filed as Exhibit 10.5 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.4	Form of Indemnification Agreement. (filed as Exhibit 10.6 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.5	Form of Option Grant Letter. (filed as Exhibit 10.7 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.6	2015 Equity Incentive Award Plan. (filed as Exhibit 10.8 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on June 1, 2015 and incorporated herein by reference).
10.7	Form of Restricted Stock Unit Agreement (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Quarterly Report on Form 8-K filed with the SEC on November 23, 2015 and incorporated herein by reference).
10.8	Securities Purchase Agreement, dated as of April 20, 2016, by and between Ameri Holdings, Inc. and Dhruwa N. Rai (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on April 21, 2016 and incorporated herein by reference).
10.9	Loan and Security Agreement, dated as of July 1, 2016, by and among Ameri and Partners Inc, BellSoft, Inc., Ameri Holdings, Inc., Linear Logics, Corp., Winhire Inc, Giri Devanur, the lenders which become a party to the Loan and Security Agreement, and Sterling National Bank, N.A. (a lender and as agent for the lenders) (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on July 7, 2016 and incorporated herein by reference).
10.1	Exchange Agreement, dated as of December 30, 2016, between Ameri Holdings, Inc. and Lone Star Value Investors, LP (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on January 4, 2017 and incorporated herein by reference).
10.11	Form of Securities Purchase Agreement for 2017 Notes Investors (filed as Exhibit 10.1 to Ameri Holdings, Inc.'s Current Report on Form 8-K filed with the SEC on March 8, 2017 and incorporated herein by reference).
21.1	List of Subsidiaries.
23.1	Consent of Ram Associates, CPA.
31.1	Section 302 Certification of Principal Executive Officer
31.2	Section 302 Certification of Principal Financial and Accounting Officer
32.1	Section 906 Certification of Principal Executive Officer
32.2	Section 906 Certification of Principal Financial and Accounting Officer
101	The following materials from Ameri Holdings, Inc.'s Annual Report on Form 10-K for the twelve months ended December 31, 2016 are formatted in XBRL (eXtensible Business Reporting Language):  (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statement of Stockholders' Equity (Deficit), (iv) the Consolidated Statements of Cash Flow, and (iv) Notes to the Consolidated Financial Statements.

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SIGNATURES

Pursuant to the requirements of the Section 13 or 15 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 3rd day of April 2017.

..

AMERI Holdings, Inc.
By:	/s/ Giri Devanur
	Giri Devanur
	President and Chief Executive Officer (Principal Executive Officer)
By:	/s/ Carlos Fernandez
	Carlos Fernandez
	Executive Vice President –Corporate Development and Interim Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Jeffrey E. Eberwein*	Chairman of the Board and Director	April 3, 2017
Jeffrey E. Eberwein
/s/ Srinidhi Devanur*	Executive Vice Chairman of the Board and Director	April 3, 2017
Srinidhi Devanur
/s/ Giri Devanur	President and Chief Executive Officer	April 3, 2017
Giri Devanur
/s/ Carlos Fernandez	Executive Vice President – Corporate Development and	April 3, 2017
Carlos Fernandez	Interim Chief Financial Officer
/s/ Dimitrios J. Angelis*	Director	April 3, 2017
Dimitrios J. Angelis
/s/ Dr. Arthur M. Langer*	Director	April 3, 2017
Dr. Arthur M. Langer
/s/ Robert G. Pearse*	Director	April 3, 2017
Robert G. Pearse
/s/ Venkatraman Balakrishnan*	Director	April 3, 2017
Venkatraman Balakrishnan
/s/ Dhruwa N. Rai*	Director	April 3, 2017
Dhruwa N. Rai
*By: /s/ Giri Devanur		April 3, 2017
Giri Devanur
Attorney-in-Fact

- 4 -

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Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 20, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	AMERI Holdings, Inc.
Entity Central Index Key	0000890821
Document Type	10-K/A
Document Period End Date	Dec. 31, 2016
Amendment Flag	true
Amendment Description	Adding XBRL to the 10-K filing
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,579,417
Public Float			$ 19,980,088
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2016

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AUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 1,379,887	$ 1,878,034
Accounts receivable	8,059,910	4,872,082
Investments	82,908	82,908
Other current assets	542,237	343,809
Total current assets	10,064,942	7,176,833
Other assets:
Property and equipment, net	100,241	73,066
Intangible assets - net	8,764,704	3,114,513
Acquired goodwill	17,089,076	3,470,522
Deferred income tax assets, net	3,488,960
Total other assets	29,442,981	6,658,101
Total Assets	39,507,923	13,834,934
Current Liabilities:
Line of credit	3,088,890	1,235,935
Accounts payable	5,130,817	2,597,385
Other accrued expenses	2,165,088	1,093,814
Current Portion - Long Term Notes	405,376
Consideration payable - Cash	1,854,397	3,649,267
Consideration payable - Equity	64,384
Total current liabilities	12,708,952	8,576,401
Long-term liabilities:
Convertible notes		5,000,000
Long-term notes - Net of Current Portion	1,536,191
Long-term consideration payable - Cash	2,711,717
Long-term consideration payable - Equity	10,887,360
Total Long-term Liabilities	15,135,268	5,000,000
Total liabilities	27,844,220	13,576,401
Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 authorized, 363,611 issued and outstanding as of December 31, 2016, and none outstanding as of December 31, 2015	3,636
Common stock, $0.01 par value; 100,000,000 shares authorized, 13,885,972 and 11,874,361 issued and outstanding as of December 31, 2016, and December 31, 2015, respectively	138,860	118,743
Additional paid-In capital	15,358,839	1,192,692
Accumulated deficit	(3,833,588)	(1,052,902)
Accumulated other comprehensive income (loss)	(7,426)
Non-Controlling Interest	3,382
Total stockholders' equity	11,663,703	258,533
Total liabilities and stockholders' equity	$ 39,507,923	$ 13,834,934

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AUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	363,611	0
Preferred stock, outstanding shares	363,611	0
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	100,000,000	100,000,000
Common stock, issued shares	13,885,972	11,874,361
Common stock, outstanding shares	13,885,972	11,874,361

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AUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Net revenue	$ 36,145,589	$ 20,261,172
Cost of revenue	29,608,932	13,391,504
Gross profit	6,536,657	6,869,668
Operating expenses:
Selling and marketing	417,249	119,847
General and administration	8,552,966	5,721,633
Nonrecurring expenditures	1,585,136	1,655,962
Depreciation and amortization	1,361,169	166,208
Operating expenses	11,916,520	7,663,650
Operating income (loss):	(5,379,863)	(793,982)
Interest expense	(751,074)	(238,471)
Interest income/other income		89,918
Other income	16,604
Change due to estimate correction	(410,817)
Total other income (expenses)	(1,145,287)	(148,553)
Net income (loss) before income taxes	(6,525,150)	(942,535)
Income tax benefit (provision)	3,747,846	128,460
Net income (loss)	(2,777,304)	(814,075)
Non-controlling interest	(3,382)
Net income (loss) attributable to the Company	(2,780,686)	(814,075)
Foreign exchange translation adjustment	(7,426)
Comprehensive income (loss)	$ (2,788,112)	$ (814,075)
Basic income (loss) per share	$ (0.21)	$ (0.07)
Diluted income (loss) per share	$ (0.21)	$ (0.07)
Basic weighted average number of shares	13,068,597	11,101,198
Diluted weighted average number of shares	13,068,597	11,101,198

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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Preferred Stock	Additional Paid-In Capital	Other Comprehensive Income	Accumulated deficit	Noncontrolling Interest	Total
Begnning Balance, Shares at Mar. 31, 2015	9,992,828
Begnning Balance, Amount at Mar. 31, 2015	$ 99,928		$ 35,072		$ 837,856		$ 972,856
Issuance of capital for services - shares	566,487
Issuance of capital for services - amount	$ 5,665		49,460				55,125
Issuance of capital for board services - shares	203,935
Issuance of capital for board services -amount	$ 2,039						2,039
Recapitalization - shares	875,816
Recapitalization - amount	$ 8,758		(31,401)				(22,643)
Issuance of shares for acquisition - shares	235,295
Issuance of shares for acquisition - amount	$ 2,353		997,651				1,000,004
Stock, Option, RSU and Warrant Expense			141,910				141,910
Net loss					(1,890,758)		(1,890,758)
Ending Balance, Shares at Dec. 31, 2015	11,874,361
Ending Balance, Amount at Dec. 31, 2015	$ 118,743		1,192,692		(1,052,902)		258,533
Common stock issued - Shares	500,000
Common stock issued- amount	$ 5,000		2,995,000				3,000,000
Conversion of notes into preferred shares - shares		363,611
Conversion of notes into preferred shares - amount		$ 3,636	5,121,364				5,125,000
Conversion of warrants into common shares - shares	1,111,111
Conversion of warrants into common shares - amiunt	$ 11,111		1,988,889				2,000,000
Issuance of shares for acquisition - shares	400,500
Issuance of shares for acquisition - amount	$ 4,006		2,603,247				2,607,253
Stock, Option, RSU and Warrant Expense			1,457,647				1,457,647
Non-Controlling Interests Net Income						$ 3,382	3,382
Accumulated other comprehensive income (loss)				$ (7,426)			(7,426)
Net loss					(2,780,686)		(2,780,686)
Ending Balance, Shares at Dec. 31, 2016	13,885,972	363,611
Ending Balance, Amount at Dec. 31, 2016	$ 138,860	$ 3,636	$ 15,358,839	$ (7,426)	$ (3,833,588)	$ 3,382	$ 11,663,703

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AUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income/(loss)	$ (2,780,686)	$ (814,075)
Adjustment to reconcile income/(loss) to net cash used in operating activities
Depreciation and amortization	1,361,169	166,284
Provision for doubtful debts/ (written back), net		410,712
Accrued interest on convertible notes	125,000
Change due to estimate correction	410,817
Stock, option, restricted stock unit and warrant expense	1,457,647	141,910
Deferred income taxes, net	(3,488,960)
Foreign exchange translation adjustment	(7,426)
Changes in assets and liabilities:
Accounts receivable	(3,187,828)	(3,548,324)
Other current assets	(198,428)	(169,549)
Increase (decrease) in:
Accounts payable and accrued expenses	3,604,706	(89,586)
Net cash used in operating activities	(2,703,989)	(3,902,628)
Cash flows from investing activities:
Purchase of intangible and fixed assets	(3,688,996)	(70,782)
Acquisition consideration payable	(2,903,066)	(1,765,549)
Net cash used in investing activities	(6,592,062)	(1,836,331)
Cash flows from financing activities:
Proceeds from loan funds	3,794,522	6,235,935
Non-Controlling Interests net income	3,382
Additional stock issued	5,000,000
Net cash provided by financing activities	8,797,904	6,235,935
Net increase (decrease) in cash and cash equivalents	(498,147)	496,976
Cash and cash equivalents as at beginning of the year	1,878,034	1,381,058
Cash at the end of the year	1,379,887	1,878,034
SUPPLEMENTAL DISCLOSURES:
Cash paid during the period for Interest	362,792	238,471
Cash paid during the period for Income taxes

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1 ORGANIZATION

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION

NOTE 1.            ORGANIZATION:

AMERI Holdings, Inc. ("AMERI", the "Company", "we" or "our") is a fast-growing company that, through the operations of its twelve subsidiaries, provides SAP^TM cloud and digital enterprise services to clients worldwide. Headquartered in Princeton, New Jersey, we typically go to market both vertically by industry and horizontally by product/technology specialties and provide our customers with a wide range of business and technology offerings. We work with customers, primarily within North America, to improve process, reduce costs and increase revenue through the judicious use of technology.

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2 BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

NOTE 2.            BASIS OF PRESENTATION:

The accompanying audited condensed consolidated financial statements have been prepared by AMERI pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") regarding annual financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to ensure the information presented is not misleading.

The accompanying audited condensed consolidated financial statements reflect all adjustments (which were of a normal, recurring nature) that, in the opinion of management, are necessary to present fairly our financial position, results of operations and cash flows as of and for the interim periods presented. All intercompany transactions have been eliminated in the accompanying audited condensed consolidated financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto.

Our comprehensive income (loss) consists of net income (loss) plus or minus any periodic currency translation adjustments.

The Company's year-end is December 31. Ameri and Partners Inc, the Company's wholly-owned operating subsidiary that was the accounting acquirer in connection with the Company's May 2015 reverse merger, changed its fiscal year end from March 31 to December 31 pursuant to the merger, so that all of the Company's subsidiaries' year-ends are consistent with the year-end of the Company.

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3 BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

BUSINESS COMBINATIONS

NOTE 3.            BUSINESS COMBINATIONS:

Acquisition of DC&M

On July 29, 2016, we acquired 100% of the membership interests of DC&M Partners, L.L.C. ("DCM"), an Arizona limited liability company, pursuant to the terms of a Membership Interest Purchase Agreement by and among us, DCM, all of the members of DCM, Giri Devanur and Srinidhi "Dev" Devanur, our President and Chief Executive Officer and Executive Vice Chairman, respectively. DCM is a SAP consulting company headquartered in Chandler, Arizona. DCM provides its clients with a wide range of information technology development, consultancy and management services with an emphasis on the design, build and rollout of SAP implementations and related products. DCM is also a SAP-certified software partner, having launched its SAP reporting, extraction and distribution tool called "IRIS". DCM services clients in diverse industries, including retail, apparel/footwear, third-party logistics providers, chemicals, consumer goods, energy, high-tech electronics, media/entertainment and aerospace.

The purchase price for the acquisition of DCM consisted of:

(a) A cash payment in the amount of $3,000,000 at closing;

(b) 1,600,000 shares of our common stock, which are to be issued on July 29, 2018 or upon a change of control of our company (whichever occurs earlier); and,

(c) Earn-out payments of $1,500,000 payable in cash each year to be paid, if earned, in 2017 and 2018. The valuation of DCM was made on the basis of its projected revenues.

This acquisition has been capitalized by creating an intangible asset of $5,400,000, taking into consideration projected revenue from an acquired list of customers over a period of three years. The amount of consideration paid in excess of the intangible asset has been capitalized as goodwill.

Acquisition of Virtuoso

On July 22, 2016, AMERI, through its wholly-owned acquisition subsidiaries, acquired all of the outstanding membership interests of Virtuoso, L.L.C. ("Virtuoso"), a Kansas limited liability company, pursuant to the terms of an Agreement of Merger and Plan of Reorganization, by and among us, Virtuoso Acquisition Inc., Ameri100 Virtuoso Inc., Virtuoso and the sole member of Virtuoso (the "Sole Member"). Virtuoso is a SAP consulting firm specialized in providing services on SAP S/4 HANA finance, enterprise mobility and cloud migration and is based in Leawood, Kansas. In connection with the merger, Virtuoso's name was changed to Ameri100 Virtuoso Inc. The Virtuoso acquisition did not constitute a significant acquisition for the Company.

The purchase price paid to the Sole Member for the acquisition of Virtuoso consisted of:

(a) A cash payment in the amount of $675,000 which was due within 90 days of closing and was paid on October 21, 2016;

(b) $659,138, or 101,250 shares of the Company's common stock at closing at a market price of $6.51 per share, on July 22, 2016; and,

(c) Earn-out payments in cash and stock of $450,000 and approximately $560,807, respectively, to be paid, if earned, in 2017, 2018 and 2019. The valuation of Virtuoso was made on the basis of its projected revenues.

This acquisition has been capitalized by creating an intangible asset of $900,000, taking into consideration projected revenue from an acquired list of customers over a period of three years. The amount of consideration paid in excess of the intangible asset has been capitalized as goodwill.

Acquisition of Bigtech Software Private Limited

The Company acquired Bigtech Software Private Limited ("Bigtech"), a pure-play SAP services company providing a complete range of SAP services including turnkey implementations, application management, training and basis ABAP support. Based in Bangalore, India, Bigtech offers SAP services to bring effectiveness in business operations to companies of all sizes and verticals. The acquisition of Bigtech was effective as of July 1, 2016, and the consideration paid for the acquisition consisted of;

(a) A cash payment in the amount of $340,000 which was due within 90 days of closing and was paid on September 22, 2016;

(b) Warrants for the purchase of 51,000 shares of our common stock, with such warrants exercisable for two years; and,

(c) $255,000, which may become payable in cash as a commission to the sellers of Bigtech if Bigtech achieves certain revenue targets.

Bigtech's financial results are included in our condensed consolidated financial results starting July 1, 2016. The Bigtech acquisition did not constitute a significant acquisition for the Company. The valuation of Bigtech was made on the basis of its projected revenues.

This acquisition has been capitalized by creating an intangible asset of $590,000, taking into consideration projected revenue from an acquired list of customers over a period of three years. The amount of consideration paid in excess of the intangible asset has been capitalized as goodwill.

Acquisition of Bellsoft, Inc.

On November 20, 2015, we completed the acquisition of Bellsoft, Inc., a consulting company based in Lawrenceville, Georgia with over 175 consultants specialized in the areas of SAP software, business intelligence, data warehousing and other enterprise resource planning services. On August 29, 2016, the name of Bellsoft, Inc. was changed to Ameri100 Georgia Inc. ("Ameri Georgia"). Ameri Georgia has operations in the United States, Canada and India. For financial accounting purposes, we recognized September 1, 2015 as the effective date of the acquisition. The consideration for the acquisition of Ameri Georgia consisted of;

(a)	A cash payment in the amount of $3,000,000, which was paid at closing;
(b)	235,295 shares of our common stock issued at closing;
(c)	$250,000 quarterly cash payments to be paid on the last day of each calendar quarter of 2016;
(d)	A $1,000,000 cash reimbursement to be paid 5 days following closing to compensate Ameri Georgia for a portion of its approximate cash balance as of September 1, 2015;
(e)	Approximately $2,910,817 paid within 30 days of closing in connection with the excess of Ameri Georgia's accounts receivable over its accounts payable as of September 1, 2015; and
(f)	Earn-out payments of approximately $500,000 a year for 2016 and 2017, if earned through the achievement of annual revenue and EBITDA targets specified in the purchase agreement, subject to downward or upward adjustment depending on actual results.

 The valuation of Ameri Georgia was made on the basis of its projected revenues. The accounting acquisition date for Ameri Georgia was determined on the basis of the date when the Company acquired control of Ameri Georgia, in accordance with FASB codification ASU 805-10-25-6 for business combinations. That ASU provides that the date on which the acquirer obtains control of the acquiree generally is the date on which the acquirer legally transfers the consideration, acquires the assets, and assumes the liabilities of the acquiree—the closing date. However, the acquirer might obtain control on a date that is either earlier or later than the closing date. For example, the acquisition date precedes the closing date if a written agreement provides that the acquirer obtains control of the acquiree on a date before the closing date. An acquirer shall consider all pertinent facts and circumstances in identifying the acquisition date.  The term sheet and the Share Purchase Agreement that were entered into by the Company and Ameri Georgia contained agreements by the parties that the Company acquired control of Ameri Georgia's accounts payable, accounts receivable and business decisions as of September 1, 2015. In addition, on that date, the Company became responsible for performance of Ameri Georgia's existing contracts. Accordingly, the Company has recognized September 1, 2015 as the accounting acquisition date.

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4 REVENUE RECOGNITION

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

REVENUE RECOGNITION

NOTE 4.            REVENUE RECOGNITION:

The Company recognizes revenue primarily through the provision of consulting services. We generate revenue by providing consulting services under written service contracts with our customers. The service contracts we enter generally fall into two categories: (1) time-and-materials contracts and (2) fixed-price contracts.

We consider amounts to be earned once evidence of an arrangement has been obtained, services are delivered, fees are fixed or determinable and collectability is reasonably assured. We establish billing terms at the time at which the project deliverables and milestones are agreed. Our standard payment terms are 60 days from invoice date.

When a customer enters into a time-and-materials or fixed-price (or a periodic retainer-based) contract, the Company recognizes revenue in accordance with its evaluation of the deliverables in each contract. If the deliverables represent separate units of accounting, the Company then measures and allocates the consideration from the arrangement to the separate units, based on vendor specific objective evidence of the value for each deliverable.

The revenue under time and materials contracts is recognized as services are rendered and performed at contractually agreed upon rates. Revenue pursuant to fixed-price contracts is recognized under the proportional performance method of accounting. We routinely evaluate whether revenue and profitability should be recognized in the current period. We estimate the proportional performance on our fixed-price contracts on a monthly basis utilizing hours incurred to date as a percentage of total estimated hours to complete the project. This method is used because reasonably dependable estimates of costs and revenue earned can be made, based on historical experience and milestones identified in any particular contract. If we do not have a sufficient basis to measure progress toward completion, revenue is recognized upon completion of performance, subject to any warranty provisions or other project management assessments as to the status of work performed.

Estimates of total project costs are continuously monitored during the term of an engagement. There are situations where the number of hours to complete projects may exceed our original estimate, as a result of an increase in project scope, unforeseen events that arise, or the inability of the client or the delivery team to fulfill their responsibilities. Accordingly, recorded revenues and costs are subject to revision throughout the life of a project based on current information and historical trends. Such revisions may result in increases or decreases to revenue and income and are reflected in the consolidated financial statements in the periods in which they are first identified.

If our initial estimates of the resources required or the scope of work to be performed on a contract are inaccurate, or we do not manage the project properly within the planned time period, a provision for estimated losses on incomplete projects may be made. Any known or probable losses on projects are charged to operations in the period in which such losses are determined. A formal project review process takes place quarterly, although projects are continuously evaluated throughout the period. Management reviews the estimated total direct costs on each contract to determine if the estimated amounts are accurate, and estimates are adjusted as needed in the period identified. No losses were recognized on contracts during the period ended December 31, 2016.

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5 SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

SHARE-BASED COMPENSATION:

NOTE 5.            SHARE-BASED COMPENSATION:

On April 20, 2015, our Board of Directors and the holder of a majority of our outstanding shares of common stock approved the adoption of our 2015 Equity Incentive Award Plan (the "Plan") and a grant of discretionary authority to the executive officers to implement and administer the Plan. The Plan allows for the issuance of up to 2,000,000 shares of our common stock for award grants (all of which can be incentive stock options). The Plan provides equity-based compensation through the grant of cash-based awards, nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units and other stock-based awards. We believe that an adequate reserve of shares available for issuance under the Plan is necessary to enable us to attract, motivate and retain key employees and directors and to provide an additional incentive for such individuals through stock ownership and other rights that promote and recognize the financial success and growth of our Company. During the twelve months ended December 31, 2016, we granted 762,700 options to employees. As of December 31, 2016, aggregate grants under the Plan total 1,812,700 shares of our common stock.

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6 INCOME TAXES

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

INCOME TAXES

NOTE 6.            INCOME TAXES:

The provision for income taxes consists of the following components for the years ended December 31:

	2016			2015
Current:
Federal and state	$	(355,243	)	$	60,040
Foreign		96,357			-
Total current provision		(258,886	)		60,040
Deferred:
Federal and state		(3,488,960	)		(979,006	)
Foreign		-			-
Valuation allowance		-			790,506
Total deferred benefit		(3,488,960	)		(188,500	)
Total provision for income taxes	$	(3,747,846	)	$	(128,460	)

The Company recorded a tax provision (benefit) of $(3,747,846) and $(128,460) for the periods ended December 31, 2016 and December 31, 2015, respectively. The reported tax provision (benefit) for the twelve-month periods ended December 31, 2016 and December 31, 2015 are based upon an estimated annual effective tax rate of 34% for all such periods. The effective tax rates reflected our combined federal and state income tax rates and the recognition of U.S. deferred tax liabilities for differences between the book and tax basis of goodwill.

We assess the reliability of our deferred tax assets and assess the need for a valuation allowance on an ongoing basis. The periodic assessment of the net carrying value of our deferred tax assets under the applicable accounting rules is highly judgmental. We are required to consider all available positive and negative evidence in evaluating the likelihood that we will be able to realize the benefit of our deferred tax assets in the future. Such evidence includes scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and the results of recent operations. Since this evaluation requires consideration of events that may occur some years into the future, there is significant judgment involved and our conclusion could be materially different should certain of our expectations not transpire.

We have reviewed the tax positions taken, or to be taken, in our tax returns for all tax years currently open to examination by a taxing authority. As of December 31, 2016, the gross amount of unrecognized tax benefits exclusive of interest and penalties was zero. We have identified no other uncertain tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the twelve months ending December 31, 2017. We remain subject to examination until the statute of limitations expires for each respective tax jurisdiction.

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7 INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7.            INTANGIBLE ASSETS:

We amortize our intangible assets that have finite lives using either the straight-line method or based on estimated future cash flows to approximate the pattern in which the economic benefit of the asset will be utilized. Amortization expense was $1,309,842 and $164,750 during the twelve-month periods ended December 31, 2016 and December 31, 2015 respectively. This amortization expense relates to customer lists, which expire through 2020.

As of December 31, 2016, and December 31, 2015, capitalized intangible assets were as follows:

	December 31, 2016		December 31, 2015
Capitalized intangible assets	$	10,074,546	$	3,279,263
Accumulated amortization		1,309,842		164,750
Total intangible assets	$	8,764,704	$	3,114,513

Our amortization schedule is as follows:

Years ending December 31,	Amount
2017	$	2,464,184
2018		2,115,592
2019		1,748,250
2020		1,621,000
2021		815,678
Total	$	8,764,704

The Company has its own software products, namely Simple APO, Langer Index and IBP. Total costs incurred for developing these products during the twelve months ended December 31, 2016 was $55,104 and have been capitalized and are being amortized over the useful life of the software products.

The Company's intangible assets consists of the customer lists acquired from the Company's acquisition of WinHire Inc, Ameri Georgia, DCM, Virtuoso and Bigtech. The products acquired from the acquisition of Linear Logics. Corp. and the amount spent on improving those products are also categorized as intangible assets and are being amortized over the useful life of those products.

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8 GOODWILL

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

NOTE 8.            GOODWILL:

Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in businesses combinations.  Goodwill was comprised of the following amounts:

	December 31, 2016		December 31, 2015
Virtuoso	$	939,881	$	-
DCM		10,416,000		-
Bigtech		314,555		-
Ameri Consulting Service Pvt. Ltd.		1,948,118		-
Ameri Georgia		3,470,522		3,470,522
Total	$	17,089,076	$	3,470,522

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9 ACCRUED EXPENSES AND OTHER LIABILITIES:

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES:

NOTE 9.            ACCRUED EXPENSES AND OTHER LIABILITIES:

Accrued expense and other liabilities as of December 31, 2016 and December 31, 2015 consisted of the following:

	December 31, 2016		December 31, 2015
Legal fee payable	$	386,497	$	338,946
Advances from customers		-		44,841
Tax payable		388,044		320,247
Audit fee payable		47,900		21,500
Other liabilities		145,524		310,784
Travelling & conveyance payable		16,358		1,010
Salaries & wages payable		8,044		-
Bonus payable		62,060		-
Consultancy fee payable		25,000		50,000
401(k) payable		-		3,486
Total	$	1,079,427	$	1,093,814

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10 FAIR VALUE MEASUREMENT

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

NOTE 10.          FAIR VALUE MEASUREMENT:

We utilize the following valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows:

· Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities;

· Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and

· Level 3 inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value.

A financial asset or liability's classification within the hierarchy is determined based upon the lowest level input that is significant to the fair value measurement.

As of both December 31, 2016 and December 31, 2015 we had no financial assets and liabilities required to be measured on a recurring basis. 

.

No financial instruments were transferred into or out of Level 3 classification during the twelve-month period ended December 31, 2016 and 2015.

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11 EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 11.       EARNINGS (LOSS) PER SHARE:

A reconciliation of net income and weighted average shares used in computing basic and diluted net income per share is as follows:

	Twelve Months Ended
	December 31,
	2016				2015
	(In thousands, except per share data)
Basic net income (loss) per share:
Net income (loss) applicable to common shares		$	(2,788,112	)		$	(814,075	)
Weighted average common shares outstanding			13,068,597				11,101,198
Basic net income (loss) per share of common stock		$	(0.21	)		$	(0.07	)
Diluted net income (loss) per share:
Net income (loss) applicable to common shares		$	(2,788,112	)		$	(814,075	)
Weighted average common shares outstanding			13,068,597				11,101,198
Dilutive effects of convertible debt, stock options and warrants			-				-
Weighted average common shares, assuming dilutive effect of stock options			13,068,597				11,101,198
Diluted net income (loss) per share of common stock		$	(0.21	)		$	(0.07	)

Share-based awards, inclusive of all grants made under the Company's equity plans, for which either the stock option exercise price or the fair value of the restricted share award exceeds the average market price over the period, have an anti-dilutive effect on earnings per share, and accordingly, are excluded from the diluted computations for all periods presented.

As of December 31, 2016, we had outstanding options to purchase 965,000 shares of the Company's common stock and restricted stock units for 590,869 shares of the Company's common stock, resulting in share-based awards for a total of 1,555,869 shares of our common stock, outstanding under the Plan leaving 444,131 share-based units available under the Plan. During the twelve months ended December 31, 2016, we granted our directors and employees options to purchase 762,700 shares of our common stock and restricted stock units for 590,869 shares of our common stock. As of December 31, 2016, aggregate grants under the Plan total 1,555,869 shares of our common stock.

Due to the Company's net loss, potential dilutive shares were not included in the calculation of diluted EPS on December 31, 2016, as it will have an antidilutive effect.

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12 EMPLOYEE BENEFIT PLAN

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

EMPLOYEE BENEFIT PLAN

NOTE 12.          EMPLOYEE BENEFIT PLAN

The Company has a 401(k)-tax deferred savings plan (the "401(k) Plan") that is available to all employees who satisfy certain minimum hour requirements each year. The Company matches 100% of the first 3% of a participant's salary contributed under the 401(k) Plan and 50% on the next 2% of each participant's salary contributed under the 401(k).

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13 OPTIONS

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

OPTIONS

NOTE 13.          OPTIONS:

As of December 31, 2016 and December 31, 2015, the Company had issued and outstanding options to purchase 1,812,700 and 150,000 shares of our common stock, respectively.

On May 26, 2015, the Company issued an option to purchase 100,000 shares of common stock to non-employee directors of the Company. Prior to this issuance, the Company had not granted any option. This tranche of options vested on the anniversary of the grant date at an exercise price of $2.00 per share and expires on May 26, 2021. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of 2.75 years, expected volatility of 50%, a date of issue risk free interest rate of 1.53% and expected dividend yield of 0%. The aggregate value of these options on the grant date was $36,304 and the option expense for December 31, 2016 and December 31, 2015 was determined to be $14,520 and $21,784, respectively. As of December 31, 2016, no options had been exercised from this tranche of options.

On November 16, 2015, the Company issued an option to purchase 50,000 shares of common stock to an employee of the Company. This tranche of options was to vest in equal installments over three years at an exercise price of $4.01 per share and was to expire on November 16, 2021. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of 3.25 years, expected volatility of 50%, a date of issue risk free interest rate of 1.66% and expected dividend yield of 0%. The aggregate value of these options on the grant date was $73,265 and the option expense for December 31, 2016 and December 31, 2015 was determined to be $7,123 and $929. As of December 31, 2016, these options had been cancelled.

On January 22, 2016, the Company issued an option to purchase 5,000 shares of common stock to an employee of the Company. This tranche of options was to vest in equal installments over three years at an exercise price of $6.02 per share  and was to expire on January 22, 2021. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of 3.25 years, expected volatility of 50%, a date of issue risk free interest rate of 1.49% and expected dividend yield of 0%. The aggregate value of these options on the grant date was $10,944 and the option expense for December 31, 2016 and 2015 was determined to be $854 and $0, respectively. As of December 31, 2016, these options had been cancelled.

On January 28, 2016, the Company issued an option to purchase 100,000 shares of common stock to an employee of the Company. This tranche of options was to vest in equal installments over three years at an exercise price of $6.02 per share and was to expire on January 28, 2021. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of 3.25 years, expected volatility of 50%, a date of issue risk free interest rate of 1.40% and expected dividend yield of 0%. The aggregate value of these options on the grant date was $218,314 and the option expense for December 31, 2016 and 2015 was determined to be $61,776 and $0, respectively. As of December 31, 2016, these options had been cancelled.

On May 10, 2016, the Company issued an option to purchase 500,000 shares of common stock to a non-employee director of the Company. This tranche of options was to vests (a) as to 166,667 shares on May 10, 2017, (b) as to a further 166,667 shares on May 10, 2018, and (c) as to the remaining 166,666 shares on May 10, 2019, at an exercise price of $6.00 per share and expires on May 10, 2022. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of three years, expected volatility of 50%, a date of issue risk free interest rate of 0.57% and expected dividend yield of 0%. The value on the grant date of these options was $1,737,445 and the option expense for December 31, 2016 and 2015 was determined to be $370,496 and $0, respectively. As of December 31, 2016, no options had been exercised from this tranche of options.

On June 28, 2016, the Company issued an option to purchase 25,000 shares of common stock to a non-employee director of the Company.  This tranche of options vests on the anniversary of the grant date at an exercise price of $6.51 and expires on June 28, 2022. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of three years, expected volatility of 50%, a date of issue risk free interest rate of 0.57% and expected dividend yield of 0%. The value on the grant date of these options was $55,251 and the option expense for December 31, 2016 and 2015 was determined to be $9,359 and $0, respectively. As of December 31, 2016, no options had been exercised from this tranche of options.

On September 8, 2016, the Company issued options to employees of the Company to purchase 215,200 shares of common stock. These option grants vest over four years at an exercise price of $6.51 per share and expire on September 8, 2020. This tranche of options was valued using the Black-Scholes pricing model. Significant assumptions used in the valuation of this tranche of options include an expected term of four years, expected volatility of 50%, a date of issue risk free interest rate of 0.57% and expected dividend yield of 0%. The value on the grant date of these options was $546,318 and the option expense for December 31, 2016 and 2015 was determined to be $49,239 and $0, respectively. As of December 31, 2016, no options had been exercised from this tranche of options.

	Number of Shares			Weighted Avg. Exercise Price
Options outstanding at December 31, 2015		150,000			2.67
Granted		975,700		$	6.79
Exercised		-			-
Cancelled / Expired		(160,000	)		5.41
Outstanding at December 31, 2016		965,700		$	6.38

As of December 31, 2016 and December 31, 2015 the outstanding options had a weighted average remaining term and intrinsic value of 4.33 and 0 years and $500,000 and $0, respectively.

Outstanding and Exercisable Options

Average Exercise Price			Number of Shares		Remaining Average Contractual Life (in years)		Exercise Price times number of Shares			Weighted Average Exercise Price			Intrinsic Value
	$	2.00		100,000		3.40		$	200,000		$	2.00		$	451,000

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14 WARRANTS

12 Months Ended

Dec. 31, 2016

Temporary Equity Disclosure [Abstract]

WARRANTS

NOTE 14.          WARRANTS:

Below is a table summarizing the Company's outstanding warrants for the year ended December 31, 2016:

	Number of Shares		Weighted Avg. Exercise Price		Weighted Avg. Remaining Term		Intrinsic Value
Outstanding at December 31, 2015		2,777,777	$	1.80		4.41	$	13,333,330
Granted		1,000,000		6.00		-		-
Exercised		1,111,111		1.80		-		-
Outstanding at December 31, 2016		2,666,666	$	1.80		3.90	$	15,444,440

For the year ended December 31, 2016 and December 31, 2015, the Company incurred no warrants based expense.

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15 RESTRICTED STOCK UNITS

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

RESTRICTED STOCK UNITS

NOTE 15.          RESTRICTED STOCK UNITS:

On August 4, 2015, the Company issued restricted stock units for 83,189 shares of common stock to non-employee directors of the Company. Prior to this issuance there no restricted stock unit grants had been made by the Company. This tranche of restricted stock units was valued at $3.51 per share, the market value per share on the date of the grant, and vested on the anniversary of the grant date. The aggregate value of the restricted stock units on the grant date was $291,994 and the restricted stock unit expense for December 31, 2016 and December 31, 2015 was determined to be $172,797 and $119,197, respectively. As of December 31, 2016, 83,189 restricted stock units had vested.

On May 10, 2016, the Company issued restricted stock units for 500,000 shares of common stock to a non-employee director. This tranche of restricted stock units was valued at $7.00 per share, the market value per share on the date of the grant, and vests (a) as to 166,667 shares, on May 10, 2017, (b) as to a further 166,667 shares, on May 10, 2018, and (c) as to the remaining 166,666 shares, on May 10, 2019, subject to the grantee continuing to be a director of the Company through such date. The aggregate value of the restricted stock units on the grant date of the restricted stock units was $3,500,000 and the restricted stock unit expense for December 31, 2016 was determined to be $746,348. As of December 31, 2016, none of the foregoing restricted stock units had vested.

On June 28, 2016, the Company issued restricted stock units for 7,680 shares of common stock to a non-employee director. This tranche of restricted stock units was valued at $6.51 per share, the market value per share on the date of the grant, and vests on the anniversary of the grant date. The aggregate value of the restricted stock units on the grant date of the restricted stock units was $49,997 and the restricted stock unit expense for December 31, 2016 was determined to be $25,135. As of December 31, 2016, none of the foregoing restricted stock units had vested.

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16 DEBT

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

DEBT

NOTE 16.          DEBT:

On July 1, 2016, the Company entered into that certain Loan and Security Agreement (the "Loan Agreement"), with its wholly-owned subsidiaries Ameri and Partners Inc and Bellsoft, Inc., as borrowers (the "Borrowers"), the Company and its wholly-owned subsidiaries Linear Logics, Corp. and WinHire Inc serving as guarantors, the Company's Chief Executive Officer, Giri Devanur, serving as a validity guarantor, and Sterling National Bank, N.A. (as lender and as agent, "Sterling"). The Company joined DCM, Virtuoso and ATCG as borrowers under the Loan Agreement following their respective acquisition.

Under the Loan Agreement, the Borrowers can borrow up to an aggregate of $10 million, which includes up to $8 million in principal for revolving loans (the "Revolving Loans") for general working capital purposes, up to $2 million in principal pursuant to a term loan (the "Term Loan") for the purpose of a permitted business acquisition and up to $200,000 for letters of credit.  A portion of the proceeds of the Loan Agreement were also used to repay the November 20, 2015 credit facility that was entered into between the Company, its wholly-owned subsidiary Bellsoft, Inc. (Ameri Georgia) and Federal National Payables, Inc.

The maturity of the loans under the Loan Agreement are as follows:

Revolving Loan Maturity Date: July 1, 2019; provided, however, that the Revolving Loan Maturity Date will extend and renew automatically for successive one-year terms on each anniversary of the initial Revolving Loan Maturity Date (each an "Anniversary Date") thereafter, unless not less than sixty (60) days prior to any such Anniversary Date, written notice of non-renewal is given by either party to the other, in which case the Revolving Loan Maturity Date will be such next Anniversary Date.

Term Loan Maturity Date: The earliest of (a) the date following acceleration of the Term Loan and/or the Revolving Loans; (b) the Revolving Loan Maturity Date; or (c) July 1, 2019.

Interest under the Loan Agreement is payable monthly in arrears and accrues as follows:

(a) in the case of Revolving Loans, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 2.00%;

(b) in the case of the Term Loan, a rate per annum equal to the sum of (i) the Wall Street Journal Prime Rate plus (ii) 3.75%; and

(c) in the case of other obligations of the Borrowers, a rate per annum equal to the sum of (i) the greater of (A) 3.25% or (B) Wall Street Journal Prime Rate plus (ii) 3.75%.

The Loan Agreement also requires the payment of certain fees, including, but not limited to letter of credit fees and an unused Revolving Loans fee.

The Loan Agreement contains financial and other covenant requirements, including, but not limited to, financial covenants that require the Borrowers to not permit capital expenditures above $150,000 in any fiscal year, maintain a fixed charge coverage ratio of not less than 2.00 to 1.00 and maintain certain debt to EBITDA ratios. The Loan Agreement also requires the Company and Borrowers to obtain Sterling's consent before making any permitted acquisitions.

The principal amount of the Term Loan will be repaid as follows: (i) equal consecutive monthly installments in the amount of $33,333.33 each, paid on the first day of each calendar month and (ii) one final payment of the entire remaining principal balance, together with all accrued unpaid interest on the Term Loan maturity date.  The Company's outstanding balance with Sterling National Bank for the Term Loan and Revolving Loans was $1,923,466 and $2,743,177, respectively, as of December 31, 2016.

Due to its 2016 acquisitions, the Company did not fulfill certain of the financial covenants contained in its Loan Agreement with Sterling National Bank as of December 31, 2016; however, Sterling National Bank has agreed to waive the Company's compliance with such covenants in exchange for the payment of a fee. 

Bigtech, which was acquired as of July 1, 2016, had a term loan of $18,101 and a line of credit for $345,713 as of December 31, 2016.

Short-term Debt:

The following summarizes our short-term debt balances as of December 31:

	2016		2015
Notes outstanding under revolving credit facility	$	3,088,890	$	1,235,935
Term loan - current maturities		405,376		-
Total short-term debt	$	3,494,266	$	1,235,935

Long-term Debt:

The following summarizes our long-term debt balances as of December 31:

	2016		2015
Term loan, due 2019	$	1,941,567	$	-
Less:  Current maturities		405,376		-
Long-term debt, net of current maturities	$	1,536,191	$	-

The following represents the schedule of maturities of our long-term debt:

Year	Amounts
2017	$	405,376
2018		405,376
2019		1,130,815
Total	$	1,941,567

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17 COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 17.         COMMITMENTS AND CONTINGENCIES:

Operating Leases

The Company's principal facility is located in Princeton, New Jersey. The Company also leases office space in various locations with expiration dates between 2016 and 2020. The lease agreements often include leasehold improvement incentives, escalating lease payments, renewal provisions and other provisions which require the Company to pay taxes, insurance, maintenance costs, or defined rent increases. All of the Company's leases are accounted for as operating leases. Rent expense is recorded over the lease terms on a straight-line basis. Rent expense was $220,280 and $47,475 for the twelve months ended December 31, 2016 and December 31, 2015, respectively.  The increase during these periods is due to new office space that was leased by the Company in Princeton, New Jersey on July 1, 2015 and the addition of office space through the acquisition of DCM, Virtuoso and Bigtech.

The Company has entered into an operating lease for its primary office facility in Princeton, New Jersey, which expires in July 2017. The future minimum rental payments under these lease agreements are as follows:

	Years ending December 31,
2017	$	251,512
2018		112,901
2019		79,478
2020		18,754
Total	$	462,645

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18 SUBSEQUENT EVENTS:

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS:

NOTE 18.            SUBSEQUENT EVENTS:

On January 27, 2017, the Company issued 33,333 shares of its common stock its legal counsel, Olshan Frome Wolosky LLP ("Olshan"), in exchange for the cancellation of a portion of accrued and unpaid legal fees owed by the Company to Olshan.

The Company partnered with NEC Corporation of America (NEC), in February 2017, to offer SAP HANA Migration services. Through this partnership, the Company will offer solutions to its clients aspiring to make the transition from SAP ECC (on-premise) applications to SAP HANA applications. NEC is a leading technology integrator providing integrated communications, analytics, security, biometrics and technology solutions.

On March 7, 2017, the Company completed the sale and issuance of 8% Convertible Unsecured Promissory Notes (the "2017 Notes") for proceeds to us of an aggregate of $1,250,000, to four accredited investors, including one of the Company's directors, Dhruwa N. Rai. The 2017 Notes were issued pursuant to Securities Purchase Agreements with each investor, pursuant to which each investor purchased its 2017 Note from the Company. The 2017 Notes bear interest at 8% per annum until maturity in March 2020, with interest being paid annually on the first, second and third anniversaries of the issuance of the 2017 Notes beginning in March 2018. From and after an event of default and for so long as the event of default is continuing, the 2017 Notes will bear default interest at the rate of 10% per annum. The 2017 Notes can be prepaid by the Company at any time without penalty.

The 2017 Notes are convertible into shares of Ameri common stock at a conversion price of (i) in the event that any registration statement for the public offering of common stock filed by the Company with the SEC in connection with an uplisting to a national stock exchange is declared effective by the SEC on or prior to December 31, 2017, such price per share that is equal to 68% of the price per share of common stock offered and sold pursuant to such registration statement, or (ii) if no such registration statement is declared effective by December 31, 2017, such price per share that is equal to the weighted average closing price per share of the Company's common stock for the 20 trading days immediately preceding December 31, 2017, subject to adjustment under certain circumstances. The 2017 Notes rank junior to the Company's secured credit facility with Sterling National Bank. The 2017 Notes also include certain negative covenants including, without the investors' approval, restrictions on dividends and other restricted payments and reclassification of its stock.

On March 10, 2017, the Company acquired 100% of the shares of ATCG Technology Solutions, Inc. ("ATCG"), a Delaware corporation, pursuant to the terms of a Share Purchase Agreement among the Company, ATCG, all of the stockholders of ATCG (the "Stockholders") and the Stockholders' representative.  ATCG provides U.S. domestic, offshore and onsite SAP consulting services and has its main office in Folsom, California. The aggregate purchase price for the acquisition of ATCG consisted of:

(a) 576,923 shares of our common stock,

(b) Unsecured promissory notes issued to certain of ATCG's selling Stockholders for the aggregate amount of $3,750,000 (which notes bear interest at a rate of 6% per annum and mature on June 30, 2018) and

(c) Earn-out payments in shares of Ameri common stock (up to an aggregate value of $1,200,000 worth of shares) to be paid, if earned, in each of 2018 and 2019.  ATCG's financial statements will be filed by amendment of the Current Report on Form 8-K filed on March 13, 2017 to disclose the closing of the acquisition.

On March 13, 2017, the Company announced a merger proposal for CIBER, Inc. ("CIBER" or "CBR") valuing CBR at a price of $0.75 per share, which is a substantial premium to CBR's closing price of $0.28 on March 10, 2017.  In addition, the Company formed a stockholder group (the "AMERI Group") with Lone Star Value Management, LLC to nominate two highly-qualified candidates to CIBER's Board of Directors at the upcoming Annual Meeting of Stockholders.  The AMERI Group owns approximately 4.5 million shares of CBR, representing 5.5% of CBR's total shares outstanding.

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6 INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Provision for income taxes

	2016			2015
Current:
Federal and state	$	(355,243	)	$	60,040
Foreign		96,357			-
Total current provision		(258,886	)		60,040
Deferred:
Federal and state		(3,488,960	)		(979,006	)
Foreign		-			-
Valuation allowance		-			790,506
Total deferred benefit		(3,488,960	)		(188,500	)
Total provision for income taxes	$	(3,747,846	)	$	(128,460	)

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7 INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Capitalized intangible assets

	December 31, 2016		December 31, 2015
Capitalized intangible assets	$	10,074,546	$	3,279,263
Accumulated amortization		1,309,842		164,750
Total intangible assets	$	8,764,704	$	3,114,513

Amortization schedule

Years ending December 31,	Amount
2017	$	2,464,184
2018		2,115,592
2019		1,748,250
2020		1,621,000
2021		815,678
Total	$	8,764,704

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8 GOODWILL (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

	December 31, 2016		December 31, 2015
Virtuoso	$	939,881	$	-
DCM		10,416,000		-
Bigtech		314,555		-
Ameri Consulting Service Pvt. Ltd.		1,948,118		-
Ameri Georgia		3,470,522		3,470,522
Total	$	17,089,076	$	3,470,522

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9 ACCRUED EXPENSES AND OTHER LIABILITIES: (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Accrued expense and other liabilities

	December 31, 2016		December 31, 2015
Legal fee payable	$	386,497	$	338,946
Advances from customers		-		44,841
Tax payable		388,044		320,247
Audit fee payable		47,900		21,500
Other liabilities		145,524		310,784
Travelling & conveyance payable		16,358		1,010
Salaries & wages payable		8,044		-
Bonus payable		62,060		-
Consultancy fee payable		25,000		50,000
401(k) payable		-		3,486
Total	$	1,079,427	$	1,093,814

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11 EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

A reconciliation of net income and weighted average shares used in computing basic and diluted net income

	Twelve Months Ended
	December 31,
	2016				2015
	(In thousands, except per share data)
Basic net income (loss) per share:
Net income (loss) applicable to common shares		$	(2,788,112	)		$	(814,075	)
Weighted average common shares outstanding			13,068,597				11,101,198
Basic net income (loss) per share of common stock		$	(0.21	)		$	(0.07	)
Diluted net income (loss) per share:
Net income (loss) applicable to common shares		$	(2,788,112	)		$	(814,075	)
Weighted average common shares outstanding			13,068,597				11,101,198
Dilutive effects of convertible debt, stock options and warrants			-				-
Weighted average common shares, assuming dilutive effect of stock options			13,068,597				11,101,198
Diluted net income (loss) per share of common stock		$	(0.21	)		$	(0.07	)

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13 - OPTIONS (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Number of shares outstanding

	Number of Shares			Weighted Avg. Exercise Price
Options outstanding at December 31, 2015		150,000			2.67
Granted		975,700		$	6.79
Exercised		-			-
Cancelled / Expired		(160,000	)		5.41
Outstanding at December 31, 2016		965,700		$	6.38

Outstanding and exercisable options

Average Exercise Price			Number of Shares		Remaining Average Contractual Life (in years)		Exercise Price times number of Shares			Weighted Average Exercise Price			Intrinsic Value
	$	2.00		100,000		3.40		$	200,000		$	2.00		$	451,000

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14 WARRANTS (Tables)

12 Months Ended

Dec. 31, 2016

Temporary Equity Disclosure [Abstract]

Outstanding warrants

	Number of Shares		Weighted Avg. Exercise Price		Weighted Avg. Remaining Term		Intrinsic Value
Outstanding at December 31, 2015		2,777,777	$	1.80		4.41	$	13,333,330
Granted		1,000,000		6.00		-		-
Exercised		1,111,111		1.80		-		-
Outstanding at December 31, 2016		2,666,666	$	1.80		3.90	$	15,444,440

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16 DEBT (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Short-term debt balances

	2016		2015
Notes outstanding under revolving credit facility	$	3,088,890	$	1,235,935
Term loan - current maturities		405,376		-
Total short-term debt	$	3,494,266	$	1,235,935

Long-term debt balances

	2016		2015
Term loan, due 2019	$	1,941,567	$	-
Less:  Current maturities		405,376		-
Long-term debt, net of current maturities	$	1,536,191	$	-

Schedule of maturities of our long-term debt

Year	Amounts
2017	$	405,376
2018		405,376
2019		1,130,815
Total	$	1,941,567

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17 COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Future minimum rental payments under these lease agreements

	Years ending December 31,
2017	$	251,512
2018		112,901
2019		79,478
2020		18,754
Total	$	462,645

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3 BUSINESS COMBINATIONS (Details Narrative) - USD ($)			1 Months Ended		12 Months Ended
	Jul. 29, 2016	Jul. 01, 2016	Jun. 22, 2016	Nov. 20, 2015	Dec. 31, 2016
Cash payment at closing					$ 3,000,000
To be paid within 30 days of closing					2,500,000
Earn-out payments a year for 2016 and 2017					$ 500,000
Bellsoft, Inc.
Cash payment at closing				$ 3,000,000
Shares of AMERI's common stock issued at closing				235,295
Quarterly cash payments to be paid on the last day of each calendar quarter of 2016				$ 250,000
Cash reimbursement to be paid 5 days following closing				1,000,000
To be paid within 30 days of closing				2,910,817
Earn-out payments a year for 2016 and 2017				$ 500,000
Bigtech Software Private Limited
Capitalized intangible asset		$ 590,000
Virtuoso
Capitalized intangible asset			$ 900,000
DC&M
Capitalized intangible asset	$ 5,400,000

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5 SHARE-BASED COMPENSATION: (Details Narrative)	12 Months Ended
	Dec. 31, 2016 shares
Accounting Policies [Abstract]
Options granted to employees	762,700
Aggregate grants of common stock	1,812,700

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6 INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal and state	$ (355,243)	$ 60,040
Foreign	96,357
Total current provision	(258,886)	60,040
Deferred:
Federal and state	(3,488,960)	(979,006)
Foreign
Valuation allowance		790,506
Total deferred benefit	(3,488,960)	(188,500)
Total provision for income taxes	$ (3,747,846)	$ (128,460)

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6 INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax provision (benefit)	$ (3,747,846)	$ (128,460)

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7 INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized intangible assets	$ 10,074,546	$ 3,279,263
Accumulated amortization	1,309,842	164,750
Total intangible assets	$ 8,764,704	$ 3,114,513

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7 INTANGIBLE ASSETS (Details 1)	Dec. 31, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2017	$ 2,464,184
2018	2,115,592
2019	1,748,250
2020	1,621,000
2021	815,678
Total	$ 8,764,704

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7 INTANGIBLE ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,309,842	$ 164,750
Costs incurred for developing products	$ 55,104

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8 GOODWILL (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Virtuoso	$ 939,881
DCM	10,416,000
Bigtech	314,555
Ameri Constlting Service Pvt. Ltd.	1,948,118
Ameri Georgia	3,470,522	3,470,522
Total	$ 17,089,076	$ 3,470,522

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9 ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Legal fee payable	$ 386,497	$ 338,946
Advances from customers		44,841
Tax payable	388,044	320,247
Audit fee payable	47,900	21,500
Other liabilities	145,524	310,784
Travelling & conveyance payable	16,358	1,010
Salaries & wages payable	8,044
Bonus payable	62,060
Consultancy fee payable	25,000	50,000
401 K payable		3,486
Total	$ 1,079,427	$ 1,093,814

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11 EARNINGS (LOSS) PER SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Basic net income (loss) per share:
Net income (loss) applicable to common shares	$ (2,788,112)	$ (814,075)
Weighted average common shares outstanding	13,068,597	11,101,198
Basic net income (loss) per share of common stock	$ (0.21)	$ (0.07)
Diluted net income (loss) per share:
Net income (loss) applicable to common shares	$ (2,788,112)	$ (814,075)
Weighted average common shares outstanding	13,068,597	11,101,198
Dilutive effects of convertible debt, stock options and warrants
Weighted average common shares, assuming dilutive effect of stock options	13,068,597	11,101,198
Diluted net income (loss) per share of common stock	$ (0.21)	$ (0.07)

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11 EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Outstanding options	965,700	150,000
Share-based awards outstanding	1,555,869
Restricted stock units granted	590,869
Share-based units available under the Plan	444,131
Options granted to employees	762,700

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13 OPTIONS - (Details)	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Number of shares
Outstanding | shares	150,000
Granted | shares	975,700
Exercised | shares
Cancelled / Expired | shares	(160,000)
Outstanding ending balance | shares	965,700
Weighted Avg. Exercise Price
Outstanding | $ / shares	$ 2.67
Granted | $ / shares	6.79
Exercised | $ / shares
Cancelled / Expired | $ / shares	5.41
Outstanding ending balance | $ / shares	$ 6.38

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13 OPTIONS (Details Narrative)	12 Months Ended
	Dec. 31, 2016 USD ($) $ / shares shares
Accounting Policies [Abstract]
Average Exercise Price | $ / shares	$ 2.00
Number of Shares | shares	100,000
Remaining Average Contractual Life (in years)	3 years 2 months 24 days
Exercise Price times number of Shares | shares	200,000
Weighted Average Exercise Price | $ / shares	$ 2.00
Intrinsic Value | $	$ 451,000

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13 OPTIONS (Details Narrative 2) - USD ($)			1 Months Ended					12 Months Ended
	Sep. 08, 2016	May 10, 2016	Jun. 28, 2016	Jan. 28, 2016	Jan. 22, 2016	Nov. 16, 2015	May 26, 2015	Dec. 31, 2016	Dec. 31, 2015
Options issued to purchase								1,812,700
Options Outstanding to purchase								150,000
Option expense								$ 1,457,647	$ 141,910
Employee Stock Option [Member]
Options issued to purchase							100,000
Options Outstanding to purchase							100,000
Exercise price							$ 2.00
Expiration period							May 26, 2021
Expected volatility							50.00%
Risk-free interest rate							1.53%
Expected dividends							0.00%
Expected term in years							2 years 9 months
Aggregate value of options on grant date							$ 36,304
Option expense							$ 14,520
Employee Stock Option [Member]
Options issued to purchase						50,000
Options Outstanding to purchase						50,000
Exercise price						$ 4.01
Expiration period						Nov. 16, 2021
Expected volatility						50.00%
Risk-free interest rate						1.66%
Expected dividends						0.00%
Expected term in years						3 years 3 months
Aggregate value of options on grant date						$ 73,265
Option expense						$ 7,123
Employee Stock Option [Member]
Options issued to purchase					5,000
Options Outstanding to purchase					5,000
Exercise price					$ 6.02
Expiration period					Jan. 22, 2021
Expected volatility					50.00%
Risk-free interest rate					1.49%
Expected dividends					0.00%
Expected term in years					3 years 3 months
Aggregate value of options on grant date					$ 10,944
Option expense					$ 854
Employee Stock Option [Member]
Options issued to purchase				100,000
Options Outstanding to purchase				100,000
Exercise price				$ 6.02
Expiration period				Jan. 28, 2021
Expected volatility				50.00%
Risk-free interest rate				1.40%
Expected dividends				0.00%
Expected term in years				3 years 3 months
Aggregate value of options on grant date				$ 218,314
Option expense				$ 61,776
Restricted Stock Unit [Member]
Options issued to purchase		500,000
Options Outstanding to purchase		500,000
Exercise price		$ 6.00
Expiration period		May 10, 2022
Expected volatility		50.00%
Risk-free interest rate		0.57%
Expected dividends		0.00%
Expected term in years		3 years
Aggregate value of options on grant date		$ 1,737,445
Option expense		$ 370,496
Restricted Stock Unit [Member]
Options issued to purchase			25,000
Options Outstanding to purchase			25,000
Exercise price			$ 6.51
Expiration period			Jun. 28, 2022
Expected volatility			50.00%
Risk-free interest rate			0.57%
Expected dividends			0.00%
Expected term in years			3 years
Aggregate value of options on grant date			$ 55,251
Option expense			$ 9,359
Employee Stock Option [Member]
Options issued to purchase	215,200
Options Outstanding to purchase	215,200
Expiration period	Sep. 08, 2020
Expected volatility	50.00%
Risk-free interest rate	0.57%
Expected dividends	0.00%
Expected term in years	4 years
Aggregate value of options on grant date	$ 546,318
Option expense	$ 49,239

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14 WARRANTS (Details)	12 Months Ended
	Dec. 31, 2016 USD ($) $ / shares shares
Number of Shares
Outstanding at at beginning	2,777,777
Granted	1,000,000
Exercised	1,111,111
Outstanding at end	2,666,666
Weighted Avg.Exercise Price
Outstanding at beginning | $ / shares	$ 1.80
Granted | $ / shares	$ 6.00
Exercised	1.80
Outstanding at end | $ / shares	$ 1.80
Outstanding at at beginning	4 years 4 months 28 days
Outstanding at end	3 years 10 months 24 days
Intrinsic Value
Outstanding at at beginning | $	$ 13,333,330
Outstanding at end | $	$ 15,444,440

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15 RESTRICTED STOCK UNITS (Details) - USD ($)			1 Months Ended	12 Months Ended
	May 10, 2016	Aug. 04, 2015	Jun. 28, 2016	Dec. 31, 2016
Number of restricted shares outstanding				$ 590,869
Number of restricted stock units vested				83,189
Restricted Stock Unit [Member]
Number of restricted shares outstanding		$ 83,189
Restricted stock units		$ 3.51
Aggregate value of restricted stock units on grant date		$ 291,994
Restricted stock unit expense		$ 172,797
Restricted Stock Unit [Member]
Number of restricted shares outstanding	$ 500,000
Number of restricted stock units vested	0
Restricted stock units	$ 7.00
Aggregate value of restricted stock units on grant date	$ 3,500,000
Restricted stock unit expense	$ 746,348
Restricted Stock Unit [Member]
Number of restricted shares outstanding			$ 7,680
Number of restricted stock units vested			0
Restricted stock units			$ 6.51
Aggregate value of restricted stock units on grant date			$ 49,997
Restricted stock unit expense			$ 25,135

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16 DEBT (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes outstanding under revolving credit facility	$ 3,088,890	$ 1,235,935
Term loan - current maturities	405,376
Total short-term debt	3,494,266	1,235,935
Term loan, due 2019	1,941,567
Less:  Current maturities	405,376
Long-term debt, net of current maturities	$ 1,536,191

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16 DEBT (Details 1)	Dec. 31, 2016 USD ($)
Debt Disclosure [Abstract]
2017	$ 405,376
2018	405,376
2019	1,130,815
Total	$ 1,941,567

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16 DEBT (Details Narrative) - USD ($)	Dec. 31, 2016	Jan. 07, 2016
Term Loan	$ 1,923,466
Revolving Loans	$ 2,743,177
Bigtech Software Private Limited
Term Loan		$ 18,101
Revolving Loans		$ 345,713

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17 COMMITMENTS AND CONTINGENCIES - Future minimum rental payments under these lease agreements (Details)	12 Months Ended
	Dec. 31, 2016 USD ($)
Years ending December 31, (amounts in thousands)
2017	$ 251,512
2018	112,901
2019	79,478
2020	18,754
Total	$ 462,645

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17 COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Rent expense	$ 220,280	$ 47,475

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18 SUBSEQUENT EVENTS (Details narratives) - USD ($)	Mar. 10, 2017	Mar. 07, 2017	Jan. 27, 2017	Dec. 31, 2016	Dec. 31, 2015
Subsequent Events [Abstract]
Common stock issued			33,333	13,885,972	11,874,361
Acquisition common stock	576,923
Interest rate	6.00%	8.00%
Unsecured promissory notes	$ 3,750,000	$ 1,250,000
Earn-out payments a year for 2016 and 2017	$ 1,200,000