Business Combination (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Purchase Price Allocated to Net Tangible and Intangible Assets

The final allocation is approximately as follows:

Cash and cash equivalents	$	104,373
Accounts receivable		811,034
Inventory		202,410
Property, plant and equipment		172,242
Customer relationships		268,000
Goodwill		400,870
Total assets acquired	$	1,958,929
Accounts payable	$	1,001,885
Deferred tax liability		50,920
Total liabilities assumed	$	1,052,805
Total Purchase Price	$	906,124

Recognition of Identifiable Intangible Asset

The allocation of the purchase price to the net assets acquired and liabilities assumed resulted in the recognition of the following identifiable intangible asset:

	Amount		Weighted Average Life-Years
Customer relationships	$	268,000		3