BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Schedule of components of the purchase price for acquisitions

Components of the purchase price for acquisitions completed during the year ended December 31, 2018:

	Enertec			I. AM
Accounts receivable	$	3,184,227		$	29,319
Inventories		1,343,053			40,581
Property and equipment		648,649			700,291
Trade name and trademark		2,094,741			520,000
Domain name and other intangible assets		—			90,000
Other assets		29,056			1,492
Accounts payable and accrued expenses		(2,702,306	)		(103,961	)
Deferred tax liability		(160,311	)		—
Notes payable		(4,235,725	)		—
Accrued severance pay		(131,811	)		—
Net assets assumed		69,573			1,277,722
Goodwill		4,780,526			265,252
Non-controlling interest		—			(33,242	)
Purchase price	$	4,850,099		$	1,509,732

Components of the purchase price for acquisitions completed during the year ended December 31, 2017:

	Microphase			Power-Plus
Cash and cash equivalents	$	10,982		$	31,411
Accounts receivable		438,456			235,358
Inventories		667,020			240,843
Prepaid expenses and other current assets		139,665			2,068
Restricted cash		100,000			—
Intangible assets		2,627,348			250,000
Property and equipment		406,432			22,925
Other investments		303,333			—
Deposits and loans		43,479			—
Accounts payable and accrued expenses		(1,577,281	)		(388,746	)
Deferred tax liability		(225,488	)		—
Revolving credit facility		(879,666	)		(210,739	)
Notes payable		(2,203,835	)		—
Notes payable, related parties		(406,194	)		—
Convertible notes payable		—			—
Other current liabilities		(219,685	)		—
Net (liabilities) assets assumed		(775,434	)		183,119
Goodwill		3,171,029			480,953
Non-controlling interest		(944,555	)		—
Purchase price	$	1,451,040		$	664,073

Scehdule of acquisition that may be obtained in future periods

These pro forma amounts do not purport to be indicative of the results that would have actually been obtained if the acquisition occurred as of the beginning of each period presented or that may be obtained in future periods:

	For the Years Ended
	December 31,
	2018			2017
Total Revenue	$	28,691,641		$	20,807,590
Net loss	$	(35,627,242	)	$	(16,877,041	)
Less: Net loss attributable
to non-controlling interest		748,320			772,596
Net loss attributable to
common stockholders	$	(34,878,922	)	$	(16,104,445	)
Preferred deemed dividends		(108,049	)		(584,182	)
Preferred dividends		—			(54,059	)
Loss available to common shareholders	$	(34,986,971	)	$	(16,742,686	)
Basic and diluted net loss per common share	$	(12.06	)	$	(26.85	)
Basic and diluted weighted average
common shares outstanding		2,899,888			623,583
Comprehensive Loss
Loss available to common shareholders	$	(34,986,971	)	$	(16,742,686	)
Other comprehensive income (loss)
Change in net foreign currency
translation adjustments		(377,823	)		152,078
Net unrealized gain (loss) on
securities available-for-sale		(8,027,746	)		5,171,743
Other comprehensive income (loss)		(8,405,569	)		5,323,821
Total Comprehensive loss	$	(43,392,540	)	$	(11,418,865	)