Annual report pursuant to Section 13 and 15(d)

Basis of presentation, summary of significant accounting policies and recent accounting pronouncements (Tables)

v3.19.1
Basis of presentation, summary of significant accounting policies and recent accounting pronouncements (Tables)
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Changes in Deferred Tax Liability
The following is a rollforward of the Company’s deferred tax liability from January 1, 2017 to December 31, 2018:
 
   
December 31, 2018
   
December 31, 2017
 
Beginning Balance
 
$
699,000
   
$
-
 
Deferred tax liability recorded on the Tess acquisition
   
-
     
186,000
 
Deferred tax liability recorded on the Kairos acquisition
   
-
     
2,122,000
 
Deferred tax liability recorded on the Logical Brokerage acquisition
   
142,709
     
-
 
Impairment and depreciation on the Kairos acquisition
   
(699,000
)
   
(1,609,000
)
Ending Balance
 
$
142,709
   
$
699,000
 
Schedule of Antidilutive Securities
Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at December 31, 2018 and 2017 because their inclusion would be anti-dilutive are as follows:
 
   
December 31,   
 
   
2018
   
2017
 
Warrants to purchase common stock
   
1,671,113
     
1,944,895
 
Options to purchase common stock
   
62,000
     
119,533
 
Unvested restricted stock awards
   
95,939
     
342,070
 
Escrow shares of common stock
   
200,000
     
-
 
Convertible Series B preferred shares
   
13,000
     
1,458,001
 
     
2,042,052
     
3,864,499