Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.7.0.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation of the beginning and ending balances for the contingent consideration measured at fair value using significant unobservable inputs (Level 3):

 

    Fair Value Measurement at Reporting  Date Using Significant Unobservable Inputs, Level 3  
    Three Months Ended March 31,  
    2017     2016  
Balance - January 1,   $ 929,549     $ 1,172,508  
Acquisitions           430,000  
Change in fair value     (11,188 )     (44,753 )
Payments     (23,650 )     (35,549 )
Balance - March 31,   $ 894,711     $ 1,522,206