Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.20.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
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

 
    Six Months Ended June 30,  
    2020     2019  
Balance - January 1,   $ -     $ 526,432  
Acquisition     1,000,000       -  
Change in fair value     -       (64,203 )
Payments     -       (182,664 )
Balance - June 30,   $ 1,000,000     $ 279,565