Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.7.0.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
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  
    Years Ended December 31,  
    2016     2015  
Balance - January 1,   $ 1,172,508     $ 2,626,323  
Acquisitions     678,367       888,527  
Change in fair value     (715,495 )     (1,653,488 )
Settlement in the form of shares issued     -       (674,485 )
Payments     (205,831 )     (14,369 )
Balance - December 31,   $ 929,549     $ 1,172,508