Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.19.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2018
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

Year Ended December 31,

 
    2018     2017  
Balance - January 1,   $ 603,411     $ 929,549  
Change in fair value     73,271       151,423  
Settlement in the form of shares issued     -       (331,676 )
Payments     (150,250 )     (145,885 )
Balance - December 31,   $ 526,432     $ 603,411