Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.20.2
Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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  
    Nine Months Ended September 30,  
    2020     2019  
Balance - January 1,   $ -     $ 526,432  
Acquisition     1,000,000       -  
Change in fair value     (500,000 )     (343,768 )
Payments     -       (182,664 )
Balance - September 30,   $ 500,000     $ -