Quarterly report pursuant to Section 13 or 15(d)

Fair Value of Financial Instruments (Tables)

v3.5.0.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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):

 

Financial instruments measured at fair value on a recurring basis:

 

    Fair Value Measurement at Reporting
Date Using Significant Unobservable
Inputs, Level 3
 
    Six Months Ended  
    2016     2015  
Balance - January 1,   $ 1,172,508     $ 2,626,323  
2016 Acquisitions     420,000       -  
Change in fair value     (411,097 )     (782,936 )
Payments     (57,917 )     -  
Balance - June 30,   $ 1,123,494     $ 1,843,387