Annual report pursuant to Section 13 and 15(d)

CONTINGENT CONSIDERATION (Details)

v3.19.1
CONTINGENT CONSIDERATION (Details)
12 Months Ended
Dec. 31, 2018
Contingent Consideration Details  
Formula to calculate performance based cash consideration, descriptions
One-Year Anniversary     Probability     Revenue-Based     Probability-  
Date Revenue     Payment     Amounts     Weighted  
                     
$ 3,200,000       0.00 %   $ 800,000     $  
$ 2,000,000       0.50 %   $ 200,000       1,000  
$ 1,599,999       99.50 %   $        
Fair Value of Expected Earn-out Payment               1,000    
Discount Rate                       25 %
Payments                     $ 0  
Present Value Factor at 20% Discount Rate for 12 Months                       0.9457  
Present Value of Contingent Consideration                     $ 946