Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.7.0.1
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2017
Clouding Corp  
Acquisitions  
Schedule of assets acquired and liabilities assumed and total consideration paid

Intangible assets

 

$
14,500,000

 

Goodwill

 
1,296,000

 

 

 

 

 

Net purchase price

 

$
15,796,000

 

 

 

 

 

 

 

Total consideration paid of the following:

 

Cash

 

$
1,400,000

 

Promissory Note

 
1,000,000

 

Common Stock

 
281,000

 

Earn Out Liability

 
13,115,000

 

 

 

 

 

Net purchase price

 

$
15,796,000