Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.8.0.1
Acquisition (Tables)
12 Months Ended
Dec. 31, 2017
Acquisition [Abstract]  
Schedule of purchase price to assets acquired and liabilities
  Restricted cash   $ 15,380  
  Accounts receivable     90,825  
  Prepaid expenses and other current assets     195,580  
  Inventory     32,500  
  Property and equipment     116,884  
  Short-term bank loan     (80,829 )
  Trade payable     (486,407 )
  Employees and payroll accruals     (171,319 )
  Accrued expenses and other current liabilities     (502,251 )
  Intangible assets     4,330,311  
  Goodwill     3,187,417  
  Total purchase price   $ 6,728,091  
Schedule of intangible assets

 

      Purchase price     Estimated useful life  
               
  Technology   $ 4,284,315       Ten (10) years  
  Backlog     45,996       One (1) year  
                   
  Total amount allocated to intangible assets   $ 4,330,311          
Schedule of unaudited condensed combined pro forma
      Year ended December 31  
      2017     2016  
               
  Revenues   $ 471,543     $ 670,889  
  Net loss     4,669,232       4,206,916  
                   
  Basic and diluted net loss per share   $ 0.31     $ 0.31