Quarterly report pursuant to Section 13 or 15(d)

Pro-Tech Acquisition (Tables)

v3.10.0.1
Pro-Tech Acquisition (Tables)
9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Schedule of methodology and estimates utilized to determine the net tangible assets and intangible assets

Net tangible assets acquired, at fair value   $ 1,100,575  
Intangible assets acquired:        
Customer relationships     129,680  
Trademark     42,840  
Goodwill     113,478  
Total purchase price   $ 1,386,573  
Summary of components of net tangible assets acquired, at fair value

Cash and cash equivalents   $ 203,716  
Accounts receivable     264,078  
Inventories     54,364  
Property and equipment     819,361  
Deferred tax liability     (200,856 )
Other assets and liabilities, net     (40,088 )
Net tangible assets acquired   $ 1,100,575  
Schedule of unaudited combined pro-forma financial data
    Three Months Ended   Nine Months Ended
    September 30,   September 30,
    2018   2017   2018   2017
Pro forma combined net revenue   $ 494,927     $ 456,801     $ 1,588,714     $ 1,205,170  
Pro forma combined net loss   $ (694,618 )   $ (515,345 )   $ (12,662,166 )   $ (1,672,562 )
Pro forma combined net loss per share (basic)   $ (0.02 )   $ (0.02 )   $ (0.67 )   $ (0.05 )
Pro forma combined net loss per share (diluted)   $ (0.02 )   $ (0.02 )   $ (0.67 )   $ (0.05 )