• Filing Date: 2018-11-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
ACQUISITION (Details) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Less intangible assets $ 5,082,846  
Notes payable issued 31,824 $ 907,407
Less intangible assets (386,001) $ (2,498,737)
Secure Education    
Consideration paid (see below) 386,001  
Cash paid 99,197  
Common stock issued 163,332  
Warrants issued 65,988  
Warrants issued 57,484  
Total consideration 386,001  
Less intangible assets (386,001)  
Net goodwill recorded 0  
BC Management    
Consideration paid (see below) 386,804  
Cash paid 100,000  
Common stock issued 163,332  
Warrants issued 65,988  
Warrants issued 57,484  
Total consideration 386,804  
Less intangible assets (386,804)  
Net goodwill recorded 0  
Global    
Assets acquired 4,384,668  
Liabilities acquired (4,384,417)  
Net assets acquired 251  
Less intangible assets 2,574,000  
Consideration paid (see below) 4,264,934  
Cash paid 1,090,037  
Holdback consideration 200,000  
Common stock consideration 566,288  
Series B Preferred Stock consideration 2,408,610  
Total consideration 4,264,934  
Plus liabilities assumed (4,384,417)  
Net goodwill recorded 1,690,683  
Brekford    
Liabilities acquired 1,191,937  
Consideration paid (see below) 5,851,193  
Common stock issued 5,851,193  
Total consideration 5,851,193  
Less cash received (1,943,778)  
Less note receivable (2,000,000)  
Less other assets (1,139,007)  
Less intangible assets (558,412)  
Plus liabilities assumed 1,191,937  
Net goodwill recorded 1,401,933  
Firestorm    
Liabilities acquired 106,046  
Consideration paid (see below) 2,611,393  
Cash paid 500,000  
Notes payable issued 907,407  
Common stock issued 976,286  
Warrants issued 125,411  
Warrants issued 102,289  
Total consideration 2,611,393  
Less cash received (82,296)  
Less other assets (137,457)  
Less intangible assets (2,497,686)  
Plus liabilities assumed 106,046  
Net goodwill recorded $ 0