Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

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Acquisition (Tables)
9 Months Ended
Sep. 30, 2015
Acquisition Tables  
Schedule of allocation of the purchase price

The allocation of the purchase price was as follows:

 

Intangible assets:    
·         Domains and websites   $ 591,229  
·         Covenants not to compete     79,902  
Deferred tax liability     (117,741 )
Goodwill     1,146,610  
Purchase price   $ 1,700,000