Fair Value of Financial Instruments - Summary of Changes in Fair Value of Company's Earn-Out Liability (Details) - USD ($) |
6 Months Ended | |
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Jun. 30, 2018 |
Jun. 30, 2017 |
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Earn-out payments to MUSA | $ 1,172,065 | $ 0 |
Level 3 Inputs | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Balance at December 31, 2017 | 4,833,850 | |
Earn-out payments to MUSA | (1,172,065) | |
Change in fair value during the period | 2,461,658 | |
Balance at June 30, 2018 | $ 6,123,443 |
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- Definition Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Interest Expense Charged During Period No definition available.
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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