Fair Value of Financial Instruments - Summary of Changes in Fair Value of Company's Earn-Out Liability (Details) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Earn-out payments to MUSA | $ 2,260,984 | $ 518,456 | $ 0 |
Level 3 Inputs | |||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||
Balance at December 31, 2017 | 4,833,850 | 0 | |
Fair value of the earn-out liability associated with the MUSA-Galvanized acquisition | 3,800,298 | 4,663,783 | |
Earn-out payments to MUSA | (2,455,446) | (518,456) | |
Change in fair value during the period | (1,430,682) | (688,523) | |
Balance at December 31, 2018 | $ 7,609,384 | $ 4,833,850 | $ 0 |
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- Definition Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Earn-Out Liability No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of gain (loss) recognized on the income statement for 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 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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