Acquisition Of Quest Marketing, Inc And Bar Code Specialties, Inc. (Tables)

3 Months Ended

Mar. 31, 2015

Quest Marketing, Inc. [Member]

Schedule of Assets Acquired and Liabilities Assumed

In accordance with ASC 805-10-25-13, the following table summarizes the fair values of the assets acquired as determined by our independent valuation analysis and liabilities assumed at the date of acquisition and the preliminary allocation of the purchase price to the fair value of net assets acquired:

Net Fixed Assets	$	68,000
Current Assets (excluding inventory)		7,456,000
Total Inventory (at Net Realizable Value)		60,000
Other Non-Current Assets		3,000
Trade Name		2,700,000
Customer Relationships		4,390,000
Goodwill		3,601,372
Total purchase price allocated	$	18,278,372

Bar Code Specialties Inc. [Member]

Schedule of Assets Acquired and Liabilities Assumed

In accordance with ASC 805-10-25-13, the following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition and the preliminary allocation of the purchase price to the fair value of net assets acquired:

Cash	$	75,683
Accounts receivable, net		2,864,661
Other current assets		1,537,912
Other assets		548,311
Fixed assets, net		131,538
Goodwill		10,499,934
Accounts payable and accrued liabilities		(5,261,723	)
Total purchase price allocated	$	10,396,316