Note 7 - Cummings Creek/ CLR Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Pro-forma information

The following pro-forma information for the year end December 31, 2011 is presented as if the acquisition took place as of January 1, 2011:

	Twelve Months Ended December 31, 2011
NET SALES	$	12,648,440
Net (Loss)	$	(6,119,928	)
Net Income (loss) per common share Basic and
Diluted	$	(0.23	)
Weighted average shares outstanding Basic
And Diluted		26,578,839

Purchase price Allocation

The table below summarizes the allocation of the purchase price to the acquired net assets based on their estimated fair values as of May 16, 2011 and the associated estimated useful lives at that date.

(In thousands)	Amount			Range of risk adjusted discount rates used in estimate of fair value	Estimated  useful   life
Purchase price:
Common stock	$	500,000		--
Assumed notes payable		726,200		7.43%- 8.29%
Contingent consideration		167,300		7.70%
	$	1,393,500
Net tangible assets	$	537,354
Identifiable intangible assets:		–
Customer contracts		113,600		26.51%		3
Customer relationships		232,700		26.51%		3
Contract backlog		412,700		25.51%		2
Deferred taxes arising from purchase		(305,649	)
Goodwill		402,795
Total purchase price allocation	$	1,393,500