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Cummings Creek CLR Acquisition
6 Months Ended
Jun. 30, 2011
Cumming Creek Clr Acquisition [Abstract]  
Cummings Creek / CLR Acquisition
Note 7 – Cummings Creek / CLR Acquisition

On May 16, 2011, we entered into a Contribution and Exchange Agreement  (“Contribution Agreement”) with Ralph Alexander (“Alexander”) pursuant to which Alexander, as sole stockholder, contributed all the outstanding shares of Cummings Creek Capital, Inc. (“Cummings Creek”), a Delaware corporation, to Lattice in exchange for 2,500,000 shares of restricted common stock  and the Company’s assumption of certain promissory notes totaling $699,300 included in liabilities assumed. Cummings Creek holds 100% of the outstanding shares of CLR Group Ltd., (“CLR Group”)   a government service contractor, with a principal place of business located in O'Fallon, Illinois.


Lattice Government Services (“LGS”), entered into an Employment Agreement with Alexander.   Alexander will serve as chief executive officer of LGS for initial annual compensation of $210,000, as well as other  benefits.   He may be entitled to additional bonus compensation based upon performance.

The transaction was accounted for under the purchase method of accounting. The Company purchased $739,656 in assets including $59,518 in cash and assumed $1,100,773 in liabilities and recorded goodwill of $847,552. This is a preliminary purchase price allocation, which is subject to adjustment. The following unaudited pro-forma information for the six months ended June 30, 2011 is presented as if the acquisition took place as of January 1, 2011:
 

 
                                                     Six Months Ended June  30,  2011
 
                                                 
 
 NET SALES                                       $   7,662,741
 
Net (Loss)                                            $   (2,533,301)                                                 
 
Net Income (loss) per common share Basic and
 
      Diluted                                           $         (0.10)
 
Weighted average shares outstanding Basic
 
       And Diluted                                   24,211,686