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Acquisition of Hocks (Tables)

12 Months Ended

Dec. 31, 2012

Inventory	$	200,000
Customer relationships		693,335
Net fair value of assets acquired	$	893,335

Schedule of Purchase Price Allocation

Common stock	$	693,335
Cash		200,000
Total purchase price consideration	$	893,335

Schedule of Pro-forma Results

	2011 (unaudited)

Revenue	$	10,697,247
Net loss	$	(5,719,396	)
Net loss attributable to common stockholders per share – basic and diluted	$	(6,056,313	)
Pro-forma basic and diluted net loss per common share	$	(0.55	)
Net loss attributable to common stockholders per share – basic and diluted	$	(0.58	)
Weighted average common shares outstanding – basic and diluted		10,418,215

- Definition

Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation.

+ References+ Details