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2. Recapitalization
3 Months Ended
Mar. 31, 2015
Business Combinations [Abstract]  
2. Recapitalization

Note 2 — Recapitalization

 

On July 2, 2014, we completed the Share Exchange Agreement with Energie. The impact to equity of the Share Exchange includes a) the issuance of 33,000,000 shares of Holdings’ common stock at $0.05 per share, the closing price of Holdings’ stock on December 31, 2013, the date of the Share Exchange Agreement, for total consideration effectively transferred of $1,650,000; and b) removing Holdings’ accumulated deficit and adjusting equity for the recapitalization.

 

The accompanying condensed consolidated statements of operations include the results of the Share Exchange Agreement from the share exchange date of July 2, 2014. The pro forma effects of the acquisition on the results of operations as if the transaction had been completed on January 1, 2014 are as follows:

 

  

Three months ended

March 31, 2014

Pro forma results:     
Total net revenues  $164,609 
Net loss   (725,748)
Net loss per common share:     
  Basic and diluted  $(0.01)
      

 

The assets and liabilities of Holdings on the effective date of the Share Exchange Agreement were as follows:

 

Accounts payable  $363,676 
      
Preferred stock   —   
Common stock   194,604 
Additional paid-in capital   91,046,859 
Accumulated deficit   (91,605,139)
  Total stockholders’ deficit  $(363,676)