Acquisition of SWC Group, Inc (Tables)

6 Months Ended

Dec. 31, 2014

Acquisition Of Swc Group Inc Tables

Schedule of Assets and Liabilities at Carring Values

Cash	$	209,214
Accounts receivable		388,399
Inventory		475,034
Other current assets		44,033
Security deposit		23,281
Loan receivables		312,521
Fixed assets		143,916
Intangible assets		3,039
Accounts payable		(1,727,870	)
Credit card payable		(420,773	)
Due to Sugarmade		(135,000	)
Customer deposits		(234,197	)
Loans payable		(529,064	)
Other payables		(297,047	)
Long term notes payables		(460,000	)
Net assets at carrying value:	$	(2,204,514	)

Schedule of Business Acquisition Pro Forma

	Three Months ended December 31,
	2014			2013
	(Unaudited)
Net sales	$	1,154,773		$	1,538,997
Net loss	$	(3,163,484	)	$	(49,324	)

	Six Months ended December 31,
	2014			2013
	(Unaudited)
Net sales	$	3,318,974		$	5,028,396
Net income (loss)	$	(9,143,793	)	$	210,851