Acquisition of SWC Group, Inc (Tables)

9 Months Ended

Mar. 31, 2015

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 March 31,
	2015			2014
	(Unaudited)
Net sales	$	984,472		$	1,379,551
Net loss	$	(919,263	)	$	(1,107,371	)

	Nine Months ended March 31,
	2015			2014
	(Unaudited)
Net sales	$	4,303,446		$	6,407,947
Net income (loss)	$	(10,063,056	)	$	(896,520	)