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Supplemental Unaudited Pro Forma Information
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Event, Pro Forma Business Combinations [Text Block]
12. Supplemental Unaudited Pro Forma Information

 

Except as described in Note 5 above, there have been no further changes in the preliminary estimates of the fair value of the acquired assets and liabilities during the three and six month period ended June 30, 2012. The Company has engaged outside experts to assist in determining the estimated fair value of intangible assets acquired in the business combination with AGS. The Company expects to complete the final determination of the estimated fair value of the acquisition prior to the end of 2012.

 

Supplemental Unaudited Pro Forma Information for the three and six month period ended June 30, 2011

 

The following pro forma information for the three and six month period ended June 30, 2011 presents the results of operations as if the AGS acquisition had occurred at the beginning of 2011.

 

    JUNE 30, 2011  
    THREE MONTHS     SIX MONTHS  
    ENDED     ENDED  
             
Revenues, net   $ 12,146,510     $ 24,528,413  
Net income   $ 224,645     $ 37,166  
Basic EPS   $ 0.004     $ 0.001  
Diluted EPS   $ 0.004     $ 0.001  

 

The pro forma results are presented above are for illustrative purposes only and are not necessarily indicative of or intended to represent the results that would have been achieved had the transaction been completed on January 1, 2011. The pro forma results do not reflect any operating efficiencies and associated cost savings that the Company may have achieved with respect to the combined companies.