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Business Combinations (Tables)
9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma condensed consolidated statements of operations of WidePoint for the three and nine month periods ended September 30, 2014 have been prepared as if the acquisition of SCL had occurred at January 1, 2014:
 
 
 
THREE
 
NINE
 
 
 
MONTHS ENDED
 
MONTHS ENDED
 
 
 
SEPTEMBER 30,
 
SEPTEMBER 30,
 
 
 
2014
 
2014
 
 
 
(a)
 
(a)
 
 
 
(Unaudited)
 
Revenues, net
 
$
14,556,000
 
$
38,487,000
 
Net loss
 
$
(5,901,000)
 
$
(7,627,000)
 
Basic (loss) earnings per share
 
$
(0.081)
 
$
(0.107)
 
Diluted (loss) earnings per share
 
$
(0.081)
 
$
(0.107)
 
 
(a) To reflect on a pro forma basis unaudited consolidated financial information for the three and nine month periods ended September 30, 2014 for WidePoint. The unaudited financial information presented herein were derived from historical internally prepared financial statements for SCL and WidePoint’s Form 10-Q quarterly unaudited financial statements. SCL’s financial statements are prepared in accordance with Irish GAAP, as such additional adjustments were made to convert SCL Irish GAAP presentation to a US GAAP presentation to align with WidePoint’s accounting policies. SCL’s reporting currency unit is the Euro. SCL’s US GAAP unaudited historical statement of operations for the three and nine month period ended June 30, 2014 were translated into WidePoint’s reporting currency using an average USD/EURO rate of $1.3266 and $1.3560, respectively.