Acquisition of ReliOn Inc (Tables)

3 Months Ended

Mar. 31, 2015

Acquisition of ReliOn Inc.

Summary of allocation of the purchase price to the estimated fair value of the net assets acquired

Cash and cash equivalents	$	414,000
Accounts receivable	315,975
Inventory	5,161,223
Prepaid expenses and other assets	88,894
Property and equipment	162,990
Identifiable intangibles	980,000
Accounts payable and accrued expenses	(1,682,782		)
Note payable	(426,044		)
Total Net Assets Acquired	$	5,014,256
Gain on bargain purchase	(1,014,256		)
Acquisition consideration	$	4,000,000

Schedule of unaudited pro forma financial information

	Year ended			Year ended
	December 31, 2014			December 31, 2013
Revenue	$	65,361,494		$	31,190,848
Net loss attributable to the Company	(88,925,977		)	(69,645,886		)
Basic and diluted loss per share	$	(0.56	)	$	(0.90	)