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4. ACQUISITIONS (Tables)
9 Months Ended
Sep. 28, 2012
Acquisitions Tables  
Asset purchase agreement

 

Consideration Transferred:      
Cash   $ 150,000  
Note payable     150,000  
Equity instruments (1.5 million shares of restricted common stock)     390,000  
Contingent consideration  (Up to an additional 1.5 million shares of restricted common stock)     851,727  
    $ 1,541,727  
         
Identifiable Assets and Goodwill Acquired:        
Customer list   $ 608,096  
Trade name     36,830  
Vehicles and machinery     79,852  
Other tangible property     10,163  
Goodwill     806,786  
    $ 1,541,727  

Fair value of contingent liability
Command Center, Inc. future stock price $0.50 - $2.10
DRSI quarterly revenue growth 10.0% - 40.0%
Pro forma results of operations
    For the Thirteen Weeks Ended September 30, 2011  
    Command Center, Inc.     Disaster Recovery Services, Inc.     Adjustments     Pro-forma  
Revenue   $ 24,972,597     $ 2,137,591     $ 4,463     $ 27,114,651  
Cost of staffing services     19,070,906       1,438,272       3,943       20,513,121  
Gross profit     5,901,691       699,319       520       6,601,530  
Selling, general and administrative expenses     4,559,921       303,045       971       4,863,937  
Depreciation and amortization     95,252       -               95,252  
Income (loss) from operations     1,246,518       396,274       (451 )     1,642,341  
Interest expense and other financing expenses     (230,824 )     -       -       (230,824 )
Change in fair value of warrant liability     403,582       -       -       403,582  
Net income (loss)   $ 1,419,276     $ 396,274     $ (451 )   $ 1,815,099  
Earnings per share                                
Basic     0.02       0.26               0.03  
Diluted     0.02       0.26               0.03  
Weighted average shares outstanding                                
Basic     57,534,368       1,500,000               59,034,368  
Diluted     61,217,221       1,500,000
    For the Thirty-nine Weeks Ended September 30, 2011  
    Command Center, Inc.     Disaster Recovery Services, Inc.     Adjustments     Pro-forma  
Revenue   $ 61,652,359     $ 4,317,094     $ 378,419     $ 66,347,872  
Cost of staffing services     47,821,240       3,194,498       322,991       51,338,729  
Gross profit     13,831,119       1,122,596       55,428       15,009,143  
Selling, general and administrative expenses     13,242,016       612,265       7,237       13,861,518  
Depreciation and amortization     353,527       -       -       353,527  
Income (loss) from operations     235,576       510,331       48,191       794,098  
Interest expense and other financing expenses     (533,496 )     -       -       (533,496 )
Change in fair value of warrant liability     85,503       -       -       85,503  
Net income (loss)   $ (212,417 )   $ 510,332     $ 48,191     $ 346,105  
Earnings per share                                
Basic     (0.00 )     0.34               0.01  
Diluted     (0.00 )     0.34               0.01  
Weighted average shares outstanding                                
Basic     56,622,445       1,500,000               58,122,445  
Diluted     56,622,445       1,500,000               61,336,893