Reverse Acquisition (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Preliminary Purchase Allocation for Reserve Acquisition

The preliminary purchase allocation for the reverse acquisition is presented in the table below. These preliminary estimates will be revised in future periods and the revisions may materially affect the presentation of the Company’s consolidated financial results. Any changes to the initial estimates of the fair value of the assets and liabilities will be recorded as adjustments to those assets and liabilities and residual amounts will be allocated to goodwill, subject to a review for impairment.

	Graymark (Preliminary)
Cash and cash equivalents	$	68,170
Accounts receivable		249,333
Current assets from discontinued operations		1,773,471
Other current assets		198,977
Total current assets		2,289,951
Property and equipment		647,862
Intangible assets		3,800,000
Goodwill		20,847,608
Other assets from discontinued operations		295,542
Other assets		12,753
Total assets acquired		27,893,716
Liabilities assumed:
Accounts payable and accrued liabilities		2,501,877
Short term debt		2,000,000
Current portion of long-term debt		714,711
Current liabilities from discontinued operations		7,812,192
Total current liabilities		13,028,780
Long-term debt, net of current portion		742,385
Other liabilities from discontinued operations		174,509
Other liabilities		575,000
Total liabilities assumed		14,520,674
Net assets acquired	$	13,373,042

Acquisition Revenue and Earnings of Combined Entity Reverse Acquisition

The amounts of acquisition revenues and earnings included in the Company’s consolidated statements of operations for the nine months ended September 30, 2013, and the revenue and earnings of the combined entity had the reverse acquisition date for Graymark been January 1, 2012 are as follows:

	Revenue		Loss from Continuing Operations			Net Income (Loss)			Net Income (Loss) Attrib. to Graymark			Net Income (Loss) Attrib. to Graymark per Share
Actual:
From 7/22/2013 to 9/30/2013	$	454,759	$	(21,698,335	)	$	(22,026,176	)	$	(22,026,176	)
Supplemental Pro Forma:
Nine months ending 9/30/2013	$	72,637,964	$	(4,895,543	)	$	1,868,402		$	165,138		$	0.00
Nine months ending 9/30/2012	$	48,496,884	$	(25,106,231	)	$	(25,470,403	)	$	(25,784,049	)	$	(0.16	)