Business Combination (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of preliminary allocation of the purchase price

The following represents the preliminary allocation of the purchase price (as adjusted for measurement period adjustments):

Total purchase price - fair value of common stock issued	$	2,584,090

Fair value of tangible assets acquired:
Cash	$	1,367,211
Receivables		536,406
Inventory		881,273
Property and equipment		245,479
Other assets		359,587
Fair value of identifable intangible assets acquired:
Customer relationships		1,094,000
Developed technology		458,000
Trademarks and tradenames		461,000
Fair value of goodwill		600,814

Deferred tax liabilities, net		129,095
Fair value of liabilities assumed		3,290,585
	$	2,584,090

Schedule of Change in Accounting Estimate

the Company identified an additional adjustment to the provisional estimated fair values, as follows:

	As previously reported (1)		Adjustment		Adjusted amount

Accounts payable	$	2,285,792	$	(36,714)	$	2,249,078
Goodwill		637,528		(36,714)		600,814

(1) As reported on Form 10-K for the year ended December 31, 2015

Schedule of unaudited pro forma financial information

The pro forma amounts do not purport to be indicative of the results that would have actually been obtained if the acquisition occurred as of January 1, 2015 or that may be obtained in the future:

	Three Months Ended March 31,
Unaudited pro forma results	2015

Revenues	$	1,429,686
Net loss	$	(3,797,029)
Net loss per share	$	(3.38)