4. Asset Purchase Acquisitions (Tables)

9 Months Ended

Sep. 30, 2013

Capital Lease Initiation Date

Schedule of Assets Acquired and Liabilities Assumed

	March 28,
	2012
Consideration:
Cash paid at closing	$	39,200
Small business loan(1)		360,800
Seller financed note payable(2)(3)		124,697
Fair value of total consideration exchanged	$	524,697
Fair value of identifiable assets acquired assumed:
Other current assets	$	7,367
Equipment		2,703
Contracts		258,000
Technology-based intangible assets		124,000
Non-compete agreement		18,000
Total fair value of assets assumed		410,070
Consideration paid in excess of fair value (Goodwill)(4)	$	114,627

Unaudited Supplemental Pro Forma Results of Operations

	Combined Pro Forma:
	For the nine months ended September 30,
	2013			2012
Revenue:	$	643,879		$	919,085
Expenses:
Operating expenses		2,795,798			2,352,693
Net operating income (loss)		(2,151,919	)		(1,433,608	)
Other income (expense)		(499,695	)		(349,589	)
Net income (loss)	$	(2,651,614	)	$	(1,783,197	)
Weighted average number of common shares
Outstanding – basic and fully diluted		2,223,857,269			137,591,052
Net income (loss) per share – basic and fully diluted	$	(0.00	)	$	(0.01	)