ACQUISITIONS

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

ACQUISITIONS

During the six months ended June 30, 2014, the Company completed three business combinations, as follows:

Company Acquired	Date of Acquisition	Fair Value of Consideration
Vapestick Holdings Limited (“Vapestick”)	January 9, 2014	$	54,779
FIN Electronic Cigarette Corporation, Inc. (“FIN”)	February 28, 2014		133,600
Must Have Limited (“VIP”)	April 22, 2014		51,922
Total fair value of consideration		$	240,301

The results of operations for these business combinations are included in the accompanying consolidated statements of operations beginning on the respective closing date for each acquisition. For the three months and six months ended June 30, 2014, the following operating results related to these acquisitions are included in the Company’s consolidated results of operations:

	Three months					Six months
Reporting Unit	Net Sales		Net Loss			Net Sales		Net Loss
Vapestick	$	1,996	$	(2,147	)	$	3,238	$	(1,624	)
FIN		2,036		(15,902	)		4,600		(15,401	)
VIP		6,811		(3,590	)		6,811		(3,590	)
Totals	$	10,843	$	(21,639	)	$	14,649	$	(20,615	)

The pro forma financial information set forth below reflects adjustments to the historical data of the Company to give effect to each of these acquisitions and the related financing activities as if each had occurred on January 1, 2014. The pro forma information presented below does not purport to represent what the actual results of operations would have been for the periods indicated, nor does it purport to represent the Company's future results of operations. The following table summarizes on an unaudited pro forma basis the Company’s results of operations for the three and six months ended June 30, 2014:

	Three Months			Six Months
Net sales	$	13,211		$	30,478
Net loss	$	(28,020	)	$	(87,741	)