4. Acquisitions (Tables)

12 Months Ended

Jun. 30, 2012

Acquisitions Tables

TIPPT Purchase Price Allocation

Cash	$	2,000
Forgiveness Promissory Note	250
Fair Value of Common Stock Warrant	2,378
Total Purchase Price	$	4,628

The purchase price had been allocated to the assets acquired (identifiable intangible assets) as of the closing date of December 23, 2011 based on their estimated fair values.

The fair value of assets acquired of TIPPT  at the date of acquisition were as follows;

Assets acquired:

Intellectual Property Contracts $ 4,628

Loyalize Purchase Price Allocation

The total purchase price is composed of the following:

Cash	$	3,185
Fair Value of Common Stock		1,719
Fair Value of Common Stock Guarantee		120
Total Initial Purchase Price	$	5,024

Details of the fair values of assets acquired and liabilities assumed from Trusted Opinion are as follows:

Assets acquired:

Other Receivable	$	92
Equipment		33
Intellectual Property		80
Capitalized Software		2,350
Goodwill		2,953
		5,508

The goodwill recorded in the transaction is deductible for tax purposes.

Less liabilities assumed:

Deferred Revenue		(484	)
Net assets acquired	$	5,024

As of June, 30, 2012, the fair value of the intangibles is $80 and the goodwill is $2,953.

The following table presents the unaudited pro forma results of the Company for the year ended June 30, 2012 and June 30 2011 as if the Trusted Opinion acquisition occurred on July 1, 2010. These results are not intended to reflect the actual operations of the Company had the acquisition occurred on July 1, 2010.

	Years ended June 30
	2012			2011
Revenue	$	1,740		$	102
Operating (Loss)		(98,186	)		(22,812	)
Loss Per Share (basic and diluted)		(1.34	)		(0.45	)