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Note M - Merger
3 Months Ended
Mar. 31, 2015
Notes  
Note M - Merger

NOTE M – Merger

 

On September 23, 2014 the Company signed a merger agreement with SoOum Corp., a Delaware corporation.  Per the agreement, the outstanding shares of SoOum Corp common stock will be converted into 6,768,955 shares of the Company’s preferred stock.  This transfer of stock will result in an eighty percent (80%) ownership interest of the Company. Upon completion, the Company will be the surviving corporation and SoOum will be a wholly owned subsidiary. At the date of merger, $480,000 goodwill was acquired and posted to the Company.  At December 31, 2014 the goodwill amount of $480,000 was impaired (See Note N).

 

 

 

 

Years Ended

12/31/2014

12/31/2013

 

 

 

Sales

$40,472

$0

Earnings Attributable to Swordfish Financial, Inc.

(14,710,770)

(669,988)

Basic Earnings Per Share Available to Common   Shareholders

0.00

0.00

Earnings Per Share Assuming Dilution Available to Common Shareholders

0.00

0.00