Note 6 - Acquisition (Tables)

6 Months Ended

Jun. 30, 2016

Note 6 - Acquisition Tables

Estimated fair values of the assets acquired and liabilities

 The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date based on a fair value acquisition price of $876,150 pertaining to the consideration provided.

Cash and cash equivalents	$	10,201
Accounts receivable		26,000
Inventories		111,668
Other current assets		20,706
Furniture and equipment		5,294
Customer list		151,273
Total identifiable assets acquired		325,142
Accounts payable and accrued expenses		35,422
Total liabilities assumed		35,422
Total identifiable assets less liabilities assumed		289,720
Goodwill		561,430
Net assets acquired	$	851,150

Components of identified intangible assets associated with acquisition and their estimated useful lives.

The following table sets forth the components of identified intangible assets associated with the P3 Acquisition and their estimated useful lives.

	Fair Value		Useful Life
Customer relationships	$	151,273	7 years
	$	151,273

Schedule Of Pro Forma Information

This pro forma information does not purport to represent what the Company’s actual results would have been if the acquisition had occurred as of the date indicated or what such results would be for any future periods.

	Three Months Ended			Six Months Ended
	June 30, 2016			June 30, 2016
Net Sales	$	258,554		$	483,927
Net Loss	$	(1,950,142	)	$	(2,764,565	)
Net Loss per Share – Basic and Diluted	$	(0.15	)	$	(0.22	)