NOTE 3: PRO FORMA FINANCIAL INFORMATION

6 Months Ended

Jun. 30, 2014

Disclosure Text Block Supplement [Abstract]

Mergers, Acquisitions and Dispositions Disclosures [Text Block]

NOTE 3:                      PRO FORMA FINANCIAL INFORMATION

In April 2014, the Company acquired UEC, as more fully described in “Note 2 – Acquisition of UEC,” above (the “Acquisition”). The following summary pro forma information includes the effects of the Acquisition on the operating results of the Company. The pro forma data for the six months ended June 30, 2014 and 2013 are presented as if the Acquisition had been completed on January 1, 2013. This pro forma financial information does not purport to be indicative of the results of operations that would have occurred had the Acquisition taken place at the beginning of the period, nor do they purport to be indicative of the results of operations that will be obtained in the future.

PRO-FORMA FINANCIAL INFORMATION (in thousands, except per share data)
	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Total revenues	$	27,829,186	$	30,263,940	$	62,706,523	$	57,857,804
Income – continuing operations before income tax		2,013,100		2,016,478		5,857,416		832,510
Net income	$	2,705,577	$	1,749,166	$	5,478,855	$	315,678
Basic net income per share	$	0.13	$	0.11	$	0.27	$	0.02
Diluted net income per share	$	0.13	$	0.10	$	0.26	$	0.02
Weighted average number of shares used in computing basic net income per share		20,311,830		16,329,199		20,667,242		16,247,667
Weighted average number of shares used in computing diluted net income per share		20,914,570		16,921,939		21,239,982		16,850,407

Pro forma results presented above reflect: (1) amortization relating to fair value estimates of intangible assets; (2) elimination of UEC expenses that were not part of the transaction; and (3) incremental interest expense on new long term debt incurred in connection with the transaction as though the transaction occurred as of January 1, 2013.

Additionally, acquisition related expenses of approximately $940,000 recognized as general and administrative expenses in the three and six months ended June 30, 2014 are reflected in the pro forma results above as though they were recognized during the three months ended March 31, 2013 and have been removed from the pro forma results for the three and six months ended June 30, 2014.