NOTE 7: PRO FORMA FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Based upon a valuation of tangible and intangible assets acquired, the Company has allocated the cost of the Acquisition to UEC’s net assets as follows (unaudited):

Tangible assets acquired:
Cash:	$	92,590
Accounts receivable and unbilled revenues		12,513,805
Other current assets		854,776
Property and equipment, net		1,010,321
Intangible assets
Customer list		7,400,000
Contracts in place (backlog)		2,100,000
Technology		3,200,000
Covenant not to compete.		400,000
Goodwill (intangibles that did not qualify for separate recognition)		15,105,680
Total asset value		42,677,172
Less: liabilities assumed		(4,754,927	)
Net fair value of assets acquired	$	37,922,245

Business Acquisition, Pro Forma Information [Table Text Block]

In April 2014, the Company acquired UEC (the “Acquisition”). The following summary pro forma information includes the effects of the Acquisition on the operating results of the Company through the first six months of 2014. The pro forma data for the first six months ended June 30, 2014 is 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 on January 1, 2013, nor do they purport to be indicative of the results of operations that will be obtained in the future.

	Six-Months Ending June 30, 2014
Revenues	$	62,706,523
Income – before income tax	$	5,857,416
Net income	$	5,478,855
Basic net income per share	$	0.27
Diluted net income per share	$	0.26
Weighted average number of shares used in computing basic net income per share		20,667,242
Weighted average number of shares used in computing diluted net income per share		21,239,982