Quarterly report pursuant to sections 13 or 15(d)

NOTE 5 - BUSINESS COMBINATION (Tables)

v2.4.0.8
NOTE 5 - BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information [Table Text Block] The following table represents the unaudited consolidated pro forma results of operations for the nine months ended September 30, 2012 as if the acquisition occurred on January 1, 2011. Operating expenses have been increased for the estimated amortization expense associated with the fair value adjustment as of September 30, 2012 of expected definite lived intangible assets, for a net adjustment of $41,000 for the nine months ended September 30, 2012. The following unaudited pro forma information does not purport to present what the Company’s actual results would have been had the acquisition occurred on January 1, 2011, nor is the financial information indicative of the results of future operations.

Pro Forma
     
   
 
Nine Months Ended
September 30, 2012
 
Net revenues
 
$
10,043,620
 
Cost of revenues
   
5,581,416
 
Operating expenses
   
5,447,064
 
Other expense
   
53,254
 
Loss before taxes
   
(1,038,114
Net loss
 
$
(1,038,114
Basic loss per common share
 
$
(0.01
)
Diluted loss per common share
 
$
(0.01
)