v3.19.3

Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2019
Red Wire Group, LLC. [Member] |
Schedule of Assets and Net Liabilities Acquired | The assets and net liabilities acquired (based on fair values) were as follows:
Cash |  | $ | 10 |
Other assets (except cash) |  |  | 106,110 |
Goodwill |  |  | 480,381 |
Liabilities |  |  | (136,501 | )
Net consideration provided |  | $ | 450,000 |
Rune NYC, LLC [Member] |
Schedule of Assets and Net Liabilities Acquired | The assets and net liabilities acquired (based on fair values) were as follows:
Cash |  | $ | 12,914 |
Other assets (except cash) |  |  | 41,586 |
Goodwill |  |  | 394,440 |
Liabilities |  |  | (37,817 | )
Net consideration provided |  | $ | 411,123 |
Schedule of Unreviewed Pro Forma Financial Information | The below table sets forth selected unaudited and unreviewed pro forma financial information for the Company for 2018 compared to 12 ReTech as if RWG and Rune was owned for the nine months ended September 30, 2019 and 2018.
|  | Proforma |
|  | Nine months ended |
|  | September 30, |
|  | 2019 |  |  | 2018 |
Revenues |  | $ | 705,058 |  |  | $ | 1,180,989 |
Cost of revenues |  |  | 466,393 |  |  |  | 805,532 |
Gross profit |  |  | 238,665 |  |  |  | 375,457 |
Operating expenses |  | $ | 1.924,922 |  |  | $ | 491,487 |
Operating losses |  | $ | (1,686,257 | ) |  | $ | (116,030 | )
Net Loss |  | $ | (15,450,614 | ) |  | $ | (2,698,846 | )
Earnings Per Share |  | $ | (0.97 | ) |  | $ | (3.14 | )
Bluwire Group, LLC [Member] |
Schedule of Unreviewed Pro Forma Financial Information | The below table sets forth selected unaudited and unreviewed pro forma financial information for the Company for 2018 compared to 12 ReTech as if Bluwire Group, Redwire and Rune were owned for the nine months ended September 30, 2019 and 2018.
|  | Proforma |
|  | Nine months ended |
|  | September 30, |
|  | 2019 |  |  | 2018 |
Revenues |  | $ | 3,838,793 |  |  | $ | 5,873,098 |
Cost of revenues |  |  | 1,881,970 |  |  |  | 2,744,412 |
Gross profit |  |  | 1,956,823 |  |  |  | 3,128,686 |
Operating expenses |  | $ | 3,969,923 |  |  | $ | 2,958,089 |
Operating loss |  | $ | (2,013,100 | ) |  | $ | 170,597 |
Net Loss |  | $ | (15,777,457 | ) |  | $ | (2,528,249 | )
Earnings (Loss) Per Share |  | $ | (0.99 | ) |  | $ | (2.82 | )

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