v3.19.3

Acquisitions (Tables)

9 Months Ended

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	)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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