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ACQUISITION (Tables)
 9 Months Ended
Sep. 30, 2017
Acquisition Tables  
Purchase price allocation

The table below shows the preliminary analysis related to the Brekford acquisition:

 

Common stock issued  $5,851,193 
Total consideration   5,851,193 
Less cash received   (1,943,778)
Less other assets   (3,139,007)
Plus liabilities assumed   1,191,937 
Net goodwill/intangible recorded  $1,960,345 

  

The table below shows the final breakdown related to the Firestorm acquisition:

 

Cash paid  $500,000 
Notes payable issued   907,407 
Common stock issued   976,286 
Warrants issued, at $2.58   125,411 
Warrants issued, at $3.61   102,289 
Total consideration   2,611,393 
Less cash received   (82,296)
Less other assets   (137,457)
Less intangible and intellectual property   (2,497,686)
Plus liabilities assumed   106,046 
Net goodwill recorded  $—   

 
Pro-forma financial information
   For the three months ended September 30,  For the nine months ended September 30,
   2017  2016  2017  2016
Revenues  $4,906,343   $3,345,473   $13,353,752   $12,194,573 
Net income (loss)  $(928,166)  $(394,760)  $(2,678,772)  $(591,347)
Basic earnings (loss) per share  $(0.08)  $(0.04)  $(0.25)  $(0.08)
Diluted earnings (loss) per share  $(0.08)  $(0.04)  $(0.25)  $(0.08)
                     
Basic Number of Shares   11,756,560    9,713,956    10,920,866    7,016,373 
Diluted Number of Shares   11,756,560    9,713,956    10,920,866    7,016,373