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ACQUISITION OF AUDIOEYE, INC. BY AUDIOEYE ACQUISITION CORPORATION (Tables)

9 Months Ended

Sep. 30, 2013

ACQUISITION OF AUDIOEYE, INC. BY AUDIOEYE ACQUISITION CORPORATION

Schedule of purchase price allocation

Purchase Price Allocation

Purchase Price:	Cash		$	1,125,000
	1,500,000 shares of AEAC stock		375,000			$	1,500,000
Add: Net Assets (deficit)						2,752,342		*
Less: Identifiable Intangibles - Patents						(3,551,814		)
Goodwill						$	700,528

Schedule of net asset (deficit) acquired in acquisition

Net Assets (deficit)

		Book Value
		at 08/17/12
Current Assets		$	109,521
Property, Plant & Equipment, net		7,688
Patents		—
Current Liabilities		(1,517,724		)
L/T Liabilities		(1,351,827		)
Contingent Liabilities (Note 2)		—
Net Assets (deficit)		$	(2,752,342	)*

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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