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

12 Months Ended

Dec. 31, 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
Less: 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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