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NOTE 8 – STOCKHOLDERS’ DEFICIT (Tables)

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Fair Value of Merger

Assets acquired:
Cash		$	1,347
Trade name and technology			165,000
Customer relationships			250,000
Goodwill			1,163,816
Total assets			1,580,163
Liabilities assumed:
Accounts payable			216,461
Loans payable			748,426
Accrued expenses			35,275
Accrued salary			184,263
Deferred revenue			1,809
Total liabilities			1,186,234
Purchase price		$	393,929

Pro Forma Results of Operation

		Three Months Ended March 31, 2015				Year Ended December 31, 2014
Net Revenues		$	1,107,166			$	4,603,768
Net Loss		$	(1,338,399	)		$	(3,049,378	)
Net Loss per Share		$	(.02	)		$	(.05	)

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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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