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ACQUISITION OF DECAHEDRON, LTD (Table)
 3 Months Ended
Mar. 31, 2017
Acquisition Of Decahedron Ltd Table  
Unaudited allocation of purchase price
    Preliminary              
    Allocation as of              
   

February10,

2017

    

Allocation

Adjustments

    

Final

Allocation

  
Current assets   $ 6,537     $ -     $ 6,537  
Intangible assets     50,000       -       50,000  
Other assets     305,400       (216,562 )     88,838  
Total assets acquired     361,937       (216,562 )     145,375  
Liabilities assumed:                        
Debt     804,819       (188,560 )     616,259  
Total liabilities assumed     804,819       (188,560 )     616,259  
Net assets acquired     (442,882 )     (28,002 )     (470,884 )
Consideration:                        
Value of Common Stock Issued at Acquisition     1,479,000       -       1,479,000  
Goodwill   $ 1,921,882     $ 28,002     $ 1,949,884  
Intangible assets

The components of the acquired intangible assets were as follows (in thousands):

 

    Amount    

Useful

Life

(Years)

  
Licenses (a)   $ 50,000       5  
    $ 50,000          
Unaudited Supplemental Pro Forma Data
   

Three months ended

March 31,

  
    2017     2016  
Revenues   $ 4,309,363     $ 1,636,740  
Cost of revenues     3,951,657       1,542,171  
Gross profit     357,706       94,569  
                 
Operating expenses     2,376,517       175,780  
Operating loss     (2,018,811 )     (81,211 )
                 
Other income (expense)     (101,567 )     (268,098 )
                 
Net Loss   $ (2,120,378 )   $ (349,309 )