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ACQUISITION OF DECAHEDRON, LTD (Tables)
 6 Months Ended
Jun. 30, 2018
Acquisition Of Decahedron Ltd  
Unaudited allocation of purchase price
    Preliminary Allocation as of              
    February 10,     Allocation     Final  
    2017     Adjustments     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       -  

_____________

(a) U.K Pharmaceutical Wholesale Distribution License
Unaudited Supplemental Pro Forma Data
    Six months Ended June 30,  
    2018     2017  
Revenues   $ 20,822,317     $ 10,421,894  
Cost of revenues     19,509,987       9,584,090  
Gross profit     1,312,330       837,804  
                 
Operating expenses     1,540,663       3,653,255  
Operating loss     (228,333 )     (2,815,451 )
                 
Other income (expense)     (2,039,082 )     (129,492 )
                 
Income tax (expense)     (28 )     (32 )
                 
Net loss   $ (2,267,443 )   $ (2,944,975 )
                 
Other comprehensive gain (loss)     46,103       (126,677 )
Comprehensive net loss   $ (2,221,340 )   $ (3,071,652 )