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ACQUISITION OF DECAHEDRON, LTD (Tables)
 9 Months Ended
Sep. 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
    Nine months Ended September 30,  
    2018     2017  
Revenues   $ 29,330,684     $ 19,968,845  
Cost of revenues     27,224,635       18,356,228  
Gross profit     2,106,049       1,612,617  
                 
Operating expenses     2,292,889       4,411,620  
Operating loss     (186,840 )     (2,799,003 )
                 
Other income (expense)     1,121,076       (344,111 )
                 
Income tax (expense)     (301 )     (2,690 )
                 
Net income (loss)   $ 933,935     $ (3,145,804 )
                 
Other comprehensive gain (loss)     1,350,780       (178,151 )
Comprehensive net income (loss)   $ 2,284,715     $ (3,323,955 )