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ACQUISITION OF DECAHEDRON, LTD (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
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  

    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

    Amount     Useful Life
(Years)		  
Licenses (a)   $ 50,000       5  
    $ 50,000       -  
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 )
    Years Ended December 31,  
    2017     2016  
Revenues   $ 30,206,825     $ 8,756,772  
Cost of revenues     28,256,544       8,128,159  
Gross profit     1,950,281       628,613  
                 
Operating expenses     6,856,585       991,901  
Operating loss     (4,906,304 )     (363,288 )
                 
Other income (expense)     (1,372,288 )     (506,343 )
                 
Income tax (expense)     (2,801 )     30,803  
                 
Net Loss   $ (6,281,393 )   $ (838,828 )
                 
Other comprehensive loss     (343,766 )     1,940  
Comprehensive net loss   $ (6,616,159 )   $ (836,888 )