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Business Combination (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Business Combinations [Abstract]    
Schedule of Assets Acquired and Liabilities Assumed

   Purchase Price Allocation 
Purchase Price  $770,291 
Cash   (49,728)
Accounts Receivable   (114,899)
Inventory   (76,156)
Prepaid   (3,000)
Accounts Payable   199,312 
Accrued Expenses   153 
Goodwill  $725,973 

    Purchase Price Allocation  
Purchase Price   $ 770,291  
Cash     (49,728 )
Accounts Receivable     (114,899 )
Inventory     (76,156 )
Prepaid     (3,000 )
Accounts Payable     199,312  
Accrued Expenses     153  
Goodwill   $ 725,973

Schedule of Unaudited Pro Forma Statements of Operations

The accompanying unaudited pro forma statements of operations presents the accounts of Trxade and CSP for the six- months ended June 30, 2018, assuming the acquisition occurred on January 1, 2018.

 

2018 Summary Statement of Operations  Trxade   CSP   Combined 
             
Revenue  $1,690,611   $1,323,117   $3,013,723 
                
Net Income  $102,782   $64,800   $167,582 
                
Net Income per common share – basic  $0.00        $0.01 
                
Net Income per common share - diluted  $0.00        $0.00 
                
Weighted average common shares - basic   31,985,827         31,985,827 
                
Weighted average common shares - diluted   34,472,811         34,472,811 

 

The accompanying unaudited pro forma statements of operations presents the accounts of Trxade and CSP for the three- months ended June 30, 2018, assuming the acquisition occurred on January 1, 2018.

 

2018 Summary Statement of Operations  Trxade   CSP   Combined 
             
Revenue  $837,688   $677,900   $1,515,588 
                
Net Income (Loss)  $20,513   $(12,185)  $8,328 
                
Net Income per common share – basic  $0.00        $0.00 
                
Net Income per common share - diluted  $0.00        $0.00 
                
Weighted average common shares - basic   31,985,827         31,985,827 
                
Weighted average common shares - diluted   34,479,406         34,479,406 

The accompanying unaudited pro forma combined statements of operations presents the accounts of Trxade and CSP for the years ended December 31, 2018 and 2017, respectively, assuming the acquisition occurred on January 1, 2017.

 

2018 Summary Statement of Operations   Trxade     CSP     Combined  
Revenue   $ 3,436,360     $ 2,387,636     $ 5,823,996  
                         
Net Income (Loss)   $ 125,626     $ (6,723 )   $ 118,903  
                         
Net Income per common share – basic   $ 0.00             $ 0.00  
                         
Net Income per common share - diluted   $ 0.00             $ 0.00  
                         
Weighted average common shares - basic     32,260,622               32,260,622  
                         
Weighted average common shares - diluted     34,958,502               34,958,502  

 

2017 Summary Statement of Operations   Trxade     CSP     Combined  
Revenue   $ 2,931,280     $ 2,633,914     $ 5,565,194  
                         
Net Income (Loss)   $ 288,983     $ (63,132 )   $ 225,851  
                         
Net Income per common share – basic   $ 0.01             $ 0.01  
                         
Net Income per common share - diluted   $ 0.01             $ 0.01  
                         
Weighted average common shares - basic     31,955,416               31,955,416  
                         
Weighted average common shares - diluted     34,086,251               34,086,251