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ASSET ACQUISITION (Tables)
6 Months Ended
Jun. 30, 2012
Asset Acquisition Tables  
Net assets and liabilities acquired at their fair values

The Company accounted for the acquisition pursuant to ASC No. 805, Business Combinations.  Accordingly, it recorded net assets and liabilities acquired at their fair values.  As of December 31, 2011, the final purchase price allocation is as follows:

 

 

Intangible assets - customer relationships   $ 435,000  
Total assets     435,000  
Earnout liability     (185,000 )
Total liabilities     (185,000 )
Purchase price allocated to assets and liabilities acquired   $ 250,000  

 

Pro-Forma Information

The unaudited pro forma results for the three and six months ended June 30, 2011 compared to the three and six months ended June 30, 2012 are as follows:

 

    Three months ended
June 30,
     Six months ended
June 30,
 
    2012     2011     2012     2011  
               (proforma)                (proforma)  
Revenue   $ 6,015     $ 6,070     $ 12,081     $ 12,285  
Net loss   $ (633 )   $ (1,057 )   $ (1,678 )   $ (1,614 )
                                 
Net loss per share - basic and diluted   $ (0.01 )   $ (0.02 )   $ (0.02 )   $ (0.03 )
                                 
Weighted average shares - basic and diluted     70,506       60,388       67,512       60,387