Annual report pursuant to Section 13 and 15(d)

Acquisitions during Fiscal Year Ended December 31, 2013 (Tables)

v2.4.0.8
Acquisitions during Fiscal Year Ended December 31, 2013 (Tables)
 12 Months Ended
Dec. 31, 2013
Front Door [Member]
  
Purchase price allocations

 

Cash   $ 5,500  
Accounts receivable     27,467  
Contracts     813,000  
Customer relationships     22,000  
Developed technology     96,000  
Non-compete agreement     124,000  
Goodwill     1,535,658  
  Total assets acquired     2,623,625  
Liabilities assumed     (46,219 )
  Net assets acquired   $ 2,577,406  

 
Pro Form information

 

    (Unaudited)  
    Year ended December 31,  
    2013     2012  
Total revenues   $ 4,255,947     $ 4,427,542  
Net loss   $ (17,120,236 )   $ (9,533,541 )
Basic and diluted loss per share   $ (1.55 )   $ (0.32 )

 
Sequence [Member]
  
Purchase price allocations

 

Merchant relationships   $ 181,000  
Trade name     76,000  
Developed technology     71,000  
Goodwill     379,750  
  Total assets acquired   $ 707,750