Annual report pursuant to Section 13 and 15(d)

Merger (Tables)

v2.4.0.6
Merger (Tables)
12 Months Ended
Dec. 31, 2012
Merger [Abstract]  
Estimated fair values of the assets acquired and liabilities assumed
         

Cash and cash equivalents

  $ 7,201,638  

Other current assets

    40,483  

Notes and accrued interest receivable

    4,555,562  

Goodwill

    169,987  

Intangible assets

    260,000  

Accounts payable and accrued expenses

    (379,754 )
   

 

 

 

Total purchase price

  $ 11,847,916  
Unaudited pro forma results of the Company from merger
         
    Year Ended
December 31,
2011
 
   

Revenues

  $ 4,914,938  

Net Loss

  $ (8,610,775

Basic and diluted net loss per common share

  $ (0.79

Weighted average shares — basic and diluted

    10,957,705