Annual report pursuant to section 13 and 15(d)

4. Acquisitions (Tables)

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4. Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Acquisitions Tables  
Schedule of net assets acquired

The aggregate purchase price was allocated to the fair value of the net assets acquired as follows:

 

Cash  $                   496,352
Accounts receivable                    2,215,172
Inventory                       320,034
Other current assets                       214,463
Property and equipment                    1,463,322
Other assets                           2,600
Intangible assets subject to amortization                  15,765,000
Goodwill                    2,381,301
Current liabilities                  (3,258,244)
   $              19,600,000

Pro forma financial information
    For the year ended December 31,
    2012   2011
Revenues    $            66,836,708    $         68,881,318
Net loss    $             (6,101,129)    $         (5,955,968)