| Pro-forma statement of operations |
| | |
For the Six Months Ended |
| | |
June 30, |
| | |
2012 | |
2011 |
| | |
| |
|
| NET SALES | |
$ | 398,537 | | |
$ | 4,540,255 | |
| | |
| | | |
| | |
| COST OF SALES | |
| 377,898 | | |
| 4,275,990 | |
| | |
| | | |
| | |
| GROSS MARGIN | |
| 20,639 | | |
| 264,265 | |
| | |
| | | |
| | |
| Total Selling, General and | |
| | | |
| | |
| Administrative Expenses | |
| 857,537 | | |
| 291,265 | |
| | |
| | | |
| | |
| LOSS FROM OPERATIONS | |
| (836,898 | ) | |
| (27,000 | ) |
| | |
| | | |
| | |
| OTHER INCOME (EXPENSES) | |
| | | |
| | |
| | |
| | | |
| | |
| Interest expense | |
| (50,367 | ) | |
| — | |
| | |
| | | |
| | |
| Total Other Income (Expenses) | |
| (50,367 | ) | |
| — | |
| | |
| | | |
| | |
| LOSS BEFORE INCOME TAXES | |
| (887,265 | ) | |
| (27,000 | ) |
| | |
| | | |
| | |
| INCOME TAX EXPENSE | |
| — | | |
| — | |
| | |
| | | |
| | |
| NET LOSS | |
$ | (887,265 | ) | |
$ | (27,000 | ) |
| | |
| | | |
| | |
| BASIC AND DILUTED: | |
| | | |
| | |
| Net loss per common share | |
$ | (0.09 | ) | |
$ | (0.05 | ) |
| | |
| | | |
| | |
| Weighted average shares outstanding | |
| 9,429,285 | | |
| 512,167 | |
| | |
| | | |
| | | |