Attached files
| file | filename |
|---|---|
| 8-K/A - AMENDMENT NO. 1 - WebXU, Inc. | v245805_8ka.htm |
| EX-99.1 - FINANCIAL STATEMENTS OF LOT6 MEDIA - WebXU, Inc. | v245805_ex99-1.htm |
| EX-23.1 - CONSENT OF L.L. BRADFORD & COMPANY, LLC - WebXU, Inc. | v245805_ex23-1.htm |
Adjusted Pro-forma Statement of Operations for the three and nine month periods ending on September 30, 2011 for the acquisition are:
|
Three Months
Ended
September 30, 2011
|
Nine Months
Ended
September 30, 2011
|
|||||||
|
Sales (net of returns)
|
$
|
5,440,840
|
$
|
16,441,304
|
||||
|
Cost of goods sold
|
(3,402,203
|
)
|
(11,559,478
|
)
|
||||
|
Gross profit
|
$
|
2,038,637
|
$
|
4,881,826
|
||||
|
Operating expenses:
|
||||||||
|
General and administrative
|
$
|
476,200
|
$
|
1,460,709
|
||||
|
Professional fees
|
72,868
|
198,659
|
||||||
|
Depreciation
|
-
|
-
|
||||||
|
$
|
549,067
|
$
|
1,659,369
|
|||||
|
Income (loss) from operations
|
$
|
1,489,569
|
$
|
3,222,458
|
||||
The adjusted pro-forma consolidated statement of operations for the three and nine month periods ending on September 30, 2011 for the acquisition is as follows:
|
Three Months
Ended
September 30, 2011
|
Nine Months
Ended
September 30, 2011
|
|||||||
|
Sales (net of returns)
|
$
|
7,634,236
|
$
|
19,554,475
|
||||
|
Cost of goods sold
|
(4,888,790
|
)
|
(13,859,385
|
)
|
||||
|
Gross profit
|
$
|
2,745,446
|
$
|
5,695,090
|
||||
|
Operating expenses:
|
||||||||
|
General and administrative
|
$
|
1,182,009
|
$
|
2,690,466
|
||||
|
Professional fees
|
282,148
|
552,405
|
||||||
|
Depreciation
|
10,929
|
18,215
|
||||||
|
$
|
1,475,085
|
$
|
3,261,087
|
|||||
|
Income (loss) from operations
|
$
|
1,270,360
|
$
|
2,434,004
|
||||
|
Other income (expense):
|
||||||||
|
Interest expense
|
(48,805
|
)
|
(57,378
|
)
|
||||
|
Total Other income (expense)
|
$
|
(48,805
|
)
|
$
|
(57,378
|
)
|
||
|
Income (loss) before provision for income taxes
|
$
|
1,221,555
|
$
|
2,376,626
|
||||
|
Provision for income tax
|
-
|
-
|
||||||
|
Net income
|
$
|
1,221,555
|
$
|
2,376,626
|
||||
|
Net income (loss) per share
|
||||||||
|
(Basic and fully diluted)
|
$
|
0.07
|
$
|
0.16
|
||||
|
Weighted average number of common shares outstanding
|
17,031,543
|
14,774,556
|
||||||