Acquisitions (Tables)

3 Months Ended

Mar. 31, 2013

Crescent Moon [Member]

The following sets forth the components of the purchase price:

Purchase Price:
Cash	$	100,000
2,000,000 shares of common stock, ($0.64/share), based upon the fair value of the shares issued		1,280,000
Assumed Note		231,165
Total Purchase Price		1,611,165
Assets acquired
Cash		234
Accounts Receivable		70,974
Inventory		179,291
Fixed Assets		59,310
Note Receivable		14,263
Total assets acquired		324,072
Liabilities assumed
Accounts payable		468
Total liabilities assumed		468
Net assets acquired		323,604
Excess purchase price	$	1,287,561

FlipOutz [Member]

Components of Purchase Price

The following sets forth the components of the purchase price:

Purchase Price:
1,000,000 shares of common stock, ($0.64/share), based upon the fair value of the shares issued		640,000
Contingent stock consideration		396,816
Total Purchase Price		1,036,816
Assets acquired
Cash		270
Accounts Receivable		345
Inventory		14,785
Total assets acquired		15,400
Liabilities assumed
Total liabilities assumed		-
Net assets acquired		15,400
Excess purchase price	$	1,021,416

Pro-forma Operation Results of Acquisition Transactions

The pro forma amounts presented are not necessarily indicative of the actual operation results had the acquisition transactions occurred as of January 1, 2012.

	For the Three Months Ended
	March 31, 2013			March 31, 2012
Revenues	$	196,193		$	326,723
Net loss		(2,015,260	)		(111,314	)
Loss per share of common stock		(0.06	)		(0.00	)
Basic and diluted		31,213,732			29,123,760

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph F4

-Subparagraph e

-Appendix F

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Wild Craze, Inc. 10-Q/A