Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2017
Acquisition of Business - Unrelated Entity [Member]  
Business Acquisition [Line Items]  
Schedule of accompanying consolidated financial statements using purchase method of accounting
Assets      
Property and Equipment    
Transportation equipment   $ 95,000  
Containers     83,745  
Total property and equipment     178,745  
Amortizable intangible assets        
Customer list     212,953  
5 year non-compete agreement     8,518  
Total amortizable intangible assets     221,471  
Deferred tax assets     19,784  
Total purchase price   $ 420,000  
Acquisition of Business - Unrelated Entity - 2016  
Business Acquisition [Line Items]  
Schedule of accompanying consolidated financial statements using purchase method of accounting
Assets      
Property and Equipment   $ 104,400  
Goodwill and intangible assets        
Customer list     79,547  
5 year, 100 miles non-compete agreement     10,000  
Goodwill     36,053  
Total goodwill and intangible assets     125,600  
Total purchase price   $ 230,000
Northeast Data Destruction and Recycling, LLC [Member]  
Business Acquisition [Line Items]  
Schedule of purchase price paid to related party owner

Party

 

Cash

   

Restricted Common Shares

    Value Assigned to Shares ($0.077/share)    

Total
Purchase Price

 
Majority Shareholder – 50% owner   $ -       1,025,000     $ 78,925     $ 78,925  
Non-related entity - 50% owner     100,000       400,000       30,800       130,800  
Total   $ 100,000       1,425,000     $ 109,725     $ 209,725
Schedule of accompanying consolidated financial statements using purchase method of accounting
Property and Equipment      
Transportation equipment   $ 42,000  
Machinery and Equipment     64,500  
Containers     32,000  
Total property and equipment     138,500  
Deferred tax Assets     14,360  
Goodwill and intangible assets        
Customer relationships     135,165  
Non-compete agreement     10,000  
Goodwill   $ 9,609  
Total goodwill and intangible assets     154,774  
         
Assumed Debt     (59,057 )
Deferred tax liability     (38,852 )
Total consideration for acquisition   $ 209,725
Schedule of pro-forma financial results reflect the historical operating results of acquired entities
 

March 31, 2017

    March 31, 2016  
Revenues   $ 1,766,453     $ 1,762,702  
Net income (loss) from continuing operations     (161,423 )     72,344  
Net income (loss)     (142,676 )     (12,876 )
Net income (loss) attributable to common shareholders     (192,676 )     (62,876 )
                 
Income (loss) per share – basic and diluted   $ (0.002 )   $ (0.001 )
Weighted average shares outstanding – basic and diluted     69,060,716       65,568,229