Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2016
Business Acquisition, Pro Forma Information

The pro forma information has been included for comparative purposes and is not indicative of results of operations of the Company had the acquisitions occurred on the above date, nor is it necessarily indicative of future results.

 

    Years Ended December 31,  
    2016     2015  
    ($ in thousands, except per share data)  
Total revenue   $ 40,825     $ 56,560  
Net loss attributable to common shareholders   $ (17,452 )   $ (17,508 )
Net loss per common share   $ (1.74 )   $ (1.80 )

2016 Acquisitions [Member]  
Schedule of Business Acquisitions, by Acquisition

The following table summarizes the purchase price allocation.

 

Allocation of Purchase Price:

 

    GCB     RMB     WFS     MediGain  
Customer relationships   $ 1,100,000     $ 190,000     $ 265,000     $ 2,650,000  
Working capital     -       -       -       813,000  
Goodwill     344,000       135,000       23,000       2,707,000  
Non-compete agreement     20,000       -       10,000       -  
Tangible assets     16,000       -       -       229,000  
Software and trademarks     -       -       -       601,000  
    $ 1,480,000     $ 325,000     $ 298,000     $ 7,000,000  

2015 Acquisitions [Member]  
Schedule of Business Acquisitions, by Acquisition

The following table summarizes the final purchase price allocation for the 2015 Acquisitions.

 

Allocation of Purchase Price:

 

    SoftCare     MedTech  
Customer relationships   $ 373,000     $ 134,000  
Acquired technology     81,000       -  
Goodwill     243,000       168,000  
Tangible assets     8,000       -  
    $ 705,000     $ 302,000