General form of registration statement for all companies including face-amount certificate companies

ACQUISITIONS (Tables)

v3.2.0.727
ACQUISITIONS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Business Acquisition [Line Items]    
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the final purchase price consideration and the allocation of the purchase price to the net assets acquired:
 
 
 
 
 
 
 
 
Common Stock
 
Cash
 
Acquired Backlog
 
Contingent
Consideration
Adjustment
 
Total
Consideration
  
 
Shares
 
Value
  
 
(in thousands)
Omni
 
 
1,049
 
 
$
4,079
 
 
$
6,655
 
 
$
103
 
 
$
(329
 
$
10,508
 
Practicare
 
 
293
 
 
 
1,137
 
 
 
2,394
 
 
 
17
 
 
 
(242
 
 
3,306
 
CastleRock
 
 
359
 
 
 
1,395
 
 
 
2,339
 
 
 
28
 
 
 
—
 
 
 
3,762
 
Total
 
 
1,701
 
 
$
6,611
 
 
$
11,388
 
 
$
148
 
 
$
(571
 
$
17,576
 
The following table summarizes the final purchase price consideration and the allocation of the purchase price to the net assets acquired:
 
 
 
 
 
 
 
 
Common Stock
 
Cash
 
Acquired
Backlog
 
Contingent
Consideration
Adjustment
 
Total
Consideration
 
Shares
 
Value
  
 
(in thousands)
Omni
 
 
1,049
 
 
$
4,079
 
 
$
6,655
 
 
$
103
 
 
$
(329
 
$
10,508
 
Practicare
 
 
293
 
 
 
1,137
 
 
 
2,394
 
 
 
17
 
 
 
(242
 
 
3,306
 
CastleRock
 
 
359
 
 
 
1,395
 
 
 
2,339
 
 
 
28
 
 
 
—
 
 
 
3,762
 
Total
 
 
1,701
 
 
$
6,611
 
 
$
11,388
 
 
$
148
 
 
$
(571
 
$
17,576
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The results of the valuation analysis are presented below:
 
 
Customer contracts and relationships
 
$
8,225,000
 
Non-compete agreements
 
 
925,000
 
Tangible assets
 
 
61,256
 
Acquired backlog
 
 
148,408
 
Goodwill
 
 
8,216,336
 
  
 
 
17,576,000
 
The results of the valuation analysis are presented below:
 
 
Customer contracts and relationships
 
$
8,225,000
 
Non-compete agreements
 
 
925,000
 
Tangible assets
 
 
61,256
 
Acquired backlog
 
 
148,408
 
Goodwill
 
 
8,216,336
 
Total purchase consideration
 
$
17,576,000
Business Acquisition, Pro Forma Information [Table Text Block]
 
 
 
Three Months
Ended June 30,
2014
 
Six Months
Ended June 30,
2014
  
 
In ($000s) except per share data
Total revenue
 
$
7,762
 
 
$
15,251
 
Net loss
 
$
(841
 
$
(2,185
Net loss per share
 
$
(0.16
 
$
(0.43
 
Metro Medical Management Services, Inc. [Member]    
Business Acquisition [Line Items]    
Schedule of Business Acquisitions, by Acquisition [Table Text Block]  
Cash paid on date of acquisition
 
$
275,000
 
Promissory note payable to Metro Medical
 
 
1,225,000
 
Total purchase consideration
 
$
1,500,000
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]  
The results of the valuation are presented below:
 
 
Customer contracts and relationships
 
$
904,000
 
Non-compete agreement
 
 
252,000
 
Goodwill
 
 
344,000
 
  
 
$
1,500,000
 
Business Acquisition, Pro Forma Information [Table Text Block]  
 
For the year ended
December 31,
  
 
2014
 
2013
Total revenue
 
$
29,215,097
 
 
$
28,423,215
 
Net loss
 
$
(6,853,392
 
$
(5,660,681
Net loss per share
 
$
(0.97
 
$
(1.11