Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.3.1.900
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2015
Business Combination [Member]  
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
Allocation of Purchase Price:
 
 
 
 
 
 
 
 
 
SoftCare
 
MedTech
 
Customer relationships
 
$
373,000
 
$
134,200
 
Acquired technology
 
 
81,000
 
 
-
 
Goodwill
 
 
243,248
 
 
168,410
 
Tangible assets
 
 
8,000
 
 
-
 
 
 
$
705,248
 
$
302,610
 
Business Acquisition, Pro Forma Information [Table Text Block]
 
 
For the year ended December 31,
 
 
 
2015
 
2014
 
 
 
(Unaudited)
 
(Unaudited)
 
Total revenue
 
$
24,225,004
 
$
31,571,078
 
Net loss attributable to common shareholders
 
$
(6,757,720)
 
$
(8,727,316)
 
Net loss per common share
 
$
(0.69)
 
$
(1.23)
 
Acquired Businesses [Member]  
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the final historical purchase price consideration as of July 28, 2014 and the allocation of the purchase price to the net assets acquired:
 
 
 
 
 
 
 
 
 
 
 
Contingent
 
 
 
 
 
Common Stock
 
 
 
Acquired
 
Consideration
 
Total
 
 
 
Shares
 
Value
 
Cash
 
Backlog
 
Adjustment
 
Consideration
 
 
 
(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