Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition

Allocation of Purchase Price:

 

    GCB     RMB*     WFS*  
Customer relationships   $ 1,100,000     $ 190,000     $ 265,000  
Goodwill     344,000       135,000       23,000  
Non-compete agreement     20,000       -       10,000  
Tangible assets     16,000       -       -  
    $ 1,480,000     $ 325,000     $ 298,000  

 

*represents the preliminary purchase price allocation
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.

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2016     2015     2016     2015  
    ($000’s, except per share data)  
Total revenue   $ 5,341     $ 7,459     $ 17,669     $ 24,647  
Net loss attributable to common shareholders   $ (1,670 )   $ (1,324 )   $ (5,770 )   $ (8,762 )
Net loss per common share   $ (0.17 )   $ (0.14 )   $ (0.58 )   $ (0.90 )