Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.3.1.900
ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2015
CyberFone  
Net purchase price paid, assets and liabilities

Intangible assets

 

$

1,135,512 

 

Goodwill

 

2,144,488 

 

 

 

 

 

Net purchase price

 

$

3,280,000 

 

 

 

 

 

 

 

Selene Communication Technologies  
Net purchase price paid, assets and liabilities

Intangible assets

 

$

910,000 

 

Net working capital

 

37,000 

 

Goodwill

 

83,000 

 

 

 

 

 

Net purchase price

 

$

1,030,000 

 

 

 

 

 

 

 

Clouding Corp  
Net purchase price paid, assets and liabilities

Intangible assets

 

$

14,500,000 

 

Goodwill

 

1,296,000 

 

 

 

 

 

Net purchase price

 

$

15,796,000 

 

 

 

 

 

 

 

Total consideration paid of the following:

 

Cash

 

$

1,400,000 

 

Promissory Note

 

1,000,000 

 

Common Stock

 

281,000 

 

Earn-Out Liability

 

13,115,000 

 

 

 

 

 

Net purchase price

 

$

15,796,000 

 

 

 

 

 

 

 

TLI Communications LLC  
Net purchase price paid, assets and liabilities

Intangible assets

 

$

940,000 

 

Goodwill

 

228,000 

 

 

 

 

 

Net purchase price

 

$

1,168,000 

 

 

 

 

 

 

 

Medtech Entities  
Net purchase price paid, assets and liabilities

Intangible assets

 

$

12,800,000 

 

Goodwill

 

2,700,000 

 

 

 

 

 

Net purchase price

 

$

15,500,000