Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.7.0.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2016
Clouding Corp  
Summary of 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 

 

 

 

 

 

 

 

Medtech Group  
Summary of net purchase price paid, assets and liabilities

Intangible assets

 

$
12,800,000 

 

Goodwill

 
2,700,000 

 

 

 

 

 

Net purchase price

 

$
15,500,000