Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.4.0.3
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The purchase price allocation for Jade is preliminary pending completion of the fair value analysis of acquired assets and liabilities:
 
 
 
Jade
 
Current assets (1)
 
$
600,604
 
Intangible assets
 
 
2,702,314
 
Property, plant and equipment (net)
 
 
649
 
Accounts payable and other liabilities
 
 
(393,801)
 
Contingent consideration
 
 
1,210,000
 
Assumed liabilities
 
 
(300,000)
 
Total purchase price
 
$
3,819,766
 
 
(1)
Current assets include cash, grants receivable and prepaid expenses of $0.186 million , $0.046 million and $0.369 million, respectively, related to the Jade Acquisition.
Business Acquisition, Pro Forma Information [Table Text Block]
The following table includes the pro forma results for the three months ended March 31, 2016 and 2015 of the combined companies as though the Jade  Acquisition had been completed as of the beginning of the period presented.
 
 
 
For the three months ended March 31,
 
 
 
2016
 
2015
 
Revenues
 
$
282,924
 
$
151,051
 
Net income (loss)
 
 
(2,374,993)
 
 
(2,782,685)
 
Net loss attributable to common stockholders
 
 
(2,375,546)
 
 
(11,009,870)