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 Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the final purchase price allocation and the fair value of the net assets acquired and liabilities assumed in the Jade Acquisition at the date of acquisition:
 
 
 
Jade
 
Current Assets1
 
$
600,604
 
Intangible Asset (In-Process R&D)
 
 
4,212,314
 
Property, Plant and Equipment, Net
 
 
649
 
Accounts Payable and Other Liabilities
 
 
(393,801)
 
Contingent Consideration (face value $2,164,451)
 
 
(1,210,000)
 
Assumed Liabilities
 
 
(300,000)
 
Total Purchase Price
 
$
2,909,766
 
 
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 unaudited pro forma results for the nine months ended September 30, 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 nine months ended September 30,
 
 
 
2016
 
2015
 
Revenues
 
$
791,813
 
$
425,792
 
Net Loss
 
 
(9,574,936)
 
 
(5,791,778)
 
Net Loss Attributable to Common Stockholders
 
 
(9,575,489)
 
 
(5,689,416)