| Purchase Price Allocations |
The allocation of the purchase price to assets and liabilities based upon fair value determinations was as follows:
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Cash
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$
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11,088
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Accounts receivable, net
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718
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Inventory
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4,457
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Other assets
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2,617
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Fixed assets
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4,407
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Intangible assets
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20,300
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Goodwill
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1,125,036
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Total assets acquired
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1,168,623
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Liabilities assumed
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(458,123)
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Net assets acquired
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$
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710,500
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The purchase price consists of the following:
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Common stock
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$
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710,500
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Total purchase price
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$
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710,500
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| Pro Forma Information |
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Mobivity Holdings Corp.
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Unaudited Pro Forma Condensed Consolidated Statement of Operations
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Nine Months Ended September 30, 2015
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Mobivity
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Livelenz
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Pro forma
adjustments
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Pro forma
combined
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Revenues
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Revenues
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$
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3,335,080
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$
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187,059
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$
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-
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$
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3,522,139
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Cost of revenues
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820,455
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59,230
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-
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879,685
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Gross margin
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2,514,625
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127,829
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-
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2,642,454
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Operating expenses
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General and administrative
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3,276,384
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64,297
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-
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3,340,681
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Sales and marketing
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2,895,748
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191,180
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-
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3,086,928
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Engineering, research, and development
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584,978
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-
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-
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584,978
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Depreciation and amortization
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243,998
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2,819
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-
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246,817
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Total operating expenses
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7,001,108
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258,296
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-
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7,259,404
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Loss from operations
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(4,486,483)
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(130,467)
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-
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(4,616,950)
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Other income/(expense)
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Interest income
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1,054
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-
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-
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1,054
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Interest expense
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-
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(31,658)
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-
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(31,658)
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Change in fair value of derivative liabilities
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34,980
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-
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-
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34,980
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Intangible asset impairment
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(21,188)
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-
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-
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(21,188)
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Gain on adjustment in contingent consideration
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89,740
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89,740
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Foreign Currency Gain/(Loss)
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-
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30,426
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-
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30,426
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Total other income/(expense)
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104,586
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(1,232)
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-
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103,354
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Loss before income taxes
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(4,381,897)
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(131,699)
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-
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(4,513,596)
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Income tax expense
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-
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-
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-
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-
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Net loss
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$
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(4,381,897)
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$
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(131,699)
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$
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-
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$
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(4,513,596)
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Net loss per share - basic and diluted
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$
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(0.17)
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$
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(0.17)
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Weighted average number of shares
during the period - basic and diluted
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25,973,592
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25,973,592
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