| 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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10,730
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Accounts receivable, net
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4,193
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Inventory
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5,318
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Other assets
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7,024
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Goodwill
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1,137,235
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Total assets acquired
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1,164,500
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Liabilities assumed
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(454,000)
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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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Three Months Ended March 31, 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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940,172
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$
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90,581
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$
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-
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$
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1,030,753
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Cost of revenues
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263,914
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23,136
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-
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287,050
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Gross margin
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676,258
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67,445
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-
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743,703
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Operating expenses
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General and administrative
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1,161,387
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17,943
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-
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1,179,330
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Sales and marketing
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1,092,900
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95,756
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-
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1,188,656
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Engineering, research, and development
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114,144
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-
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-
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114,144
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Depreciation and amortization
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55,746
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609
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-
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56,355
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Total operating expenses
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2,424,177
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114,308
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-
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2,538,485
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Loss from operations
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(1,747,919)
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(46,863)
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-
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(1,794,782)
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Other income/(expense)
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Interest income
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56
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-
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-
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56
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Interest expense
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-
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(8,868)
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-
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(8,868)
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Change in fair value of derivative liabilities
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18,325
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-
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-
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18,325
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Foreign Currency Gain/(Loss)
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-
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22,020
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-
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22,020
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Total other income/(expense)
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18,381
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13,152
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-
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31,533
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Loss before income taxes
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(1,729,538)
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(33,711)
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-
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(1,763,249)
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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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(1,729,538)
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$
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(33,711)
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$
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-
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$
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(1,763,249)
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Net loss per share - basic and diluted
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$
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(0.08)
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$
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(0.08)
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Weighted average number of shares
during the period - basic and diluted
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23,022,420
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23,022,420
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