| 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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2,843
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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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1,123,269
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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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Six Months Ended June 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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2,031,417
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$
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133,597
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$
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-
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$
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2,165,014
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Cost of revenues
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533,952
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43,701
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-
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577,653
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Gross margin
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1,497,465
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89,896
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-
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1,587,361
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Operating expenses
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General and administrative
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2,208,226
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47,427
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-
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2,255,653
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Sales and marketing
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1,890,228
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144,466
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-
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2,034,694
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Engineering, research, and development
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315,706
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-
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-
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315,706
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Depreciation and amortization
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138,486
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2,045
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-
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140,531
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Total operating expenses
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4,552,646
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193,938
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-
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4,746,584
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Loss from operations
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(3,055,181)
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(104,042)
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-
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(3,159,223)
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Other income/(expense)
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Interest income
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547
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-
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-
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547
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Interest expense
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-
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(20,580)
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-
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(20,580)
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Change in fair value of derivative liabilities
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(6,815)
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-
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-
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(6,815)
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Gain on adjustment in contingent consideration
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2,000
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2,000
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Foreign Currency Gain/(Loss)
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-
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21,045
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-
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21,045
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Total other income/(expense)
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(4,268)
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465
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-
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(3,803)
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Loss before income taxes
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(3,059,449)
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(103,577)
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-
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(3,163,026)
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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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(3,059,449)
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$
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(103,577)
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$
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-
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$
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(3,163,026)
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Net loss per share - basic and diluted
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$
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(0.12)
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$
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(0.13)
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Weighted average number of shares
during the period - basic and diluted
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24,713,302
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24,713,302
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