Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Acquisitions [Abstract]  
Purchase Price Allocations

The allocation of the purchase price to assets and liabilities based upon fair value determinations was as follows:







 

 

 



 

 

 

Cash

 

$

11,088 

Accounts receivable, net

 

 

718 

Other assets

 

 

2,617 

Fixed assets

 

 

4,407 

Intangible assets

 

 

20,300 

Goodwill

 

 

1,129,493 

Total assets acquired

 

 

1,168,623 

Liabilities assumed

 

 

(458,123)

Net assets acquired

 

$

710,500 



The purchase price consists of the following:







 

 

 



 

 

 

Common stock

 

$

710,500 

Total purchase price

 

$

710,500 



Pro Forma Information

Mobivity Holdings Corp.

Unaudited Pro Forma Condensed Consolidated Statement of Operations

For the year ended December 31, 2016







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobivity

 

Livelenz

 

Pro forma
adjustments

 

Pro forma
combined

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

8,432,616 

 

$

4,300 

 

$

 -

 

 

$

8,436,916 

Cost of revenues

 

 

2,096,392 

 

 

120 

 

 

 -

 

 

 

2,096,512 

Gross profit

 

 

6,336,224 

 

 

4,180 

 

 

 -

 

 

 

6,340,404 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

4,385,763 

 

 

20,071 

 

 

 -

 

 

 

4,405,834 

Sales and marketing

 

 

5,038,041 

 

 

7,087 

 

 

 -

 

 

 

5,045,128 

Engineering, research, and development

 

 

1,712,750 

 

 

 -

 

 

 -

 

 

 

1,712,750 

Depreciation and amortization

 

 

709,456 

 

 

76 

 

 

 -

 

 

 

709,532 

Total operating expenses

 

 

11,846,010 

 

 

27,234 

 

 

 -

 

 

 

11,873,244 

Loss from operations

 

 

(5,509,786)

 

 

(23,054)

 

 

 -

 

 

 

(5,532,840)

Other income/(expense)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

2,780 

 

 

 -

 

 

 -

 

 

 

2,780 

Interest expense

 

 

(77,361)

 

 

(3,452)

 

 

 -

 

 

 

(80,813)

Intangible asset impairment

 

 

(1,684,203)

 

 

 -

 

 

 -

 

 

 

(1,684,203)

Goodwill impairment

 

 

(2,247,447)

 

 

 -

 

 

 -

 

 

 

(2,247,447)

Foreign currency gain/(loss)

 

 

1,556 

 

 

 -

 

 

 -

 

 

 

1,556 

Total other income/(expense)

 

 

(4,004,675)

 

 

(3,452)

 

 

 -

 

 

 

(4,008,127)

Loss before income taxes

 

 

(9,514,461)

 

 

(26,506)

 

 

 -

 

 

 

(9,540,967)

Income tax expense

 

 

 -

 

 

 -

 

 

 -

 

 

 

 -

Net loss

 

$

(9,514,461)

 

$

(26,506)

 

$

 -

 

 

$

(9,540,967)

Other comprehensive loss, net of income tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(32,999)

 

 

 -

 

 

 -

 

 

 

(32,999)

Comprehensive loss

 

$

(9,547,460)

 

$

(26,506)

 

$

 -

 

 

$

(9,573,966)

Net loss per share - basic and diluted

 

$

(0.29)

 

 

 

 

 

 

 

 

$

(0.29)

Weighted average number of shares during the period -basic and diluted

 

 

32,797,631 

 

 

 

 

 

 

 

 

 

32,797,631 





The following information presents unaudited pro forma consolidated results of operations for the year ended December 31, 2015,  as if the Livelenz acquisition described above had occurred on January 1, 2015. The pro forma financial information is not necessarily indicative of the operating results that would have occurred if the acquisition been consummated as of the date indicated, nor are they necessarily indicative of future operating results.



Mobivity Holdings Corp.

Unaudited Pro Forma Condensed Consolidated Statement of Operations

For the year ended December 31, 2015







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mobivity

 

Livelenz

 

Pro forma
adjustments

 

Pro forma
combined

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

4,618,988 

 

$

230,214 

 

$

 -

 

 

$

4,849,202 

Cost of revenues

 

 

1,066,669 

 

 

71,301 

 

 

 -

 

 

 

1,137,970 

Gross profit

 

 

3,552,319 

 

 

158,913 

 

 

 -

 

 

 

3,711,232 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

4,555,895 

 

 

70,633 

 

 

 -

 

 

 

4,626,528 

Sales and marketing

 

 

4,150,793 

 

 

222,747 

 

 

 -

 

 

 

4,373,540 

Engineering, research, and development

 

 

728,741 

 

 

 -

 

 

 -

 

 

 

728,741 

Depreciation and amortization

 

 

361,840 

 

 

3,705 

 

 

 -

 

 

 

365,545 

Total operating expenses

 

 

9,797,269 

 

 

297,085 

 

 

 -

 

 

 

10,094,354 

Loss from operations

 

 

(6,244,950)

 

 

(138,172)

 

 

 -

 

 

 

(6,383,122)

Other income/(expense)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

1,540 

 

 

 -

 

 

 -

 

 

 

1,540 

Interest expense

 

 

(847)

 

 

(45,403)

 

 

 -

 

 

 

(46,250)

Intangible asset impairment

 

 

(21,188)

 

 

 -

 

 

 -

 

 

 

(21,188)

Change in fair value of derivative liabilities

 

 

42,659 

 

 

 -

 

 

 -

 

 

 

42,659 

Gain on adjustment of contingent consideration

 

 

89,740 

 

 

 -

 

 

 -

 

 

 

89,740 

Foreign currency gain/(loss)

 

 

 -

 

 

39,118 

 

 

 -

 

 

 

39,118 

Total other income/(expense)

 

 

111,904 

 

 

(6,285)

 

 

 -

 

 

 

105,619 

Loss before income taxes

 

 

(6,133,046)

 

 

(144,457)

 

 

 -

 

 

 

(6,277,503)

Income tax expense

 

 

 -

 

 

 -

 

 

 -

 

 

 

 -

Net loss

 

$

(6,133,046)

 

$

(144,457)

 

$

 -

 

 

$

(6,277,503)

Net loss per share - basic and diluted

 

$

(0.23)

 

 

 

 

 

 

 

 

$

(0.24)

Weighted average number of shares during the period -basic and diluted

 

 

26,684,927 

 

 

 

 

 

 

 

 

 

26,684,927