| 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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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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1,129,493
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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, 2016
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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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6,102,501
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$
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4,300
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$
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-
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$
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6,106,801
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Cost of revenues
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1,473,974
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120
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-
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1,474,094
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Gross margin
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4,628,527
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4,180
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-
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4,632,707
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Operating expenses
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General and administrative
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3,125,484
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20,071
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-
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3,145,555
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Sales and marketing
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3,285,655
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7,087
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-
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3,292,742
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Engineering, research, and development
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1,600,377
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-
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-
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1,600,377
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Depreciation and amortization
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501,866
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76
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-
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501,942
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Total operating expenses
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8,513,382
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27,234
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-
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8,540,616
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Loss from operations
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(3,884,855)
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(23,054)
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-
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(3,907,909)
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Other income/(expense)
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Interest income
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2,278
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-
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-
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2,278
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Interest expense
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(52,960)
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(3,452)
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-
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(56,412)
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Foreign Currency Gain/(Loss)
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1,488
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-
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-
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1,488
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Total other income/(expense)
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(49,194)
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(3,452)
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-
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(52,646)
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Loss before income taxes
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(3,934,049)
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(26,506)
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-
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(3,960,555)
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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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(3,934,049)
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$
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(26,506)
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$
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-
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$
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(3,960,555)
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Other comprehensive loss, net of income tax
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Foreign currency translation adjustments
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(43,626)
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-
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-
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(43,626)
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Comprehensive loss
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$
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(3,977,675)
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$
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(26,506)
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$
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-
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$
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(4,004,181)
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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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(0.12)
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Weighted average number of shares
during the period - basic and diluted
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31,965,484
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31,965,484
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