Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 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

   

$

10,730 

Accounts receivable, net

 

 

2,843 

Inventory

 

 

4,457 

Other assets

   

   

2,617 

Fixed assets

 

 

4,407 

Intangible assets

   

   

20,300 

Goodwill

   

   

1,123,269 

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

Six Months Ended June 30, 2015



 

 

 

 

 

 

 

 

 

 

 

 

 



 

Mobivity

 

Livelenz

 

Pro forma
adjustments

 

 

Pro forma
combined

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,031,417 

 

$

133,597 

 

$

 -

 

 

$

2,165,014 

Cost of revenues

 

 

533,952 

 

 

43,701 

 

 

 -

 

 

 

577,653 

Gross margin

 

 

1,497,465 

 

 

89,896 

 

 

 -

 

 

 

1,587,361 



 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

2,208,226 

 

 

47,427 

 

 

 -

 

 

 

2,255,653 

Sales and marketing

 

 

1,890,228 

 

 

144,466 

 

 

 -

 

 

 

2,034,694 

Engineering, research, and development

 

 

315,706 

 

 

 -

 

 

 -

 

 

 

315,706 

Depreciation and amortization

 

 

138,486 

 

 

2,045 

 

 

 -

 

 

 

140,531 

Total operating expenses

 

 

4,552,646 

 

 

193,938 

 

 

 -

 

 

 

4,746,584 



 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(3,055,181)

 

 

(104,042)

 

 

 -

 

 

 

(3,159,223)



 

 

 

 

 

 

 

 

 

 

 

 

 

Other income/(expense)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

547 

 

 

 -

 

 

 -

 

 

 

547 

Interest expense

 

 

 -

 

 

(20,580)

 

 

 -

 

 

 

(20,580)

Change in fair value of derivative liabilities

 

 

(6,815)

 

 

 -

 

 

 -

 

 

 

(6,815)

Gain on adjustment in contingent consideration

 

 

2,000 

 

 

 

 

 

 

 

 

 

2,000 

     Foreign Currency Gain/(Loss)

 

 

 -

 

 

21,045 

 

 

 -

 

 

 

21,045 

Total other income/(expense)

 

 

(4,268)

 

 

465 

 

 

 -

 

 

 

(3,803)



 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(3,059,449)

 

 

(103,577)

 

 

 -

 

 

 

(3,163,026)



 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 -

 

 

 -

 

 

 -

 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,059,449)

 

$

(103,577)

 

$

 -

 

 

$

(3,163,026)



 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic and diluted

 

$

(0.12)

 

 

 

 

 

 

 

 

$

(0.13)



 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

24,713,302 

 

 

 

 

 

 

 

 

 

24,713,302