Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2017
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 

Inventory

 

 

 -

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

Three Months Ended March 31, 2016



 

 

 

 

 

 

 

 

 

 

 

 

 



 

Mobivity

 

Livelenz

 

Pro forma
adjustments

 

 

Pro forma
combined

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,845,240 

 

$

4,300 

 

$

 -

 

 

$

1,849,540 

Cost of revenues

 

 

404,940 

 

 

120 

 

 

 -

 

 

 

405,060 

Gross margin

 

 

1,440,300 

 

 

4,180 

 

 

 -

 

 

 

1,444,480 



 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

1,062,953 

 

 

20,071 

 

 

 -

 

 

 

1,083,024 

Sales and marketing

 

 

1,248,412 

 

 

7,087 

 

 

 -

 

 

 

1,255,499 

Engineering, research, and development

 

 

349,098 

 

 

 -

 

 

 -

 

 

 

349,098 

Depreciation and amortization

 

 

146,388 

 

 

76 

 

 

 -

 

 

 

146,464 

Total operating expenses

 

 

2,806,851 

 

 

27,234 

 

 

 -

 

 

 

2,834,085 



 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(1,366,551)

 

 

(23,054)

 

 

 -

 

 

 

(1,389,605)



 

 

 

 

 

 

 

 

 

 

 

 

 

Other income/(expense)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

368 

 

 

 -

 

 

 -

 

 

 

368 

Interest expense

 

 

(7,593)

 

 

(3,452)

 

 

 -

 

 

 

(11,045)

Foreign Currency Gain/(Loss)

 

 

14,550 

 

 

 -

 

 

 -

 

 

 

14,550 

Total other income/(expense)

 

 

7,325 

 

 

(3,452)

 

 

 -

 

 

 

3,873 



 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

 

(1,359,226)

 

 

(26,506)

 

 

 -

 

 

 

(1,385,732)



 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 -

 

 

 -

 

 

 -

 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(1,359,226)

 

$

(26,506)

 

$

 -

 

 

$

(1,385,732)

Other comprehensive loss, net of income tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

(63,219)

 

 

 -

 

 

 -

 

 

 

(63,219)

Comprehensive loss

 

$

(1,422,445)

 

$

(26,506)

 

$

 -

 

 

$

(1,448,951)



 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic and diluted

 

$

(0.05)

 

 

 

 

 

 

 

 

$

(0.05)



 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares

  during the period - basic and diluted

 

 

29,778,439 

 

 

 

 

 

 

 

 

 

29,778,439