General form of registration statement for all companies including face-amount certificate companies

Merger (Tables)

v2.4.0.8
Merger (Tables)
12 Months Ended
Dec. 31, 2012
Estimated fair values of the assets acquired and liabilities assumed

The total acquisition price of $11,847,916 has been allocated as follows:

 

Cash and cash equivalents

   $ 7,201,638   

Other current assets

     40,483   

Notes and accrued interest receivable

     4,555,562   

Goodwill

     169,987   

Intangible assets

     260,000   

Accounts payable and accrued expenses

     (379,754 )
  

 

 

 

Total purchase price

   $ 11,847,916   
Unaudited pro forma results of the Company from merger

These combined results are not necessarily indicative of the results that may have been achieved had the companies always been combined.

 

     Year Ended
December 31,
2011
 
    

Revenues

   $ 4,914,938   

Net Loss

   $ (8,610,775

Basic and diluted net loss per common share

   $ (0.79

Weighted average shares — basic and diluted

     10,957,705