Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

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Acquisition (Tables)
9 Months Ended
Jun. 30, 2015
Acquisition Tables  
Allocation of intangible assets

The intangibles were recorded, based on the Company’s estimate of fair value, which are expected to consist primarily of customer lists and trade name with an estimated life of ten years and goodwill. Upon completion of an independent purchase price allocation and valuation, the allocation intangible assets were adjusted accordingly. 

 

$ 676     Assets Purchased 
  452     Liabilities Assumed 
  224     Net Assets Purchased 
  7,730     Purchase Price 
$ 7,506     Intangible Asset from Purchase 

 

The primary intangible assets acquired have been identified as the customer list, trade name and goodwill and have been allocated as follows: 

 

$ 1,470     Customer list 
  746     Trade name 
  5,290     Goodwill 
$ 7,506      
Schedule of acquisition of Scribe
Pro Forma    Nine Months Ended June 30, 2015      Nine Months Ended June 30, 2014      Three Months Ended June 30, 2014   
Net sales    $ 33,100     $ 33,126     $ 10,859  
Cost of sales      22,748       23,177       7,567  
Operating expenses      10,658       11,175       3,780  
Net loss    $ (3,197 )   $ (1,524 )   $ (578 )
Basic and dilutive income per common share    $ (0.11 )   $ (0.06 )   $ (0.02 )