Annual report pursuant to section 13 and 15(d)

3. Acquisitions (Tables)

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3. Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Acquisitions Tables  
Purchase price allocated to the fair value of the net assets
Accounts receivable   $ 1,486,552  
Other current assets     127,161  
Property and equipment     8,139,318  
Intangible assets subject to amortization     21,866,000  
Goodwill     2,520,605  
Current liabilities     (2,031,186 )
    $ 32,108,450  
Schedule of net assets acquired
Cash   $ 496,352  
Accounts receivable     2,215,172  
Inventory     320,034  
Other current assets     214,463  
Property and equipment     1,463,322  
Other assets     2,600  
Intangible assets subject to amortization     15,765,000  
Goodwill     2,381,301  
Current liabilities, including $1,129,000 related to a working capital adjustment     (3,258,244 )
    $ 19,600,000  
Pro forma financial information
  ($000’s)   For the year ended December 31,  
    2013     2012  
Revenues   $ 94,148     $ 97,098  
Net loss   $ (12,490 )   $ (20,253 )