Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

v3.3.1.900
Acquisition (Tables)
12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Summary of Total Purchase Price
The total purchase price is summarized as follows:
 
 
 
Amount
 
Stock consideration (781 shares)
 
$
1,071
 
Estimated contingent consideration
 
 
768
 
Total purchase price
 
$
1,839
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated fair values of the assets acquired as of the acquisition date:
 
 
 
Amount
 
Fixed assets
 
$
40
 
Intangible assets
 
 
1,610
 
Total identifiable assets acquired
 
 
1,650
 
Goodwill
 
 
189
 
Net assets acquired
 
$
1,839
 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class
Acquired intangible assets as of December 31, 2015 were as follows:
 
 
 
Gross 
Amount
 
Accumulated
Amortization
 
Net 
Carry
Amount
Estimated Useful Life
 
Developed technology
 
$
1,160
 
$
19
 
$
1,141
 
 
3 yrs
 
Customer relationships
 
 
70
 
 
1
 
 
69
 
 
3 yrs
 
Customer trade name
 
 
380
 
 
6
 
 
374
 
 
3 yrs
 
 
 
$
1,610
 
$
26
 
$
1,584
 
 
 
 
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information reflects the Company’s consolidated statement of operations as if the acquisition of Equipois had taken place on January 1, 2014. The pro forma information includes adjustments for royalty revenue, impact from the Supply Agreement, and the amortization of intangible assets. The pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction been effected on the assumed date.  
 
 
 
Years Ended December 31
 
 
 
2015
 
2014
 
Revenue
 
$
9,434
 
$
5,449
 
Net loss
 
$
(19,590)
 
$
(33,978)