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ABEONA THERAPEUTICS LLC ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2016

ABEONA THERAPEUTICS LLC ACQUISITION [Abstract]

Schedule of purchase price allocation

The following purchase price allocation is as follows:

Total purchase price
Initial consideration		$	31,758,000
Contingent consideration			6,489,000
Total purchase price		$	38,247,000
Allocation of the purchase price
Cash		$	3,697,000
Accounts receivable			1,000
Prepaid expenses			28,000
Property and equipment			51,000
Other assets			1,000
Accounts payable			(153,000	)
Total tangible assets			3,625,000
Licensing agreement			2,156,000
Goodwill			32,466,000
Total net asset value		$	38,247, 000

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- References

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

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