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Business Acquisition (Tables)
 9 Months Ended
Jul. 31, 2012
Components of Purchase Price at Fair Value

The following table summarizes the components of the purchase price at fair value:

 

Cash consideration paid   $ 2,800,000  
RF Industries, Ltd. common shares issued (762,738 shares)     2,800,000  
Total consideration   $ 5,600,000  
Allocation of Purchase Price at Fair Value

The following table summarizes the allocation of the purchase price at fair value:

 

Other assets   $ 6,000  
Accounts receivable     814,000  
Inventories     442,000  
Property, plant and equipment     313,000  
Intangible assets     2,415,000  
Goodwill (all non-deductible for tax purposes)     3,076,000  
Interest bearing liabilities     (7,000 )
Non-interest bearing liabilities     (423,000 )
Deferred tax liabilities     (1,036,000 )
Net assets   $ 5,600,000  
Pro Forma Financial Information

Pro forma financial information is presented in the following table:

 

    (Unaudited)  
Three Months
Ended July 31,
2011		     (Unaudited) 
Nine Months
Ended July 31,
2011		  
             
Revenue   $ 5,657,085     $ 17,053,593  
Net income     110,007       920,644  
                 
Earnings per share:                
Basic   $ .02     $ .13  
Diluted   $ .01     $ .12