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Business Acquisition (Tables)

12 Months Ended

Oct. 31, 2012

Business Combinations [Abstract]

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)
		Year ended October 31,
		2011
Revenue		$	23,007,486
Net income		$	775,618
Earnings per share
Basic		$	.12
Diluted		$	.11

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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- Definition

Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation.

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Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination.

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