Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

The total purchase price of the Diversenergy acquisition is as follows:



Estimated number of shares issued to Diversenergy stockholders	684,963
Multiplied by the fair value per share of Stabilis Common Stock	$	4.38
Cash	$	2,000,000
Purchase price	$	5,000,000

The total purchase price of the Share Exchange is as follows:



Number of shares of the combined company to be owned by AETI stockholders	1,466,092
Multiplied by the fair value per share of AETI Common Stock	$	7.12
Cash	$	650,000
Purchase price	$	11,088,573

Schedule of Fair Value of Assets Acquired, Liabilities Assumed and Non Controlling Interests

The following table summarizes the preliminary allocation of the purchase price to the fair value of the respective assets and liabilities acquired (in thousands). The purchase price allocations were prepared on a preliminary basis and are subject to change as additional information becomes available concerning the fair value and tax basis of the assets acquired and liabilities assumed. Any measurement period adjustments to the purchase price allocation will be made as soon as practicable but no later than one year from the date of acquisition.



Total purchase price	$	5,000
Current Assets	164
Property, plant and equipment, net	507
Other noncurrent assets	114
Total identifiable assets	785
Current liabilities	(99		)
Total liabilities assumed	(99		)
Goodwill	$	4,314

The allocation of the purchase price for the acquired assets and liabilities of the proposed merger is as follows (in thousands):



Total purchase price	$	11,089
Current Assets	3,611
Property, plant and equipment, net	532
Investment in foreign joint venture	9,333
Other noncurrent assets	410
Total identifiable assets	13,886
Accounts payable and other accrued expenses	(3,221		)
Accrued liabilities and other current liabilities	(138		)
Other Liabilities	(84		)
Total liabilities assumed	(3,443		)
Goodwill	$	646

Schedule of Summarized Financial Information

The following table presents summarized financial information of American Electric since July 26, 2019, the acquisition date.



	July 27 - September 30,
	2019
Revenue	$	1,371
Loss before income tax expense	(145		)
Net loss from continuing operations	(145		)

The following table presents preliminary unaudited pro forma results of operations reflecting the acquisition of American Electric as if the acquisition had occurred as of January 1, 2018. This information has been compiled from current and historical financial statements and is not necessarily indicative of the results that actually would have been achieved had the transaction occurred at the beginning of the periods presented or that may be achieved in the future.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Revenue	$	11,302		$	9,934		$	38,543		$	32,451
Loss from operations	(3,335		)	(2,137		)	(4,862		)	(7,126		)
Net loss	(3,557		)	(3,450		)	(5,846		)	(10,328		)
Loss per common share - basic and diluted:	(0.24		)	(0.24		)	(0.40		)	(0.71		)