Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

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



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

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



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

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

The allocation of the purchase price for the acquired assets and liabilities of American Electric 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	(2,714		)
Accrued liabilities and other current liabilities	(138		)
Other Liabilities	(84		)
Total liabilities assumed	(2,936		)
Goodwill	$	139

The following table summarizes the allocation of the purchase price to the fair value of the respective assets and liabilities acquired (in thousands). The purchase price allocations 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

Schedule of Summarized Financial Information

The following table presents summarized results of operations of American Electric for the period from July 26, 2019 to December 31, 2019 and are included in the accompanying Consolidated Statement of Operations for the year ended December 31, 2019.



	July 27 - December 31,
	2019
Revenue	$	3,421
Income before income tax expense	769
Net income from continuing operations	691

The following table presents 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.



	Years Ended December 31,
	2019			2018
Revenue	$	50,898		$	44,934
Net loss	(7,389		)	(13,871		)