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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Business combinations

Schedule of pro forma financial information

		Three Months Ended March 31, 2014
Net revenues		$	0
Net loss		(1,687,269		)
Basic and diluted loss per share		$	(0.19	)

Paloma and VasculoMedics

Business combinations

Summary of assets acquired and liabilities assumed

		March 3, 2014
Intangibles assets		$	6,449,628
Prepaids and other current assets		23,642
Property, plant and equipment		58,123
Goodwill		3,829,858
Accrued liabilities		(135,000		)
Notes payable and accrued interest		(1,151,725		)
Deferred tax liability		(2,274,526		)
Net assets acquired		$	6,800,000

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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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-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

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-Section 50

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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

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-Publisher FASB

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-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

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