XML 73 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquisitions
 9 Months Ended
Sep. 30, 2012
Acquisitions [Abstract]  
Acquisitions [Text Block]
Acquisitions
 
Amorcyte Acquisition
 
On October 17, 2011 (the “Closing Date”), Amo Acquisition Company I, Inc. (“Subco”), a newly-formed wholly-owned subsidiary of NeoStem, merged (the “Amorcyte Merger”) with and into Amorcyte, Inc., a Delaware corporation (“Amorcyte”), in accordance with the terms of the Agreement and Plan of Merger, dated as of July 13, 2011 (the “Amorcyte Merger Agreement”), among NeoStem, Amorcyte, Subco, and Amo Acquisition Company II, LLC (“Subco II”). As a result of the consummation of the Amorcyte Merger, Amorcyte is now a wholly-owned subsidiary of NeoStem. Amorcyte is a development stage cell therapy company focusing on novel treatments for cardiovascular disease.
 
The fair value of assets acquired and liabilities assumed on October 17, 2011 is as follows (in thousands):
 
Cash
$
92.9

Prepaid Expenses
178.2

In Process R&D
9,400.0

Goodwill
4,104.5

Accounts Payable & Accrued Liabilities
1,177.1

Deferred Tax Liability
3,774.7

Amount Due Related Party
340.4


 
The total cost of the acquisition has been allocated to the assets acquired and the liabilities assumed based upon their estimated fair values at the date of the acquisition. The Company completed its review of the final allocation and valuation during the second quarter of 2012 and there were no changes from our preliminary assessment.