Quarterly report pursuant to sections 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2013
MW Commodity Advisors, LLC
 
Summary of Purchase Consideration

 

Units issued             

$

  132

  

Call rights option issued             

 

  15

  

Total purchase consideration             

$

  147

  

 

Summary of Final Amounts Allocated to Acquired Assets and Assumed Liabilities

The following table summarizes the final amounts allocated to the acquired assets and assumed liabilities. The excess of the purchase price over the fair values of assets acquired and liabilities assumed was allocated to goodwill and intangible assets.

 

Receivables             

$

  7

  

Liabilities             

 

(7

)

Total fair value of net tangible assets acquired             

 

  

Goodwill             

 

  147

  

Total purchase consideration             

$

  147

  

 

Ten-Sixty
 
Summary of Purchase Consideration

 

Cash paid on date of acquisition             

$

  2,500

  

Note payable due to Ten-Sixty             

 

  1,592

  

Total purchase consideration             

$

  4,092

  

 

Summary of Final Amounts Allocated to Acquired Assets and Assumed Liabilities

The following table summarizes the allocation of the excess of the purchase price over the fair value of assets acquired and liabilities assumed which was allocated to goodwill and intangible assets.

 

Goodwill             

$

  2,345

  

Customer relationships (10 years)             

 

  1,650

  

Non-compete agreements (5 years)             

 

  97

  

Total purchase consideration             

$

  4,092

  

 

Summary of Pro Forma Information

The pro forma information below represents consolidated results of operations as if the acquisition of Commodity Advisors occurred on January 1, 2012 and the acquisition of Ten-Sixty occurred on January 1, 2013 and January 1, 2012. The pro forma information has been included for comparative purposes and is not indicative of results of operations of the Company had the acquisitions occurred as of January 1, 2013 and 2012, nor is it necessarily indicative of future results.

 

 

Pro Forma Nine
Months Ended
September 30, 2013

 

  

Pro Forma Nine
Months Ended
September 30, 2012

 

Total Revenue             

$

  43,122

  

  

$

  38,085

  

Net Income             

$

  13,231

  

  

$

  14,234