Quarterly report pursuant to sections 13 or 15(d)

Acquisitions (Tables)

v2.4.0.8
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2013
MW Commodity Advisors, LLC [Member]
 
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 [Member]
 
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 preliminary allocation of the excess of the purchase price over the fair value of assets acquired and liabilities assumed 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 consolidated Company had the acquisitions occurred as of January 1, 2013 and 2012, nor is it necessarily indicative of future results.

 

     Pro Forma Six
Months Ended
June 30, 2013
     Pro Forma Six
Months Ended
June 30, 2012
 

Total Revenue

   $ 28,385       $ 25,128   

Net Income

   $ 10,981       $ 9,469