Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v2.4.1.9
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
MW Commodity Advisors, LLC  
Business Acquisition [Line Items]  
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  
Business Acquisition [Line Items]  
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 Year
Ended
December 31, 2013

 

 

  

Pro Forma Year
Ended
December 31, 2012

 

Total Revenue

  

$

60,279

  

 

  

$

52,390

  

Net Income

  

$

17,220

  

 

  

$

19,846