Business Combination (Tables)

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of preliminary allocation of the purchase price

The following represents the preliminary allocation of the purchase price:

Total purchase price - fair value of common stock issued	$	2,584,090
Fair value of tangible assets acquired:
Cash		1,367,211
Receivables		557,112
Inventory		1,073,855
Property and equipment		250,636
Other assets		359,587
Fair value of identifiable intangible assets acquired:
Customer relationships		1,094,000
Developed technology		458,000
Trademarks and tradenames		461,000
Fair value of goodwill		291,747
Fair value of liabilities assumed		3,329,058
	$	2,584,090

Schedule of unaudited pro forma financial information

The following unaudited pro forma financial information summarizes the results of operations for the periods indicated as if the Merger had been completed as of January 1, 2014. Pro forma information primarily reflects adjustments relating to (i) elimination of the interest on AdvanDx’s outstanding debt, and (ii) the amortization of intangibles acquired. The pro forma amounts do not purport to be indicative of the results that would have actually been obtained if the acquisition occurred as of January 1, 2014 or that may be obtained in the future:

Unaudited pro forma results	Nine months ended				Three months ended
	September 30,		September 30,		September 30,		September 30,
	2015		2014		2015		2014
Revenues	$	3,902,337	$	6,631,510	$	1,126,530	$	1,955,894
Net loss	$	(15,623,109)	$	(11,784,997)	$	(4,650,817)	$	(4,517,541)
Net loss per share	$	(2.29)	$	(11.72)	$	(0.38)	$	(4.49)