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Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
Business Acquisition, Pro Forma Information

The following table presents the unaudited pro forma consolidated financial information for 2015 (in thousands):

Unaudited pro forma financial information

(Athenex, Polymed, and CDE

 

Year Ended

December 31,

 

consolidated)

 

2015

 

Consolidated revenue

 

$

21,032

 

Consolidated net loss

 

$

(51,682

)

 

Polymed  
Summary of the Purchase Price and the Initial Estimates of the Fair Values of Assets and Liabilities Acquired at the Date of Acquisition

The following table summarizes the purchase price and the initial estimates of the fair values of assets and liabilities acquired at the date of acquisition (in thousands):

Consideration:

 

 

 

 

Cash

 

$

9,285

 

Debt repaid

 

 

2,234

 

Promissory notes

 

 

3,275

 

Stock issued (1,538,464 shares at $7.50)

 

 

11,538

 

Contingent consideration

 

 

4,488

 

Purchase price

 

$

30,820

 

Net assets acquired:

 

 

 

 

Cash

 

$

443

 

Accounts receivable

 

 

4,527

 

Inventories

 

 

3,876

 

Other assets

 

 

199

 

Property and equipment

 

 

1,011

 

Customer list

 

 

1,593

 

Technology

 

 

3,712

 

Accounts payable and other accruals

 

 

(5,718

)

Deferred income tax liability

 

 

(987

)

Customer deposits

 

 

(40

)

Total identifiable net assets

 

 

8,616

 

Goodwill

 

 

22,204

 

Total purchase price allocation

 

$

30,820

 

 

CDE  
Summary of the Purchase Price and the Initial Estimates of the Fair Values of Assets and Liabilities Acquired at the Date of Acquisition

. The following table summarizes the purchase price and the initial estimates of the fair values of assets and liabilities acquired at the date of acquisition (in thousands):

Consideration:

 

 

 

 

Stock issued (1,651,264 shares at $9)

 

$

14,861

 

Purchase price

 

$

14,861

 

Net assets acquired:

 

 

 

 

Cash

 

$

1,699

 

Accounts receivable

 

 

107

 

Inventories

 

 

166

 

Other assets

 

 

449

 

Property and equipment

 

 

1,803

 

In-process research & development

 

 

1,884

 

Investment

 

 

144

 

Accounts payable and other accruals

 

 

(1,671

)

Mortgage liability

 

 

(1,099

)

Total identifiable net assets

 

 

3,482

 

Goodwill

 

 

11,379

 

Total purchase price allocation

 

$

14,861