XML 39 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Preliminary allocation of the total purchase price to the fair value of the assets acquired and liabilities assumed
The preliminary allocation of the total purchase price to the fair value of the assets acquired and liabilities assumed during the three months ended June 30, 2014 are as follows:
(in thousands)
 
 
Accounts receivable
 
$
221

Other current assets
 
27

Fixed assets
 
1,124

Goodwill
 
1,948

Patient base
 
263

Licensed trade name
 
34

Other liabilities assumed
 
(937
)
 
 
$
2,680
Pro forma financial information for the Company
The following table provides certain pro forma financial information for the Company as if the acquisition of the assets of CorrectMed had occurred on January 1, 2013:

(in thousands)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
Revenues
 
$
6,319

 
$
7,343

 
$
12,103

 
$
16,116

Net loss
 
(1,352
)
 
(1,833
)
 
(3,102
)
 
(3,160
)
 
 
 
 
 
 
 
 
 
Loss per basic and diluted common share
 
$
(0.21
)
 
$
(0.32
)
 
$
(0.51
)
 
$
(0.55
)