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BUSINESS ACQUISITIONS (Tables) - NovalereMember
9 Months Ended
Sep. 30, 2015
Total fair market value of the considerations issued and to be issued for the transaction

The total fair market value of the considerations issued and to be issued for the transaction are as follows:

 

    Shares     FMV  
Closing Consideration Shares     12,947,657     $ 2,071,625  
ANDA Consideration Shares     12,947,655       1,657,300  
  Total     25,895,312     $ 3,728,925  

 

Level 3 inputs under fair value measurements and disclosure guidance, total purchase price summary
The total purchase price is summarized as follows:  
Cash consideration   $ 43,124  
Fair value of  common stock issued at closing     2,071,625  
Fair value of ANDA consideration shares     1,657,300  
Fair value of future earn out payments     1,205,000  
  Total   $ 4,977,049  
Schedule of Assets Acquired and Liabilities Assumed

 

 

Cash   $ 43,124  
Prepaid expenses and other current assets     25,906  
Total Tangible Assets     69,030  
         
Product rights and related Manufacturing agreement     4,681,000  
Trademarks     150,000  
Total identifiable Intangible Assets     4,831,000  
         
Goodwill     120,143  
Total Acquired Assets     5,020,173  
         
Other current liabilities     (43,124 )
Total Assumed Liabilities     (43,124 )
         
Acquired Assets Net of Assumed Liabilities   $ 4,977,049  

 

Schedule of ProForma information

 

   

Nine Months Ended

September 30, 2015

     

Nine Months Ended

September 30, 2014

 
     As Reported     Pro Forma (unaudited)       As Reported     Pro Forma (unaudited)  
Revenue   $ 560,069     $ 560,069     $ 722,959     $ 734,845  
Net Loss   $ (3,224,778 )   $ (3,540,908 )   $ (3,651,676 )   $ (5,356,399 )
Loss per Common Share-basic and diluted   $ (0.08 )   $ (0.08 )   $ (0.13 )   $ (0.13 )
Shares used in computed net loss per common share     53,261,516       53,261,516       28,765,696       41,713,353