T-CELL FACTORY ACQUISITION (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Calculation of Purchase Price

The following table presents the calculation of the purchase price (in thousands):

Cash and stock consideration	$	19,260
Contingent consideration		16,622
Working capital adjustment		(59	)
	$	35,823

Summary of Fair Value of Tangible and Intangible Assets Acquired and Liabilities Assumed

The purchase price is allocated between the tangible and intangible assets and assumed liabilities based on their estimated fair values at March 17, 2015. Based on the Company’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price is allocated as follows (in thousands):

Non-compete agreements	$	12,400
Licensing agreements		3,000
Goodwill		24,692
Tangible current assets		361
Tangible non-current assets		214
Liabilities assumed		(4,844	)
	$	35,823

Summary of Amortizable Intangible Assets Acquired With Respective Amortization Periods

The following table presents amortizable intangible assets acquired and their amortization periods (in thousands):

	Estimated		Amortization
	Fair Value		Period
Non-compete agreements	$	12,400	3 Years
Licensing agreements		3,000	10 Years
	$	15,400