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Business Combination (Tables)
9 Months Ended
Sep. 30, 2018
Business Combination  
Schedule of total consideration exchanged

 

 

 

 

 

    

(Unaudited)

Fair value of Jaguar common stock

 

$

25,303,859

Fair value of Jaguar common stock warrants

 

 

630,859

Fair value of replacement restricted stock units

 

 

3,300,555

Fair value of replacement stock options

 

 

5,691

Cash

 

 

2,000,000

Effective settlement of receivable from Napo

 

 

464,295

Total consideration exchanged

 

$

31,705,259

 

Schedule of purchase price allocation to assets and liabilities assumed in the transaction

 

 

 

 

Current assets

    

$

2,578,114

Non-current assets

 

 

396,247

Identifiable intangible assets

 

 

36,400,000

Current liabilities

 

 

(4,052,180)

Convertible notes payable

 

 

(12,473,501)

Deferred tax liability

 

 

(13,181,242)

Net assets acquired

 

 

9,667,438

Goodwill on acquisition

 

 

22,037,821

Total consideration

 

$

31,705,259

 

Schedule of unaudited proforma results

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

    

2017

    

2017

    

Net sales

 

$

1,253,447

 

$

3,894,222

 

Net income (loss)

 

$

5,281,573

 

$

(2,905,689)

 

Net loss per share, basic and diluted

 

$

0.10

 

$

(0.10)