BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2014

BUSINESS COMBINATIONS

Schedule of unaudited pro forma financial information

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Operating loss	$	(19,365,662	)	$	(928,569	)	$	(22,756,955	)	$	(1,571,977	)
Loss per share	$	(2.55	)	$	(0.13	)	$	(2.99	)	$	(0.22	)

Mind-NRG

BUSINESS COMBINATIONS

Schedule of assets acquired and liabilities assumed

The aggregate consideration of $16.5 million has been allocated to assets acquired and liabilities assumed based on estimated fair values at the February 11, 2014 as follows:

Cash	$	1,167,869
Other assets	71,130
Goodwill	7,185,852
In-process research and development	15,200,000
Deferred tax liability	(6,080,000		)
Accrued expenses	(321,417		)
Proteosys milestone payable	(681,600		)
	$	16,541,834

Sonkei

BUSINESS COMBINATIONS

Schedule of assets acquired and liabilities assumed

The aggregate consideration of $18.9 million has been allocated to assets acquired and liabilities assumed based on estimated fair values at the date of merger November 12, 2013 as follows:

Cash	$	631,478
Goodwill	7,918,387
In-process research and development	19,000,000
Accrued expenses	(334,423		)
Derivative liability	(3,476		)
Deferred taxes	(7,588,600		)
Convertible promissory notes (see Note 7)	(680,000		)
	$	18,943,366