BUSINESS COMBINATION AND DECONSOLIDATION OF SUBSIDIARY (Tables)

6 Months Ended

Jun. 30, 2019

Business Combination And Deconsolidation Of Subsidiary

Purchase price of acquisition

	Shares		Amount
Upfront Consideration Shares		5,700,000	$	19,038,000
Adjusted Contingent Shares		8,410,875		14,627,358
Acquisition Warrant Shares		8,018,071		4,642
Acquisition costs		-		399,942
Total purchase price		22,128,946	$	34,069,942

Schedule of assets acquired and liabilities assumed

The following table summarizes the preliminary estimated fair values of the assets and liabilities assumed in the CHI acquisition, which is subject to change during measurement period:

Net assets acquired:
Cash	$	8,487,489
Note receivable from CURE		2,000,000
Property, plant and equipment		82,700
Patents and development technology		650,000
In-process research and development		14,460,000
Goodwill		9,178,477
Accounts payable		(353,856	)
Payroll tax liabilities		(834,810	)
Net assets acquired		33,670,000
Acquisition costs		399,942
Net assets acquired and acquisition costs incurred	$	34,069,942

Finite-Lived and Indefinite-Lived Intangible Assets Acquired

Information regarding identifiable intangible assets acquired in the CHI acquisition is presented below:

	Weighted-average Estimated useful life	Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
Patent and developed technology	11.0 years	$	650,000
In-Process research and development	14.0 years		14,460,000
Total finite-lived intangible assets acquired	14.0 years		15,110,000

Schedule of business combination

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net revenues	$	107,926		$	407,588		$	182,426		$	838,774
Net loss		(14,590,578			(2,344,350			(24,739,485			(4,200,631
Net loss attributable to Cure per common share, basic	$	(0.36	)	$	(0.08	)	$	(0.67	)		(0.14
Net loss attributable to Cure per common share, diluted		(0.36			(0.08			(0.67			(0.14

Summary of Deconsolidation of Oak Therapeutics, Inc.

The following information summarizes the results of operations of Oak for the period January 1, 2019 through April 15, 2019, the date of deconsolidation:

	January 1, 2019 through April 15, 2019
Revenue	$	-
Net loss	$	29,185