Acquisition and Purchase Price Allocation - Hotel Donauwelle (Tables) - Hotel Donauwelle Betriebsgesellschaft

3 Months Ended

Mar. 31, 2017

Schedule of allocation of fair value of all acquired assets

	Fair Value		Fair Value
	Estimate at		Estimate at
	Acquisition		Acquisition
Purchase Price Allocation	Date		Date
	(Unaudited)		(Unaudited)
Cash	€	368	$	390
Due to seller (10% contingency)		29		31
Erste Bank Loan		3,866		4,096
Total purchase price consideration	€	4,263	$	4,517
Fair value amounts assigned to assets and liabilities acquired:
Buildings	€	4,120	$	4,365
Property & equipment		654		693
Intangibles		5		5
Financial assets		1		1
Current assets		589		625
Accounts payable		(52)		(55)
Short-term liabilities		(773)		(819)
Long-term liabilities		(281)		(298)
Fair value estimate of assets and liabilities acquired	€	4,263	$	4,517

Schedule of unaudited pro forma results of operations

	Three Months Ended		Twelve Months Ended
	March 31, 2017		December 31, 2016
	(Unaudited)		(Unaudited)
REVENUES	$	13,585	$	57,929
NET INCOME	$	727	$	7,111
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		8,859,289		8,838,984
Diluted		9,889,113		9,498,578
EARNINGS PER COMMON SHARE:
Basic	$	0.08	$	0.80
Diluted	$	0.07	$	0.75