Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.7.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values and the information available to management. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date.
 
Cash
 
$
362
 
Property and equipment
 
 
7,820
 
Intangibles
 
 
11,147,540
 
Total assets acquired
 
$
11,155,722
 
Liability assumed (HPI)
 
 
(3,874,000)
 
Other liabilities assumed, including $469,939 of notes payable
 
 
(1,224,314)
 
Net assets acquired/total consideration transferred
 
$
6,057,408
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Intangible assets consisted of the following at December 31, 2016 and December 31, 2015:
 
 
 
December 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Intangibles acquired from Moleculin, LLC
 
$
11,147,540
 
$
 
Business Acquisition, Pro Forma Information [Table Text Block]
This information has been compiled from historical financial statements and is not necessarily indicative of the results that actually would have been achieved had the transaction already occurred or that may be achieved in the future.
 
 
 
Pro Forma
 
 
 
 
 
For the Year
 
Pro Forma
 
 
 
Ended
 
For Year Ended
 
 
 
December
 
December
 
 
 
31,
 
31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Total operating expenses
 
$
(3,979,316)
 
 
(688,101)
 
Net loss
 
$
(3,962,997)
 
 
(164,128)
 
Net loss per common share – basic and diluted
 
$
(0.42)
 
 
(0.04)
 
Weighted average outstanding common shares – basic and diluted
 
 
9,401,028
 
 
4,273,239