Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.5.0.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date.
 
Cash
 
$
362
 
Property & equipment
 
 
7,820
 
Intangibles
 
 
11,173,293
 
Total assets acquired
 
 
11,181,475
 
Liability assumed (HPI)
 
 
(3,874,000)
 
Liabilities assumed
 
 
(1,250,067)
 
Net assets acquired/total consideration transferred
 
$
6,057,408
 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
Intangible assets consisted of the following at June 30, 2016 and December 31, 2015:
 
 
 
June 30, 
2016
 
December 31,
2015
 
 
 
 
 
 
 
 
 
Intangibles acquired from Moleculin, LLC and HPI
 
$
11,173,293
 
$
 
Business Acquisition, Pro Forma Information [Table Text Block]
The following comparative table presents the unaudited condensed pro forma results of operations that reflect the acquisition of Moleculin as if the acquisition had occurred as of the first day of each period presented, adjusted for items that are directly attributable to the acquisition. 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 Three
Months Ended
June 30,
2016
 
Pro Forma For the Six
Months Ended
June 30,
2016
 
 
 
 
 
 
 
 
 
Total operating expenses
 
$
(761,690)
 
$
(1,189,505)
 
Net loss
 
$
(709,828)
 
$
(1,156,872)
 
Net loss per common share – basic and diluted
 
$
(0.08)
 
$
(0.14)
 
Weighted average outstanding common shares – basic and diluted
 
 
9,219,594
 
 
8,470,769