Freedom Holding Inc. (FHLD)

[MyVinylCreations]

They are out but this are the only numbers related to LaunchTV. Am I missing the financials in one of the pages?

On November 10, 2014, the Company’s Board of Directors authorized the execution of an acquisition and stock exchange agreement (the "Acquisition Agreement") with Freedom Energy Holdings Inc. ("Freedom Energy"), pursuant to which the Company acquired from Freedom Energy 550 shares of common stock of LTN, representing a 55% equity interest in Launch TV. In further accordance with the terms and provisions of the Acquisition Agreement and in exchange therefore, the Company agreed to issue 500,000 shares of the Company’s restricted common stock to Freedom Energy, and Freedom Energy agreed to hold the 500,000 shares of common stock for a period of 24-months prior to selling such shares in the marketplace.

As a result of the issuance of 500,000 shares of common stock on December 23, 2014, LTN formally became a subsidiary of the Company. As a result, the Company recorded goodwill valued at $2,051,527, which consisted of the 500,000 shares of the Company’s common stock valued at $2,000,000, or $4.00 a share, and the net as