InvestorsHub Logo
Followers 1
Posts 72
Boards Moderated 0
Alias Born 11/03/2015

Re: MOONSHOT post# 2353

Sunday, 11/15/2015 2:39:00 PM

Sunday, November 15, 2015 2:39:00 PM

Post# of 19879
From the 10k:

"Note 4. Assets Purchase

Veloxum

On May 15, 2014, the Company acquired certain assets of Veloxum, Inc., (“Veloxum”), a privately-held company, relating to its enterprise software in exchange for 13,100,437 shares of common stock which was accounted as an asset purchase. At the time of the acquisition, the Company determined that the fair value of the common stock issued was approximately $5.2 million based on the trading price of the common stock at issuance.

The following table summarizes the fair value of assets acquired of $5.2 million:

Developed technology $ 4,423,375
Tradenames and other intangible asset $ 816,800
Total $ 5,240,175"

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.