Fair value of equity consideration, 4,685,164 common shares

$

9,792,000

Liability assumed: notes payable

158,000

Total purchase price consideration

$

9,950,000

Tangible assets

Net working capital (1)

$

6,664,000

Deferred revenue

(2,300,000

)

Fixed assets & equipment

376,000

Intangible assets (2)

Customer contracts

1,200,000

Trade name

600,000

Goodwill

3,410,000

Total allocation of purchase price consideration

$

9,950,000