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Business Combination (Tables)
9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following table presents the preliminary allocation of the purchase consideration for the transaction as of September 20, 2016 (the “Acquisition Date”), including the contingent consideration (in thousands):
Cash and cash equivalents
 
$
136

Prepaid expenses and other assets
 
1,189

Property and equipment
 
867

In-process research and development - Vicinium
 
35,400

In-process research and development - Proxinium
 
800

Goodwill
 
10,312

Accounts payable
 
(1,163
)
Accrued expenses
 
(1,530
)
Other liabilities
 
(812
)
Deferred tax liability
 
(9,774
)
 
 
$
35,425

Schedule of Business Acquisition, Pro Forma Information
The unaudited estimated pro forma results presented below include the effects of the Acquisition as if it had been consummated as of the beginning of each period. The pro forma results include the direct expenses of Viventia as well as the additional depreciation expense as a result of the increase in the fair value of the fixed assets. The pro forma results exclude the costs of the transaction, severance and stock-based compensation expenses, the Viventia forgiveness of debt and the related interest expense in connection with the Acquisition. In addition, the pro forma results do not include any anticipated synergies or other expected benefits of the Acquisition. Accordingly, the unaudited estimated pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the Acquisition been consummated as of the beginning of each period.
 
Nine Months Ended September 30, 2016
 
Nine Months Ended September 30, 2015
Revenue
$
29,156

 
$
425

Net income (loss)
$
566

 
$
(31,367
)