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Business Acquisition (Tables)

6 Months Ended

Apr. 30, 2015

Components of Purchase Price at Fair Value

The following table summarizes the components of the estimated purchase price at fair value at November 1, 2014:

Cash consideration paid	$	3,090,000
RF Industries, Ltd. common shares issued (252,381 shares)		1,060,000
Earn-out		645,000
Total purchase price	$	4,795,000

Allocation of Purchase Price at Fair Value

The following table summarizes the preliminary allocation of the estimated purchase price at fair value at November 1, 2014:

Current assets	$	1,875,000
Fixed assets		150,000
Intangible assets		1,888,000
Goodwill		2,311,000
Non-interest bearing liabilities		(1,429,000)
Net assets	$	4,795,000

- Definition

Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation.

+ References+ Details