Reverse Merger (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Under the purchase method of accounting, the assets acquired and liabilities assumed are recorded at their respective fair values as of the transaction date. In connection with the merger, the consideration paid, the assets acquired and liabilities assumed, recorded at fair value on the date of acquisition, are summarized in the following table:

	In thousands
Assets acquired
Cash	$	1
Other current assets		12
Property and equipment		81
Trade names /trademarks		1,240
In-Process research and development		4,620
Goodwill		2,453
		8,407

Liabilities assumed
Accounts payable & accrued expenses		3,220
Related party advances		102
Loans payable		21
		3,343

Consideration paid in the form of common stock	$	5,064