ACQUISITION

3 Months Ended

Sep. 30, 2015

ACQUISITION [Abstract]

ACQUISITION [Text Block]

NOTE 12 – ACQUISITION

Effective on July 17, 2015, the Company acquired Alpha Bio/Med Services LLC, a route-based pickup service located in Pennsylvania for total cash consideration of $0.7 million of which $0.1 million has been withheld for possible settlement amounts through July 2016. 

The following amounts represent the fair value of the assets acquired and liabilities assumed: 

Accounts receivable	$	51
Fixed assets		70
Intangibles		267
Goodwill		413
Accounts payable and accrued liabilities		(101	)
Total purchase price	$	700

During the three months ended September 30, 2015, the Company incurred $0.1 million of acquisition related expenses for investment banking, legal and accounting fees which are included within selling, general and administrative expenses on our condensed consolidated statements of operations.  The results of operations of the acquired business have been included in the condensed consolidated statements of operations from the date of acquisition.