Acquisition and Purchase Price Allocation - Hotel Kranichhohe (Tables) - Hotel Kranichhöhe

9 Months Ended

Sep. 30, 2017

Schedule of allocation of fair value of all acquired assets

	Final Fair		Final Fair
	Value at		Value at
	Acquisition		Acquisition
Purchase Price Allocation	Date in €		Date in $
	(Unaudited)		(Unaudited)
Cash	€	900	$	957
Kreissparkasse Köln Loan		4,000		4,251
Total purchase price consideration		4,900		5,208
Gain on bargain purchase		117		124
Total	€	5,017	$	5,332
Fair value amounts assigned to assets acquired:
Land	€	1,686	$	1,792
Buildings		2,360		2,508
Property & equipment		465		494
Inventory and receivables		506		538
Final fair value of assets acquired	€	5,017	$	5,332

Schedule of unaudited pro forma results of operations

	Year Ended December 31,
	2016		2015
	(Unaudited)		(Unaudited)
REVENUES	$	57,555	$	46,859
NET INCOME	$	6,772	$	3,684
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		8,838,984		8,822,488
Diluted		9,498,578		9,259,553
EARNINGS PER COMMON SHARE:
Basic	$	0.77	$	0.42
Diluted	$	0.71	$	0.40