Acquisition and Purchase Price Allocation - Hotel Donauwelle (Tables) - Hotel Donauwelle Betriebsgesellschaft

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 Date		Acquisition Date
Purchase Price Allocation	in €		in  $
	(Unaudited)		(Unaudited)
Cash	€	368	$	390
Due to seller (10% contingency)		29		31
Erste Bank Loan		3,866		4,096
Total purchase price consideration		4,263		4,517
Gain on bargain purchase		758		803
Total	€	5,021	$	5,320
Fair value amounts assigned to assets and liabilities acquired:
Buildings	€	6,905	$	7,315
Property & equipment		654		693
Intangibles		5		5
Financial assets		1		1
Current assets		589		625
Short-term liabilities (including current portion of unfavorable lease liability)		(608)		(644)
Long-term liabilities (unfavorable lease liability)		(2,525)		(2,675)
Fair value estimate of assets and liabilities acquired	€	5,021	$	5,320

Schedule of unaudited pro forma results of operations

	Nine Months Ended		Twelve Months Ended
	September 30, 2017		December 31, 2016
	(Unaudited)		(Unaudited)
REVENUES	$	42,102	$	57,929
NET INCOME	$	3,129	$	7,111
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		8,872,509		8,838,984
Diluted		9,887,222		9,498,578
EARNINGS PER COMMON SHARE:
Basic	$	0.35	$	0.80
Diluted	$	0.32	$	0.75