Net assets acquired | ||||
Cash and cash equivalents | $ | 3,611,307 | ||
Accounts receivable | 3,202,471 | |||
Inventories | 12,299,051 | |||
Prepaid expenses | 698,115 | |||
Property, plant and equipment | 9,795,629 | |||
Intangible assets | 101,712,420 | |||
Goodwill | 47,485,572 | |||
Other assets | 160,662 | |||
Accounts payable and accrued liabilities | (9,831,337 | ) | ||
Short-term borrowings | (1,051,309 | ) | ||
Deferred revenue | (1,544,335 | ) | ||
Long-term debt | (13,655,679 | ) | ||
Finance lease obligations | (342,153 | ) | ||
Fair value of Apicore Series A-1 preferred shares | (1,755,530 | ) | ||
Other long-term liabilities | (136,827 | ) | ||
Deferred tax liabilities | (37,749,605 | ) | ||
Net assets acquired | $ | 112,898,452 |
Summary of purchase consideration |
||||
Cash paid | $ | 45,322,853 | ||
Due to vendor | 2,759,507 | |||
Exercise of Apicore derivative | 20,788,011 | |||
Fair value of 6.07% interest held | 6,418,867 | |||
Non-controlling interest | 2,069,409 | |||
Derivative option on Apicore Class C shares | 32,901,006 | |||
Liability to repurchase Apicore Class E shares | 2,638,799 | |||
Purchase consideration | $ | 112,898,452 |