| 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 |