Schedule of Purchase of additional equity in WCI (Tables)
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Mar. 31, 2015
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Schedule of Purchase of additional equity in WCI (Tables): | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Purchase of additional equity in WCI (Tables) |
In accordance with Accounting Standard Codification 810-10, Consolidation Overall, Mentor remeasured its previously held equity interest at the acquisition-date fair value and recognized the resulting gain of $1,250,964 on investment in subsidiary which is included in other income and expense in the consolidated statement of operations.
(a) Estimated fair value of Mentors previously-held equity interest in WCI is valued at 1.25 times WCIs projected 2014 revenue.
Purchase price allocation at 51% of WCI assets and liabilities:
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