Quarterly report pursuant to sections 13 or 15(d)

Acquisitions - Securities America Acquisition (Tables)

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Acquisitions - Securities America Acquisition (Tables)
6 Months Ended
Jun. 30, 2012
Changes in Carrying Value of Contingent Consideration Classified as Accounts Payable and Accrued Liabilities

Set forth below are changes in the carrying value of contingent consideration classified as accounts payable and accrued liabilities.

 

Six months Ended June 30, 2012:      
Fair value of contingent consideration as of December 31, 2011   $ 7,111  
Change in fair value of contingent consideration     (6,202 )
Fair value of contingent consideration as of June 30, 2012   $ 909
Unaudited Pro Forma Information Represents Consolidated Results of Operations

The following unaudited pro forma information represents the Company’s consolidated results of operations as if the acquisition of Securities America had occurred at the beginning of 2011. The pro forma net loss reflects amortization of the amounts ascribed to intangible assets acquired in the acquisition, amortization related to forgivable loans, compensation related to stock option grants to independent contractors and employees, and interest expense on debt used to finance such acquisition and related cash requirements.

 

    Three Months
Ended
    Six Months
Ended
 
    June 30, 2011     June 30, 2011  
Total revenue   $ 178,079     $ 358,215  
Net loss   $ (10,566 )   $ (15,949 )
Basic and diluted loss per share   $ (0.06 )   $ (0.09 )
Weighted average common shares outstanding — basic and diluted     183,048,031       183,199,813