During the years ended December 31, 2017 and 2016, we completed several business acquisitions. We have included the financial results of these business acquisitions in our consolidated financial statements from their respective dates of acquisition and pro forma financial information of the Company as if the acquisition occurred January 1, 2016, respectively. Goodwill generated from all business acquisitions completed during the years ended December 31, 2017 and 2016 were primarily attributable to expected synergies from future growth and potential monetization opportunities.

On January 4, 2017, Alliance MMA acquired the stock of Roundtable Creative, Inc., a Virginia corporation d/b/a SuckerPunch Entertainment, a leading fighter management and marketing company, for an aggregate purchase price of $1,686,347, of which $357,500 was paid in cash and $1,146,927 was paid with the issuance of 307,487 shares of Alliance MMA common stock valued at $3.73 per share, the fair value of Alliance MMA common stock on January 4, 2017 and $181,920 was paid with the issuance of a warrant to acquire 93,583 shares of the Company’s common stock.

On January 18, 2017, Alliance MMA acquired the mixed martial arts promotion business of Fight Time Promotions, LLC (“Fight Time”) for an aggregate consideration of $371,468, of which $84,000 was paid in cash and $287,468 was paid with the issuance of 74,667 shares of the Alliance MMA’s common stock valued at $3.85 per share, the fair value of Alliance MMA common stock on January 18, 2017.

On May 12, 2017, Alliance MMA acquired the mixed martial arts promotion business of Undisputed Productions, LLC, doing business as National Fighting Championships or NFC for an aggregate consideration of $506,227, of which $140,000 was paid in cash and $366,227 was paid with the issuance of 273,304 shares of Alliance MMA common stock valued at $1.34 per share, the fair value of Alliance MMA common stock on May 12, 2017.

On June 14, 2017, Alliance MMA acquired the mixed martial arts promotion business of The Englebrecht Company, Inc., doing business as Roy Englebrecht Promotions and Fight Club Orange County for an aggregate consideration of $1,018,710 of which $207,900 was paid in cash and $810,810 was paid with the issuance of 693,000 shares of the Company’s common stock valued at $1.17 per share, the fair value of Alliance MMA common stock on June 14, 2017.

On September 28, 2017, Alliance MMA acquired the mixed martial arts promotion business of Victory Fighting Championship, LLC, doing business as Victory Fighting Championship for an aggregate consideration of $822,938 of which $180,000 was paid in cash and $642,938 was paid with the issuance of 267,891 shares of the Company’s common stock valued at $2.40 per share, the fair value of Alliance MMA common stock on September 28, 2017.

   

Final Purchase Allocation – CFFC

 

As consideration for the acquisition of CFFC, the Company delivered the following amounts of cash and shares of common stock.

 

		Cash			Shares			Consideration Paid
CFFC		$	235,000			470,000		$	2,350,000

 

The following table reflects the final allocation of the purchase price for CFFC to identifiable assets, intangible assets, goodwill and identifiable liabilities:

 

		Preliminary Fair Value			Measurement Period Adjustments			Final Fair Value
Cash		$	551		$	—		$	551
Accounts receivable, net			3,000			—			3,000
Fixed assets			4,448			—			4,448
Intangible assets			1,437,000			(607,000)			830,000
Goodwill			937,101			607,000			1,544,101
Total identifiable assets		$	2,382,100		$	—		$	2,382,100
Total identifiable liabilities			(32,100)			—			(32,100)
Total purchase price		$	2,350,000		$	—		$	2,350,000

 

Final Purchase Allocation – Hoosier Fight Club

 

As consideration for the acquisition of HFC, the Company delivered the following amounts of cash and shares of common stock.

 

		Cash			Shares			Consideration Paid
HFC		$	120,000			106,667		$	600,000

 

The following table reflects the final allocation of the purchase price for HFC to identifiable assets, intangible assets, goodwill and identifiable liabilities:

 

		Preliminary Fair Value			Measurement Period Adjustments			Final Fair Value
Cash		$	11,194		$	—		$	11,194
Accounts receivable, net			1,096			—			1,096
Fixed assets			—			—			—
Intangible assets			617,880			(97,880)			520,000
Goodwill			—			97,880			97,880
Total identifiable assets		$	630,170		$	—		$	630,170
Total identifiable liabilities			(30,170)			—			(30,170)
Total purchase price		$	600,000		$	—		$	600,000

 

Final Purchase Allocation – Combat Games MMA

 

As consideration for the acquisition of COGA, the Company delivered the following amounts of cash and shares of common stock.

 

		Cash			Shares			Consideration Paid
COGA		$	80,000			75,556		$	420,000

 

The following table reflects the final allocation of the purchase price for COGA to identifiable assets, intangible assets, goodwill and identifiable liabilities:

 

		Preliminary Fair Value			Measurement Period Adjustments			Final Fair Value
Cash		$	2,838		$	—		$	2,838
Accounts receivable, net			9,000			—			9,000
Fixed assets			6,039			—			6,039
Intangible assets			431,459			(91,459)			340,000
Goodwill			—			91,459			91,459
Total identifiable assets		$	449,336		$	—		$	449,336
Total identifiable liabilities			(29,336)			—			(29,336)
Total purchase price		$	420,000		$	—		$	420,000

 

Final Purchase Allocation – Shogun Fights

 

As consideration for the acquisition of Shogun, the Company delivered the following amounts of cash and shares of common stock.

 

		Cash			Shares			Consideration Paid
Shogun		$	250,000			111,111		$	750,000

 

The following table reflects the final allocation of the purchase price for Shogun to identifiable assets, intangible assets, goodwill and identifiable liabilities:

 

		Preliminary Fair Value			Measurement Period Adjustments			Final Fair Value
Cash		$	13,131		$	—		$	13,131
Accounts receivable, net			20,603			—			20,603
Fixed assets			—			—			—
Intangible assets			52,500			497,500			550,000
Goodwill			692,951			(497,500)			195,451
Total identifiable assets		$	779,185		$	—		$	779,185
Total identifiable liabilities			(29,185)			—			(29,185)
Total purchase price		$	750,000		$	—		$	750,000

The following unaudited pro forma financial information assumes CFFC, HFC, COGA, Shogun, V3, IT Fight Series, CageTix, GFL, SuckerPunch, Fight Time, NFC, FCOC, Victory, and Alliance MMA were combined as of January 1, 2016 and includes the impact of purchase accounting. The unaudited pro forma financial information as presented below is for informational purposes only and is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information. This is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of 2016, nor is it necessarily indicative of future results. Consequently, actual results could differ materially from the unaudited pro forma financial information presented below.

The following table presents the pro forma operating results as if the acquisitions had been included in the Company’s consolidated statements of operations as of January 1, 2016 (unaudited, in thousands):