Zurvita Zeal For Life Evaluation 2020

The stock price employed approximates the industry price tag less a marketability discount of 30%. Anticipated volatility was determined by independent valuation specialist.


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These payments have been for function they performed on behalf of the Company. In the course of 2008, The Amacore Group, Inc (“Amacore”) granted to Mr. Jarvis 800 thousand warrants to obtain typical stock in connection with his employment agreement with the Corporation. In the event the warrants are exercised, Amacore will situation the corresponding authorized and offered common stock to Mr. Jarvis. The fair worth of each choice award classified as a liability on the balance sheets is estimated on the date of the grant making use of the Black-Scholes Pricing Model and the assumptions noted in the following table.


Throughout the year ended July 31, 2011, the Company issued approximately six.45 million warrants to purchase prevalent stock. On July 31, 2009, the Enterprise entered into a stock repurchase agreement with a majority shareholder to acquire eight million shares for $210 thousand or $.26 per share. At July 31, 2012, Series A, Series B and Series C Convertible Preferred Stock is convertible into 28 million, 8 million, 19.2 million, and 11.2 million frequent shares, respectively. If the Convertible Preferred Stock had been converted as of July 31, 2012, the aggregate market place value of the popular shares for Series A, Series B and Series C would have been roughly $1.1 million, $320 thousand, $768 thousand, and $448 thousand respectively. Financial instruments which are measured at estimated fair worth on a recurring basis in the consolidated financial statements contain marketable securities, a embedded share conversion function and non-compensatory warrants.

The fair worth of the marketable securities was determined by the marketplace price tag as quoted on the OTC. The fair value of the share conversion feature and zurvita (simply click the next document) warrants was determined by an independent professional valuation specialist working with the Black-Scholes Option Pricing Model. All of the Company’s credit card processing is with a single merchant processor, as nicely as all advertising sales commission payments are calculated by a third-party service provider. The Firm does not at present maintain a line of credit or term loan with any commercial bank or other monetary institution and has not made any other arrangements to receive additional financing. We can deliver no assurance that we will not require extra financing.

The threat-cost-free price for periods inside the contractual life of the choice is based on the U.S. The expected term of options granted represents the period of time that options granted are expected to be outstanding.

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In addition, consultants are used to present specialized technical abilities such as valuation of warrant instruments requiring fair worth accounting and impairment testing. The use of specialists reduces the likeliness of a material error occurring in more technical accounting locations. There are instant family members of Mr. Jarvis, who operate as independent sales consultants who were paid commission compensation which approximated $199 thousand for the year ended July 31, 2012, and roughly $92 thousand for the year ended July 31, 2011.

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