NCTIC definition
Examples of NCTIC in a sentence
The unaudited pro forma condensed combined statements of operations for the six months ended June 30, 2021 present the combined results of the Company as if the Acquisition with NCTIC, NCTG and TAV had occurred on January 1, 2021.
The preliminary purchase price allocation set forth below assumes the acquisition had closed on June 30, 2021 (in thousands): Cash paid for NCTIC $ 4,453 Cash paid for NCTG 1,010 Total consideration paid.
The accompanying unaudited pro forma condensed combined balance sheet presents the Company’s historical financial position combined with NCTIC, NCTG and TAV as if the Acquisition had occurred on June 30, 2021.
The Employee will be employed in the position of Chief Financial Officer and will perform such services for the Company and its Affiliates (as defined below), including NCTIC and NCTG, as are customarily associated with such position, and he will also perform such roles and services for the Company or its Affiliates as may be assigned to the Employee from time to time by the Company’s Chief Executive Officer.
As the acquirer for accounting purposes, the Company has estimated the fair value of the NCTIC, NCTG and TAV assets acquired and liabilities assumed, and conformed the accounting policies of NCTG to its own accounting policies.
The unaudited pro forma condensed combined balance sheet information is based on the following: ● With respect to the Company, the unaudited balance sheet as of June 30, 2021; and ● With respect to NCTIC, NCTG and TAV, the unaudited combined balance sheets as of June 30, 2021.
The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2020 present the combined results of the Company as if the Acquisition with NCTIC, NCTG and TAV had occurred on January 1, 2021.
The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2021 is based on the following: ● With respect to the Company, the unaudited statement of operations for the six months ended June 30, 2021 included in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2021; and ● With respect to NCTIC, NCTG and TAV, the unaudited combined statements of operations for the six months ended June 30, 2021.
The accompanying unaudited pro forma condensed combined financial statements were prepared using the acquisition method of accounting in accordance with Accounting Standards Codification 805, “Business Combinations” (“ASC 805”) and are based on the audited annual and unaudited interim historical financial statements of the Company and NCTIC and NCTG.