14. Acquisitions and Dispositions 2015 Acquisitions On October 30, 2014, a 51% owned subsidiary of the Company acquired certain assets and liabilities of Robust Energy LLC for $200,000 in cash and 200,000 shares of its restricted common stock for a total purchase price of $3.6 million. The Company also agreed to issue 50,000 shares of RCIHH common stock each to the two principals of Robust Energy LLC if Robust has net income of at least $1 million during the 2015 calendar year. The principals entered into a Lock-Up Agreement with the Company in connection with the issuance by the Company of its shares of common stock as explained above, which will provide that none of the shares will be sold for a period of one year after the date of issuance and, thereafter, neither principal will sell more than 1/6th of their respective shares per month that they receive in connection herewith. Robust is an energy drink distributor, targeting the on-premises bar and mixer market. The following information summarizes the allocation of fair values assigned to the assets and liabilities at the purchase date (in thousands). Inventory and accounts receivable $ 500 Equipment, furniture and fixtures 356 Definite-lived intangibles 4,931 Goodwill 5,326 Accounts payable (1,482 ) Notes payable (963 ) Deferred tax liability (1,726 ) Noncontrolling interest (3,392 ) Net assets $ 3,550 In accordance with U.S. GAAP, the Company recorded a gain of approximately $229,000 on the value of its earlier 15% ($750,000) investment in this company. Goodwill from this transaction is deductible for tax purposes. On January 13, 2015, a Company subsidiary purchased Down in Texas Saloon gentlemens club in an Austin, Texas suburb. As part of the transaction, another subsidiary also purchased the clubs real estate. Total consideration of $6.8 million consisted of $3.5 million for the club business and $3.3 million for its 3.5 acres of real estate. Payment was in the form of $1 million in cash and $1.4 million in seller financing at 6% annual interest, with