3 - BUSINESS ACQUISITION On March 15, 2013, the Company acquired certain assets and liabilities of Pipeline Data, Inc. and its subsidiaries , all of which were contributed to and are operated by CCI , in exchange for a cash payment of $ 9.75 million. The acquisition was financed by expanding the Company's senior credit facility from $ 5.0 million to $ 14.5 million and borrowing $ 10.2 million. The acquisition is expected to build value for our shareholders with a goal of achieving a higher EBITDA multiple in the U.S. equity markets by participating in this segment of the payments industry. As a result of the acquisition, CCI is providing the general merchant community access to an integrated suite of third-party merchant payment processing services and its own propriety related software and hardware enabling products delivering credit and debit card-based payments processing solutions to small- and mid-sized merchants operating in physical  brick and mortar  business environments, over the internet, and in settings requiring wired as well as wireless mobile payment solutions. The acquisition also provides us with a sales organization generating individual merchant processing contracts in exchange for future residual payments. The following presents the preliminary estimated fair values of the net assets acquired pending obtaining an appraisal of certain assets based on assumptions we believe unrelated market participants would use based on observable and unobservable marketplace factors: Cash and restricted cash $ 556,967 Current assets 37,287 Fixed assets 355,636 Residual portfolios 8,828,395 Intangibles 29,115 Liabilities (57,400) Net assets $ 9,750,000 The residual portfolios are being amortized over 10 years . T he indefinite-lived intangible assets are not subject to amortization. The revenues and earnings of the acquired net assets included in our financial statements and the pro forma amounts as if their acquisition had been included as of January 1, 2012 , are as follows: Earnings Revenue (Loss) Included