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Business Combinations
6 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Business Combinations

4. Business Combinations

On July 8, 2021, the Company entered into a stock purchase agreement for all of the equity interests of FastPay, a leading provider of payments automation solutions for the media industry. During the three months ended June 30, 2022, the amount of revenue and expense attributable to FastPay's operations were $4,644 and $3,256, respectively. During the six months ended June 30, 2022, the amount of revenue and expense attributable to FastPay's operations were $8,148 and $5,989, respectively. Supplemental pro forma revenue and earnings information have not been presented for the three and six months ended June 30, 2021 because the effect of this acquisition was not material to the Company's overall operations.

During the three months ended June 30, 2022, the Company settled a liability for contingent consideration for 2021 performance in the amount of $688 with a cash payment of $344 and the issuance of 20,564 shares of common stock.

As of June 30, 2022, the purchase price allocation is preliminary and subject to adjustments, in particular tax liabilities are subject to change upon preparation of the tax returns for the period prior to the acquisition date. During the six months ended June 30, 2022, the Company did not make any adjustments to the purchase price allocation for FastPay.