Business combinations (Tables)

12 Months Ended

Dec. 31, 2020

Allocation of consideration paid and estimated fair value of assets acquired and liabilities assumed

The following table summarizes the preliminary allocations of the consideration paid and the amounts of estimated fair value of the assets acquired and liabilities assumed at the acquisition date:


			Estimated fair value recognized on acquisition
			$
Assets
Current assets:
Cash and cash equivalents			174
Trade and other receivables			763
Prepaid expenses and other current assets			61
			998
Non-current assets:
Property and equipment, net			—
Right-of-use asset, net			194
Customer relationships			1,458
Technology			548
Trade name and trademarks			47
Goodwill			5,563
Other non-current assets			71
			8,879


Liabilities
Current liabilities:
Trade and other payables			959
Deferred revenue			700
Finance lease liability			140
			1,799
Non-current liabilities:
Finance lease liability			54
Borrowings			278
Deferred tax liability			331
Total liabilities			2,462
Fair value of net assets acquired			6,417

Paid in Common Shares of the Company			1,163
Paid in cash			2,624
Contingent consideration			2,630

Pro forma results of operations

The following pro forma results of operations assume forMetris was acquired by the Company on January 1, 2020:


			2020
			$
Revenue			2,500
Net income (loss)			(316)