XML 31 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Note 14 - Subsequent Events
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 14: SUBSEQUENT EVENTS

 

In May 9, 2021, the Company entered into an agreement and plan of merger (“Merger Agreement”) to acquire Intrinsix Corp. (“Intrinsix”). Intrinsix provides complex System-on-Chip (“SOC”) design expertise in the areas of RF, mixed signal, digital, software, secure processors and interface IP for Heterogeneous SOCs, otherwise referred to as chiplets. Under the terms of the Merger Agreement, the Company will acquire Intrinsix in for $33,000 in cash, subject to working capital and other customary purchase price adjustments. The closing of the acquisition is subject to the satisfaction or waiver of customary conditions contained in the Merger Agreement, and is currently expected to occur in the second quarter of 2021. The final purchase price allocation for the acquisition has not been determined as of the filing of this Quarterly Report on Form 10-Q.