XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.2
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2023
Business Acquisition [Line Items]  
Summary of Price Allocation for Acquisition

The purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

  

      
Cash  $2,604 
Accounts receivable   10,855 
Other current assets   1,337 
Equity investment   2,450 
Fixed assets   108 
Digital content   355 
Advertiser relationships   6,202 
Trade names   2,261 
Goodwill   2,587 
Accounts payable   (7,416)
Accrued expenses and other   (2,440)
Unearned revenue   (1,203)
Other long-term liabilities   (543)
Deferred tax liabilities   (1,303)
Net assets acquired  $15,854 
Schedule of Supplemental Proforma Information

  

  

Three Months

Ended

June 30, 2022

  

Six Months

Ended

June 30, 2022

 
Parade continuing operations from acquisition date of April 1, 2022 (unaudited):          
Revenue  $17,427   $17,427 
Net income   2,440    2,440 
Combined entity continuing operations supplemental pro forma information had the acquisition date been January 1, 2021 (unaudited):          
Revenue:          
Parade  $17,427   $33,337 
Arena   36,325    84,568 
Total continuing operations supplemental pro forma revenue  $53,752   $117,905 
Net income (loss):          
Parade  $2,440   $1,864 
Arena   (24,647)   (42,520)
Adjustment   (216)   (432)
Total continuing operations supplemental pro forma net loss  $(22,423)  $(41,088)
Teneology Inc [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Purchase Price

The composition of the preliminary purchase price is as follows:

 

      
Cash  $500 
Common stock   2,000 
Contingent consideration   561 
Deferred cash payments, as discounted   246 
Total purchase consideration  $3,307 
Schedule of Preliminary Price Allocation

The preliminary purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

  

      
Advertiser relationships  $663 
Brand names   659 
Goodwill   1,985 
Net assets acquired  $3,307 
College Spun Media Incorporated [Member]  
Business Acquisition [Line Items]  
Schedule of Preliminary Purchase Price

The composition of the purchase price is as follows:

  

      
Cash  $12,085 
Common stock   3,141 
Deferred cash payments, as discounted   628 
Total purchase consideration  $15,854