NOTE 4 - ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2018

Disclosure Text Block Supplement [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Assets Acquired	TelePayroll		Pay Systems		Savers Admin		Total
Cash & cash equivalents	$	197		767		160	$	1,124
Accounts receivable		9		54		67		130
Fixed assets		10		121		-		131
Other assets		91		49		12		152
Funds held for clients		8,520		10,976		5,525		25,021
Goodwill		4,428		8,273		865		13,566
Intangibles		7,870		7,240		1,870		16,980
Total assets acquired	$	21,125		27,480		8,499	$	57,104

Liabilities assumed
Accounts payable		55		107		45		207
Accrued other liabilities		347		951		94		1,392
Deferred revenue		356		-		-		356
Client fund obligations		8,520		10,976		5,525		25,021
Total liabilities assumed		9,278		12,034		5,664		26,976

Net assets acquired	$	11,847		15,446		2,835	$	30,128

Assets Acquired	CPI		PMSI		PSNW		iSystems		Compass		ADS		Total
Cash & cash equivalents	$	126		131		53		211		207		124	$	852
Accounts receivable		22		347		111		951		241		-		1,672
Restricted cash		-		-		-		200		-		-		200
Fixed assets		-		130		7		681		38		4		860
Other assets		-		17		17		699		33		1		767
Funds held for clients		2,809		-		6,294		-		-		5,091		14,194
Goodwill		1,190		2,295		1,579		42,330		2,023		1,474		50,891
Intangibles		1,563		2,646		1,879		15,070		3,470		1,780		26,408
Total assets acquired	$	5,710		5,566		9,940		60,142		6,012		8,474	$	95,844

Liabilities assumed
Accounts payable		51		19		28		392		65		18		573
Accrued other liabilities		-		197		40		868		45		30		1,180
Deferred revenue		-		370		-		1,073		-		-		1,443
Client fund obligations		2,754		-		6,294		-		-		5,091		14,139
Total liabilities assumed		2,805		586		6,362		2,333		110		5,139		17,335

Net assets acquired	$	2,905		4,980		3,578		57,809		5,902		3,335	$	78,509

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following is a reconciliation of the purchase price to the fair value of net assets acquired at the date of acquisition:

	TelePayroll			Pay Systems			Savers Admin			Total
Purchase price	$	12,000			15,724			2,850		$	30,574
Working capital adjustment		36			(217	)		38			(143	)
Adjustment to fair value of Asure’s stock issued		(7	)		-			-			(7	)
Debt discount		(182	)		(61	)		(53	)		(296	)
Fair value of net assets acquired	$	11,847			15,446			2,835		$	30,128

	CPI			PMSI			PSNW			iSystems			Compass			ADS			Total
Purchase price	$	3,000			5,000			3,610			55,000			6,000			3,400		$	76,010
Working capital adjustment		-			42			-			202			55			-			299
Adjustment to fair value of Asure’s stock issued		(54	)		-			-			2,880			-			28			2,854
Debt discount		(41	)		(62	)		(32	)		(273	)		(153	)		(93	)		(654	)
Fair value of net assets acquired	$	2,905			4,980			3,578			57,809			5,902			3,335		$	78,509

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited summary of pro forma combined results of operations for the three months ended March 31, 2018 and March 31, 2017 gives effect to the acquisitions of iSystems, Compass, ADS, TelePayroll, Pay Systems, and Savers Admin as if we had completed them on January 1, 2017. This pro forma summary does not reflect any operating efficiencies, cost savings or revenue enhancements that we may achieve by combining operations. In addition, we have not reflected certain non-recurring expenses, such as legal expenses and other transactions expenses for the first 12 months after the acquisition, in the pro forma summary. We present this pro forma summary for informational purposes only and it is not necessarily indicative of what our actual results of operations would have been had the acquisitions taken place as of January 1, 2017, nor is it indicative of future consolidated results of operations.

	FOR THE THREE MONTHS ENDED MARCH 31, 2018			FOR THE THREE MONTHS ENDED MARCH 31, 2017


Revenues	$	19,304		$	18,766
Net income (loss)	$	(1,251	)	$	(2,381	)
Net income (loss) per common share:
Basic and diluted	$	(0.10	)	$	(0.23	)

Weighted average shares outstanding:
Basic		12,583			10,403
Diluted		12,583			10,403