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NOTE 4 - ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Text Block Supplement [Abstract]

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

We based the allocations on fair values at the date of acquisition:

		Pay Systems				USA Payroll				Others				Total
Cash & cash equivalents		$	764			$	470			$	643			$	1,877
Accounts receivable			56				104				2,395				2,555
Fixed assets			121				98				428				647
Inventory			-				-				121				121
Other assets			100				5				995				1,100
Funds held for clients			10,976				20,439				14,013				45,428
Goodwill			9,606				12,644				11,966				34,216
Intangibles			7,240				17,643				15,440				40,323
Total assets acquired		$	28,863			$	51,403			$	46,001			$	126,267
Accounts payable			85				39				880				1,004
Deferred tax liability			1,364				3,622				2,036				7,022
Accrued other liabilities			946				376				2,335				3,657
Deferred revenue			-				-				1,289				1,289
Client fund obligations			11,962				20,439				14,000				46,401
Total liabilities assumed			14,357				24,476				20,540				59,373
Net assets acquired		$	14,506			$	26,927			$	25,461			$	66,894

		iSystems				Others				Total
Cash & cash equivalents		$	211			$	641			$	852
Accounts receivable			951				721				1,672
Restricted cash			200				-				200
Fixed assets			681				179				860
Other assets			699				68				767
Funds held for clients			-				9,103				9,103
Goodwill			42,253				8,557				50,810
Intangibles			15,070				11,338				26,408
Total assets acquired		$	60,065			$	30,607			$	90,672
Accounts payable			392				181				573
Accrued other liabilities			791				282				1,073
Deferred revenue			1,073				370				1,443
Client fund obligations			-				9,048				9,048
Total liabilities assumed			2,256				9,881				12,137
Net assets acquired		$	57,809			$	20,726			$	78,535

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:

		Pay Systems				USA Payroll				Others				Total
Purchase price		$	15,507			$	27,504			$	28,142			$	71,153
Working capital adjustment			(940	)			-				(557	)			(1,497	)
Adjustment to fair value of contingent liability			-				-				(1,761	)			(1,761	)
Adjustment to fair value of Asure’s stock			-				(287	)			(7	)			(294	)
Debt discount			(61	)			(290	)			(356	)			(707	)
Fair value of net assets acquired		$	14,506			$	26,927			$	25,461			$	66,894

		iSystems				Others				Total
Purchase price		$	55,000			$	21,010			$	76,010
Working capital adjustment			202				123				325
Adjustment to fair value of Asure’s stock issued			2,880				(26	)			2,854
Debt discount			(273	)			(381	)			(654	)
Fair value of net assets acquired		$	57,809			$	20,726			$	78,535

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Management assessed the fair value of the promissory note and cash consideration as of April 1, 2018, which was as follows:

		Fair Value
Cash		$	10,000
Promissory note			450
Debt discount			(46	)
Total		$	10,404
Fair value of asset acquired, Customer Relationships		$	10,404

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited summary of pro forma combined results of operations for the year ended December 31, 2018 and December 31, 2017 gives effect to our 2017 and 2018 business and asset acquisitions 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 Year Ended December 31, 2018				For the Year Ended December 31, 2017
Revenues		$	99,388			$	100,989
Net income (loss)		$	(6,112	)		$	(16,797	)
Net income (loss) per common share:
Basic and diluted		$	(0.43	)		$	(1.42	)
Weighted average shares outstanding			14,121				11,843

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