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Acquisitions (Tables) - BCNMonetize | 9 Months Ended
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Sep. 30, 2024
Business Acquisition [Line Items] |
Summary of Purchase Price Allocation | The following is a summary of the final purchase price allocation (in millions):
Cash | $ | 0.8 |
Accounts receivable |  | 2.8 |
Other assets |  | 0.7 |
Intangible assets subject to amortization |  | 4.2 |
Goodwill |  | 3.5 |
Current liabilities |  | (2.1 | )
Deferred tax |  | (1.1 | )
Summary of Intangible Assets Subject to Amortization Acquired | Intangible assets subject to amortization acquired includes:
Intangible Asset | Estimated Fair Value (in millions) |  | Weighted average life (in years) |
Publisher relationships | $ | 2.2 |  | 3.0 |
Advertiser relationships |  | 1.5 |  | 1.0 |
Trade name |  | 0.3 |  | 1.0 |
Non-Compete agreements |  | 0.2 |  | 1.5 |
Schedule of Unaudited Pro Forma Information | The following unaudited pro forma information has been prepared to give effect to the Company’s acquisition of BCNMonetize as if the acquisition had occurred on January 1, 2023. This pro forma information was adjusted to exclude acquisition fees and costs of $0.2 million for the nine-month period ended September 30, 2023, which were expensed in connection with the acquisition. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had this acquisition occurred on such date, nor does it purport to predict the results of operations for any future periods.
In thousands, except share and per share data |  | Nine-Month Period |
|  | Ended September 30, |
|  | 2023 |
Pro Forma: |  |  |
Total revenue |  | $ | 224,799 |
Net income (loss) attributable to common stockholders |  | $ | 4,312 |
Basic and diluted earnings per share: |  |  |
Net income (loss) per share, attributable to common stockholders, basic and diluted |  | $ | 0.05 |
Weighted average common shares outstanding, basic and diluted |  |  | 87,803,770 |

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