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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2021

Acquisitions

Cost of acquisition

Consideration (including estimated unpaid contingent consideration)
Cash		$	2,163
Common stock			346
Contingent consideration			746
		$	3,255
Assets
Cash		$	7
Accounts receivables			122
Prepaid expenses			4
Inventory			12
Other assets			12
Property and equipment			57
Right to use assets			134
Intangible assets acquired			2,238
Other long-term assets			44
Total assets acquired			2,630

Liabilities
Accounts Payable			26
Accrued Expenses			187
Contract Liability			147
Operating Lease Liability			118
Direct Financing Liability			20
Total liabilities assumed			498

Net identifiable assets acquired			2,132
Goodwill			1,123
Total purchase price		$	3,255

Pro forma information

		For the Six Months Ended June 30, (Unaudited)
(In thousands)		2021				2020
Revenues		$	15,314			$	13,625
Net income/(loss)			(12,686	)			702
Earnings per share		$	(0.65	)		$	0.04

Assets acquired and liabilities

Total purchase price		$	49,062
Cash			1,658
Trade receivables			846
Prepaid expenses			57
Other current assets			319
Property and equipment, net			62
Right-of-use assets			551
Deferred tax assets			2,829
Other long-term assets			84
Intangible assets- existing technology			5,047
Intangible assets- customer relationships			16,473
Total identifiable assets			27,926

Accounts payable			(438	)
Accrued expenses			(2,412	)
Finance leases			(17	)
Contract liabilities			(1,475	)
Operating lease liabilities			(379	)
Contract liabilities, net of current portion			(629	)
Finance leases, net of current portion			(29	)
Operating lease liabilities, net of current portion			(219	)
Total liabilities assumed			(5,598	)
Total goodwill		$	26,734