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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2021
Acquisitions |
Cost of acquisition |
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 |
Pro forma information |
|  | For the Nine Months Ended September 30, (Unaudited) |
(In thousands) |  | 2021 |  |  | 2020 |
Revenues |  | $ | 24,123 |  |  | $ | 20,867 |
Net income/(loss) |  |  | (12,671 | ) |  |  | 487 |
Earnings per share |  | $ | (0.64 | ) |  | $ | 0.03 |
Assets acquired and liabilities |
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 |

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