ACQUISITIONS	12 Months Ended
Dec. 31, 2021
ACQUISITIONS
ACQUISITIONS	NOTE 3 — ACQUISITIONS On December 28, 2021, the Company completed the acquisition of substantially all of the assets of Square ADA LLC (“Square ADA”), a provider of accessibility solution to websites built or hosted by Squarespace, Inc. The aggregate consideration for the purchase of Square ADA was approximately $187,000 (at fair value) consisting of (i) $53,000 in cash, and (ii) contingent consideration estimated at $134,000 at December 31, 2021. We accounted for the acquisition of Square ADA as an asset acquisition in accordance with FASB ASC 805, “Business Combinations”, and ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”. Based on our assessment of the screen test as required by ASU 2017-01, the transaction does not meet the definition of a business as substantially all the fair value of the gross assets acquired is concentrated in one single identifiable intangible asset, the acquired customer relationships. Accordingly, we allocated the total cost of the acquisition to customer relationships following the cost accumulation model. No external direct transaction costs were incurred in connection with Square ADA’s acquisition. The operating results of Square ADA are not material for purposes of proforma disclosure.

ACQUISITIONS

12 Months Ended

Dec. 31, 2021

NOTE 3 — ACQUISITIONS

On December 28, 2021, the Company completed the acquisition of substantially all of the assets of Square ADA LLC (“Square ADA”), a provider of accessibility solution to websites built or hosted by Squarespace, Inc. The aggregate consideration for the purchase of Square ADA was approximately $187,000 (at fair value) consisting of (i) $53,000 in cash, and (ii) contingent consideration estimated at $134,000 at December 31, 2021.

We accounted for the acquisition of Square ADA as an asset acquisition in accordance with FASB ASC 805, “Business Combinations”, and ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”. Based on our assessment of the screen test as required by ASU 2017-01, the transaction does not meet the definition of a business as substantially all the fair value of the gross assets acquired is concentrated in one single identifiable intangible asset, the acquired customer relationships. Accordingly, we allocated the total cost of the acquisition to customer relationships following the cost accumulation model. No external direct transaction costs were incurred in connection with Square ADA’s acquisition.

The operating results of Square ADA are not material for purposes of proforma disclosure.