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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Purchase Price Components | The purchase price components are summarized in the following table:
(in thousands) |  | Total |
Fair value of Class A common stock transferred |  | $ | 9,724 |
Cash consideration |  |  | 7,473 |
Total purchase price, as adjusted |  | $ | 17,197 |
Schedule of Preliminary Purchase Price Allocation | The following table presents the preliminary purchase price allocation, as adjusted, recorded in Gaia’s consolidated balance sheet as of December 31, 2021:
(in thousands) |  | Total |
Cash |  | $ | 829 |
Accounts receivable |  |  | 21 |
Prepaid expenses and other current assets |  |  | 248 |
Media library, software and equipment |  |  | 47 |
Intangible assets |  |  | 9,240 |
Goodwill |  |  | 11,581 |
Accounts payable and other liabilities |  |  | (993 | )
Deferred tax liability for acquired intangible assets |  |  | (2,079 | )
Deferred revenue |  |  | (1,697 | )
Total purchase price |  | $ | 17,197 |
Schedule of Identifiable Intangible Assets | Identifiable intangible assets are comprised of the following:
(in thousands) |  | Total |  |  | Estimated Life (months) |
Customer relationships |  | $ | 2,000 |  |  |  | 48 |
Content library |  |  | 6,970 |  |  |  | 90 |
Tradenames |  |  | 270 |  |  |  | 48 |
Total intangible assets acquired |  | $ | 9,240 |  |  |  |  |
Summary of Unaudited Pro Forma Condensed Combined Financial Information | The following table presents the unaudited pro forma condensed combined financial information:
|  | For the Years Ended December 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Revenues |  | $ | 89,488 |  |  | $ | 77,414 |
Net income (loss) |  |  | 4,569 |  |  |  | (463 | )

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