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Acquisition (Tables) | 3 Months Ended
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Mar. 31, 2015
Business Combinations [Abstract] |
Summary of Purchase Price Allocation | The following table summarizes the purchase price allocation and the fair value of the net assets acquired and liabilities assumed (items were marked to market), and the resulting amount of goodwill in the acquisition of Tiger Media (the accounting acquiree) at the Effective Date.
(in thousands) |  |  |
Assets acquired: |  |  |  |
Cash and bank |  | $ | 3,569 |
Accounts receivable |  |  | 1,808 |
Other current assets |  |  | 326 |
Property and equipment, net |  |  | 1,419 |
Intangible assets, net |  |  | 4,280 |
Long-term deferred assets |  |  | 586 |
|  |  | 11,988 |
Liabilities assumed: |  |  |  |
Accounts payable |  |  | (1,519 | )
Accrued expenses and other payables |  |  | (736 | )
Acquisition consideration payable |  |  | (464 | )
Amounts due to related parties |  |  | (124 | )
Deferred revenue |  |  | (80 | )
|  |  | (2,923 | )
Non-controlling interests |  |  | (425 | )
Goodwill |  |  | 35,472 |
Total consideration |  | $ | 44,112 |
Pro Forma Disclosure for Acquisition | The following table includes the pro forma results for the three months ended March 31, 2015 of the combined companies as though the acquisition had been completed as of the beginning of the period presented.
(in thousands) |  | IDI (Three months ended March 31, 2015) |  |  | Tiger Media (Period from January 1, 2015 to March 21, 2015) |  |  | Pro Forma Adjustment |  |  | IDI Pro Forma (Three months ended March 31, 2015) |
Revenue |  | $ | 1,268 |  |  |  | 461 |  |  |  | — |  |  |  | 1,729 |
Loss from continuing operations |  |  | (1,659 | ) |  |  | (1,851 | ) |  |  | — |  |  |  | (3,510 | )
Net loss |  |  | (1,654 | ) |  |  | (1,793 | ) |  |  | — |  |  |  | (3,447 | )
Net loss attributable to common shareholders |  |  | (1,637 | ) |  |  | (1,703 | ) |  |  | — |  |  |  | (3,340 | )
Basic and diluted loss per share |  |  | (0.22 | ) |  |  |  |  |  |  |  |  |  |  | (0.24 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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