Acquisition (Tables)

3 Months Ended

Mar. 31, 2015

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	)