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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2015
Pro Forma Disclosure for Acquisition | The following table includes the pro forma results for the years ended December 31, 2015 and 2014 of the combined companies as though the acquisition had been completed as of the beginning of the periods presented.
|  | Pro forma (unaudited) |
|  | Year Ended December 31, |
(In thousands) |  | 2015 |  |  | 2014 (1) |
Revenue |  | $ | 148,863 |  |  | $ | 19,508 |
Loss from continuing operations |  | $ | (59,739 | ) |  | $ | (35,403 | )
Net loss |  | $ | (87,575 | ) |  | $ | (24,669 | )
Basic and diluted loss per share |  | $ | (6.72 | ) |  | $ | (5.48 | )
(1) | As IDI Holdings, the accounting acquirer of the merger consummated effective as of March 21, 2015, was incorporated on September 22, 2014, the combined comparative pro forma figures of both IDI and Fluent in 2014 were from September 22, 2014, the date of inception, through December 31, 2014.
Fluent Acquisition [Member] |
Summary of Purchase Price Allocation | The following table summarizes the preliminary purchase price allocation and the fair value of the net assets acquired and liabilities assumed (marked to market), and the resulting amount of goodwill in the acquisition of Fluent (the legal and accounting acquiree) at the Effective Date.
(In thousands) |  |  |
Assets acquired: |  |  |  |
Cash and cash equivalents |  | $ | 6,013 |
Accounts receivable |  |  | 20,250 |
Prepaid expenses and other current assets |  |  | 691 |
Property and equipment |  |  | 242 |
Intangible assets: |  |  |  |
Customer relationship |  |  | 30,875 |
Trademarks |  |  | 16,357 |
Domain names |  |  | 191 |
Developed technology |  |  | 10,716 |
Database |  |  | 25,052 |
Non-competition agreements |  |  | 728 |
Total intangible assets |  |  | 83,919 |
Other non-current assets |  |  | 763 |
Deferred tax assets |  |  | 1,868 |
|  |  | 113,746 |
Liabilities assumed: |  |  |  |
Accounts payable and accrued expenses |  |  | 10,792 |
Liability for employee incentive-based compensation plan |  |  | 4,000 |
Deferred revenue |  |  | 314 |
Deferred tax liabilities |  |  | 32,111 |
|  |  | 47,217 |
Goodwill |  |  | 156,526 |
Total consideration |  | $ | 223,055 |
Including: |  |  |  |
Cash consideration |  | $ | 99,289 |
Fair value of Series B Preferred issued |  |  | 123,766 |
Total consideration |  | $ | 223,055 |
Pro Forma Disclosure for Acquisition | The financial data of Fluent for the period from December 9, 2015 through December 31, 2015 is presented below:
(In thousands) |  | Period from December 9, 2015 to December 31, 2015 |
Revenue |  | $ | 10,089 |
Loss from continuing operations |  | $ | (190 | )
Net loss |  | $ | (589 | )
Tiger Media [Member] |
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 (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 cash equivalents |  | $ | 3,569 |
Accounts receivable |  |  | 1,808 |
Other current assets |  |  | 326 |
Property and equipment |  |  | 1,419 |
Intangible assets, net |  |  | 4,280 |
Long-term deferred expenses |  |  | 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 |
Interactive Data [Member] |
Summary of Purchase Price Allocation | The purchase price allocation is summarized as follows:
(In thousands) |  |  |
Assets acquired: |  |  |  |
Working capital, net |  | $ | 426 |
Property and equipment, net |  |  | 229 |
Intangible assets, net |  |  | 339 |
Deferred tax assets |  |  | 99 |
Goodwill |  |  | 5,227 |
Total consideration |  | $ | 6,320 |

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