XML 41 R28.htm IDEA: XBRL DOCUMENT

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Presented below is a summary of the total purchase consideration for the Kestrel business combinations (in thousands except share data):


	Shares⁽¹⁾	Fair Value		Cash		Total
Closing date cash	—	$	—	$	16,000	$	16,000
Working capital distribution	—		—		78		78
Total cash paid	—	$	—	$	16,078	$	16,078
Closing date equity
Issued shares	444,784		4,701		—		4,701
Escrow shares	889,566		9,700		—		9,700
Total equity	1,334,350	$	14,401	$	—	$	14,401
Total consideration	1,334,350	$	14,401	$	16,078	$	30,479

(1)	The amount of shares issued and included in escrow were not retroactively adjusted for the 10% stock dividend declared on November 9, 2021 and issued on January 21, 2022.

Presented below is a summary of the purchase price allocations for the Kestrel business combinations on the acquisition date (in thousands):


	Purchase
	Price
	Allocation
Current assets:
Cash	$	80
Accounts receivable		15
Prepaid expenses and other		1
Total current assets	$	96
Long-term assets:
Identifiable intangible assets		10,000
Total assets acquired	$	10,096
Less liabilities assumed:
Accounts payable		(18)
Net identifiable assets acquired		10,078
Goodwill		20,401
Net assets acquired	$	30,479