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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
BUSINESS COMBINATIONS |
Summary of Purchase Consideration | 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 in the table above for the 10% stock dividend declared on November 9, 2021 and issued on January 21, 2022. The issued and escrow shares after retroactive adjustment for the 10% stock dividend were 489,262 and 978,523 shares, respectively, as shown in the Consolidated Statements of Stockholders’ Equity.
Summary of Purchase Price Allocations | 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

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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