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ACQUISITION AND DIVESTITURES (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Allocation of Consideration Transferred for Acquired Companies | The following table summarizes the allocation of the consideration transferred for the Acquired Companies, including the identified assets acquired and liabilities assumed as of the acquisition date. The purchase price allocation is preliminary and is subject to revision as additional information about the fair value of the assets acquired and liabilities assumed, including certain working capital and income taxes, become available.
(in '000 USD) | Fair Value
Cash, (net of closing cash of $1,995) and working capital adjustments | $ | 46,002 |
Fair value of KORE common stock issued to sellers (4,212,246 shares) | 23,295 |
Total consideration | $ | 69,297 |
Assets acquired: |
Accounts receivable | 3,303 |
Inventories | 1,323 |
Prepaid expenses and other receivables | 976 |
Property and equipment | 201 |
Intangible assets | 28,664 |
Total Assets acquired | 34,467 |
Liabilities assumed: |
Deferred tax liabilities | 7,391 |
Accounts payable and accrued liabilities | 2,638 |
Liabilities assumed | 10,029 |
Net identifiable assets acquired | 24,438 |
Goodwill (excess of consideration transferred over net identifiable assets acquired) | $ | 44,859 |

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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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