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Business Combination and Assets Acquisition (Tables)

3 Months Ended

Oct. 31, 2022

Business Combinations [Abstract]

Schedule of allocation of the preliminary purchase price

(Dollar Amounts in Thousands)
Purchase price consideration:
Cash consideration paid at close		$	15,242
Cash contributed to escrow accounts at close			2,700
Cash deducted from purchase price and contributed to GuruShots’ working capital			58
Fair value of contingent consideration to be achieved at year 1			3,396
Fair value of contingent consideration to be achieved at year 2			2,508
Fair value of total consideration transferred			23,904
Total purchase price, net of cash acquired		$	23,384
Fair value allocation of purchase price:
Cash and cash equivalents		$	520
Trade accounts receivable			282
Prepaid expenses			145
Property and equipment, net			17
Other assets (including ROU)			151
Accounts payable and accrued expenses			(1,351	)
Operating lease liabilities, current			(53	)
Operating lease liabilities, noncurrent			(34	)
Acquired intangible assets			15,320
Goodwill			8,907
Total purchase price		$	23,904

Schedule of intangible assets

(Dollar Amounts in Thousands)		Asset Value				Useful Life
Identified intangible assets:
Trade names		$	3,570			12 years
Acquired developed technology			3,950			5 years
Customer relationships			7,800			10 years
Total identified intangible assets		$	15,320

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- References

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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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

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