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Note 3. Recent Acquisitions (Tables)
6 Months Ended
Jun. 30, 2019
VisualWebcaster Platform  
Intangible assets acquired
Customer relationships  $1,190 
Technology   497 
Non-compete agreement   69 
Goodwill   1,019 
   $2,775 
Select pro-forma information
$ in 000’s 

Three months ended

June 30,

2018

 

Six months ended

June 30,

2018

       
Revenues  $4,400   $8,524 
Net Income  $436   $763 
Basic earnings per share  $0.14   $0.25 
Diluted earnings per share  $0.14   $0.24 
Filing Services Canada Inc.  
Acquistion consideration
Initial cash payment  $1,140 
Fair value of restricted common stock issued   62 
Total Consideration   1,202 
Plus: excess of liabilities assumed over assets acquired   224 
Total fair value of FSCwire intangible assets and goodwill  $1,426 
Tangible assets and liabilities acquired
Cash  $17 
Accounts receivable, net   42 
Total assets   59 
      
Accounts payable and accrued expenses   35 
Deferred revenue   78 
Deferred tax liability   170 
Total liabilities   283 
Excess of liabilities assumed over assets acquired  $(224)
Intangible assets acquired
Customer relationships   $ 311  
Distribution partner relationships     153  
Goodwill     962  
    $ 1,426