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Note 5 - Business Combination (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

(in thousands)	Consideration
Cash consideration for Reflect stock	$	16,664	(1)
Cash consideration for Retention Bonus Plan		1,334	(2)
Common stock issued to Reflect stockholders		4,667	(3)
Common stock issued to Retention Bonus Plan		333	(4)
Secured Promissory Note		2,500	(5)
Earnout liability		10,862	(6)
Total consideration		36,360
Vendor deposit with the Company		(818)	(7)
Cash acquired		(812)	(8)
Net consideration transferred	$	34,730

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

(in thousands)		Total
Accounts receivable		$	1,359
Inventory			190
Prepaid expenses & other current assets			666
Property and equipment			96
Operating right of use assets			555
Other assets			36
Identified intangible assets:
Definite-lived trade names			960
Definite-lived Developed technology			5,130
Definite-lived Customer relationships			11,040
Definite-lived Noncompete agreements			30
Goodwill			18,935
Accounts payable			(104	)
Accrued expenses			(483	)
Customer deposits			(1,661	)
Deferred revenues			(1,259	)
Current maturities of operating leases			(277	)
Long-term obligations under operating leases			(278	)
Other liabilities			(205	)
Net consideration transferred		$	34,730

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

(in thousands)		Valuation				Amortization Period (in years)
Identifiable definite-lived intangible assets:
Trade names		$	960				5
Developed technology			5,130				10
Noncompete			30				2
Customer relationships			11,040				10
Total		$	17,160

X

- 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.

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