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Acquisitions | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Acquisitions | 2. Acquisitions The Company did not engage in any acquisitions during 2017. The following table summarizes the consideration paid for acquisitions in 2016 (in thousands):
Fair value of assets acquired |  | $ | 5,843 |
Fair value of liabilities assumed |  |  | 1,525 |
Total purchase price |  | $ | 4,318 |
Allocation of purchase price: |  |  |  |
Cash |  | $ | 2,581 |
Common stock |  |  | 1,737 |
Total purchase price |  | $ | 4,318 |
Cash consideration paid |  | $ | 2,581 |
Less: cash acquired |  |  | (96 | )
Cash consideration paid, net of cash acquired |  | $ | 2,485 |
Birdstep Technology AB On April 7, 2016, pursuant to the Share Purchase Agreement, dated as of March 8, 2016, by and between the Company and Birdstep Technology ASA (“Birdstep”), the Company completed its acquisition of 100% of the outstanding capital stock of Birdstep’s wholly owned Swedish subsidiary, Birdstep Technology AB. Pursuant to the terms of the Share Purchase Agreement, the Company paid a net purchase price of $2.0 million in cash to Birdstep at the closing. As a result of the acquisition, Birdstep Technology AB became a wholly-owned subsidiary of the Company. Acquisition-related costs of $0.2 million were recorded as expense in the fiscal year 2016 in the general and administrative section of the consolidated statement of operations. The Company’s allocation of the purchase price is summarized as follows (in thousands):
Assets: |  |  |  |
Cash and cash equivalents |  | $ | 73 |
Accounts receivable |  |  | 99 |
Income tax receivable |  |  | 103 |
Prepaids and other current assets |  |  | 311 |
Equipment and improvements |  |  | 30 |
Intangible assets |  |  | 670 |
Goodwill |  |  | 1,991 |
Total assets |  | $ | 3,277 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 223 |
Accrued liabilities |  |  | 421 |
Deferred revenue |  |  | 486 |
Deferred tax liability |  |  | 147 |
Total liabilities |  | $ | 1,277 |
Total purchase price |  | $ | 2,000 |
The results of operations of Birdstep Technology AB have been included in the Company’s consolidated financial statements from the date of acquisition. The pro-forma effect of the acquisition on historical periods is not material and therefore is not included. The purpose of the Birdstep acquisition was to re-enter the Asia-Pacific and European wireless markets, and to acquire engineering talent that was already in place and developing essentially the same NetWise-type products that we were. iMobileMagic – Mobile Experiences, LDA On July 19, 2016, the Company and iMobileMagic – Mobile Experiences, LDA (“iMM”), a Portuguese limited liability company, entered into a Share Purchase Agreement pursuant to which the Company agreed to acquire 100% of the outstanding share capital of iMM. Under the terms of the Share Purchase Agreement, the aggregate purchase price of approximately $2.3 million consisted of the following consideration: (i) approximately $0.6 million in cash; (ii) approximately $0.6 million in value of Buyer’s common stock; and (iii) approximately $1.1 million in value of Buyer’s common stock to be held in escrow pursuant to an Escrow Agreement. As a result of the acquisition, iMM has become a wholly-owned subsidiary of the Company. Approximately 16 employees continued as employees of iMM following the Closing. Acquisition-related costs of $0.2 million were recorded as expense in fiscal year 2016 in the general and administrative section of the consolidated statement of operations. The Company’s allocation of the purchase price is summarized as follows (in thousands):
Assets: |  |  |  |
Cash and cash equivalents |  | $ | 23 |
Short term investments |  |  | 1 |
Accounts receivable |  |  | 156 |
Prepaids and other current assets |  |  | 8 |
Intangible assets |  |  | 683 |
Goodwill |  |  | 1,695 |
Total assets |  | $ | 2,566 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 13 |
Accrued liabilities |  |  | 64 |
Deferred tax liability |  |  | 171 |
Total liabilities |  | $ | 248 |
Total purchase price |  | $ | 2,318 |
The results of operations of iMobileMagic have been included in the Company’s consolidated financial statements from the date of acquisition. The pro-forma effect of the acquisition on historical periods is not material and therefore is not included. The purpose of the iMobileMagic acquisition was to enter into the fast growing international family services, location-tracking market.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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Balance Type: | na
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- References No definition available. + Details
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Period Type: | duration