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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Summary of Consideration Paid for Acquisitions | The following table summarizes the consideration paid for the Smart Retail acquisition in 2019 (in thousands):
Fair value of assets acquired |  | $ | 9,394 |
Fair value of liabilities assumed |  |  | 291 |
Total purchase price |  | $ | 9,103 |
Components of purchase price: |  |  |  |
Cash |  | $ | 3,974 |
Common stock |  |  | 5,129 |
Total purchase price |  | $ | 9,103 |
Summary of Allocation of Purchase Price | The Company’s allocation of the purchase price is summarized as follows (in thousands):
Assets: |  |  |  |
Costs incurred on projects not complete |  | $ | 53 |
Intangible assets |  |  | 5,229 |
Goodwill |  |  | 4,112 |
Total assets |  | $ | 9,394 |
Liabilities: |  |  |  |
Deferred revenue |  | $ | 291 |
Total liabilities |  |  | 291 |
Total purchase price |  | $ | 9,103 |
Summary of Unaudited Proforma Results of Operation | Unaudited pro forma results of operations for the years ended December 31, 2019 and 2018 are included below as if the acquisition occurred on January 1, 2018. This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had Smart Retail been acquired at the beginning of 2018, nor does it purport to represent results of operations for any future periods.
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |
|  | (in thousands, except per share amounts) |
Revenues |  | $ | 43,346 |  |  | $ | 30,086 |
Net income (loss) |  |  | 10,722 |  |  |  | (1,421 | )
Earnings (loss) per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  |  | $ | (0.08 | )
Diluted |  | $ | 0.29 |  |  | $ | (0.08 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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