v3.10.0.1
Acquisitions (Tables) - Elauwit Networks, LLC
12 Months Ended
Dec. 31, 2018
Acquisitions  
Summary of the preliminary purchase price allocation

 

 

 

 

 

 

 

    

 

 

    

Weighted Average

 

 

 

 

 

Estimated Useful

 

 

Estimated Fair Value

 

Life (years)

Consideration:

 

 

  

 

  

Cash paid

 

$

15,576

 

  

Holdback consideration

 

 

13,000

 

  

Contingent consideration

 

 

961

 

  

Total consideration

 

$

29,537

 

  

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

  

 

  

Accounts receivable

 

$

4,494

 

  

Prepaid expenses and other current assets

 

 

1,687

 

  

Property and equipment

 

 

195

 

  

Other non-current assets

 

 

177

 

  

Accounts payable

 

 

(2,049)

 

  

Accrued expenses and other liabilities

 

 

(683)

 

  

Deferred revenue

 

 

(3,854)

 

  

Other non-current liabilities

 

 

(307)

 

  

Net tangible liabilities acquired

 

 

(340)

 

  

Backlog

 

 

7,030

 

5.0

Customer relationships

 

 

2,490

 

10.0

Partner relationships

 

 

1,200

 

10.0

Transition services agreement

 

 

540

 

2.0

Non-compete agreement

 

 

1,380

 

3.0

Goodwill

 

 

17,237

 

  

Total purchase price

 

$

29,537

 

  

 

Schedule of actual results

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2018

    

2017

    

2016

Revenue

 

$

11,228

 

$

 —

 

$

 —

Net loss

 

 

(2,349)

 

 

 —

 

 

 —

 

Schedule of the unaudited pro forma results

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2018

    

2017(2)

Revenue

 

$

268,693

 

$

229,503

Net loss

 

 

(739)

 

 

(20,827)

Net loss attributable to common stockholders

 

 

(2,224)

 

 

(21,417)

 

 

 

 

 

 

 

Net loss per share attributable to common stockholders

 

 

  

 

 

 

Basic

 

$

(0.05)

 

$

(0.54)

Diluted

 

$

(0.05)

 

$

(0.54)


(2)   As noted above, prior period amounts have not been adjusted upon adoption of ASC 606 under the modified retrospective method.