v3.19.1
Acquisitions (Tables) - Elauwit Networks, LLC
3 Months Ended
Mar. 31, 2019
Acquisitions  
Summary of the preliminary purchase price allocation

                                                                                                                                                                                     

 

 

 

 

 

 

 

    

 

 

    

Weighted Average

 

 

Estimated

 

Estimated Useful

 

 

 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

Backlog - held for sale

 

 

750

 

 —

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

 

 

16,487

 

  

Total purchase price

 

$

29,537

 

  

 

Schedule of actual results

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

    

2019

    

2018

Revenue

 

$

7,420

 

$

 —

Net loss

 

 

(2,357)

 

 

 —

 

Schedule of the unaudited pro forma results

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2018

Revenue

 

$

64,546

Net loss

 

 

(3,399)

Net loss attributable to common stockholders

 

 

(3,848)

Net loss per share attributable to common stockholders

 

 

 

Basic

 

$

(0.09)

Diluted

 

$

(0.09)