v3.19.2

Acquisitions (Tables) - Elauwit Networks, LLC

6 Months Ended

Jun. 30, 2019

Acquisitions

Summary of the preliminary purchase price allocation

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​	​	​	​	​	​
​		​	​		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

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Three Months Ended

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Six Months Ended

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June 30,

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June 30,

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2019

2018

2019

2018

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​

(Unaudited)

Revenue

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$

5,884

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$

—

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$

13,304

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$

—

Net loss

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(1,659)

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—

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(4,016)

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—

Schedule of the unaudited pro forma results

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​	​	​	​	​	​	​
​	​	Three Months Ended		​	Six Months Ended
​		June 30, 2018			June 30, 2018
Revenue	​	$	68,422	​	$	132,968
Net income (loss)	​		2,033	​		(1,358)
Net income (loss) attributable to common stockholders	​	​	1,628	​	​	(2,212)
Net income (loss) per share attributable to common stockholders	​	​	​	​	​	​
Basic	​	$	0.04	​	$	(0.05)
Diluted	​	$	0.04	​	$	(0.05)

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