v3.19.3

Acquisitions (Tables) - Elauwit Networks, LLC

9 Months Ended

Sep. 30, 2019

Acquisitions

Summary of the final purchase price allocation

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​	​	​	​	​	​
​		​	​		Weighted Average
​	​	​	​	​	Estimated Useful
​	​	Fair Value		​	Life (years)
Consideration:		​
Cash paid	​	$	15,576
Holdback consideration	​		12,075
Contingent consideration	​		961
Total consideration	​	$	28,612
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	​		(1,249)
Deferred revenue	​		(3,854)
Other non-current liabilities	​		(307)
Net tangible liabilities acquired	​		(906)
Backlog	​		6,982		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	​		16,176
Total purchase price	​	$	28,612

Schedule of actual results

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Three Months Ended

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Nine Months Ended

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September 30,

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September 30,

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2019

2018

2019

2018

​

​

(Unaudited)

Revenue

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$

5,745

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$

5,082

​

$

19,049

​

$

5,082

Net loss

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(1,658)

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(571)

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(5,674)

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(571)

Schedule of the unaudited pro forma results

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​	​	​	​	​	​	​
​	​	Three Months Ended		​	Nine Months Ended
​		September 30, 2018			September 30, 2018
Revenue	​	$	67,917	​	$	200,885
Net income (loss)	​		104	​		(1,221)
Net loss attributable to common stockholders	​	​	(492)	​	​	(2,668)
Net loss per share attributable to common stockholders	​	​	​	​	​	​
Basic	​	$	(0.01)	​	$	(0.06)
Diluted	​	$	(0.01)	​	$	(0.06)

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