Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.21.1
Business Acquisitions (Tables)
12 Months Ended
Dec. 31, 2020
LEEDS  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation as of Acquisition Date

The following table summarizes the allocation of the purchase price as of the acquisition date, November 24, 2020 (in thousands):

 

Cash and cash equivalents

 

$

7,044

 

Accounts receivable and contract asset, net

 

 

1,060

 

Property and equipment, net

 

 

161

 

Operating lease right-of-use asset

 

 

225

 

Goodwill

 

 

1,432

 

Customer relationship

 

 

14,410

 

Other asset

 

 

45

 

Accrued expenses and other current liabilities

 

 

(458

)

Other liabilities

 

 

(98

)

         Total estimated consideration

 

$

23,821

 

 

 

 

 

 

Summary of Unaudited Pro Forma Combined Revenue and Net Income (Loss)

The unaudited pro forma combined revenue and net income (loss) for the years ended December 31, 2020 and 2019 are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Revenues

 

$

59,196

 

 

$

50,630

 

Net income (loss)

 

$

5,014

 

 

$

(145

)

HunchLab  
Business Acquisition [Line Items]  
Summary of Purchase Price Allocation as of Acquisition Date

The following table presents the purchase price allocation (in thousands):

 

 

 

 

 

 

Accounts receivable

 

$

114

 

Prepaid expense

 

 

4

 

Deferred revenue, short term

 

 

(120

)

Accounts payable

 

 

(26

)

Software technology

 

 

950

 

Customer relationships

 

 

160

 

Goodwill

 

 

1,379

 

Total purchase consideration

 

$

2,461

 

Components of Identifiable Technology and Intangible Assets and Estimated Useful Lives

The following table presents the components of the identifiable technology and intangible assets and the estimated useful lives (in thousands):

 

 

 

Fair Value

 

 

Useful

Life

Software technology

 

$

950

 

 

5 years

Customer relationships

 

160

 

 

7 years

Total identifiable technology and intangible assets

 

$

1,110