Quarterly report pursuant to Section 13 or 15(d)

Recent Transactions (Tables)

v3.20.2
Recent Transactions (Tables)
9 Months Ended
Sep. 30, 2020
Schedule of Business Acquisitions
A summary of our business acquisitions and asset purchases during the nine month
s
ended September 30, 2020, none of which were individually or in the aggregate material to our Condensed Consolidated financial position as of the respective date of acquisition, is as follows:
 
Acquisition Date
  
Description
  
Total Cost
 
         
(Dollars in thousands)
 
September 15, 2020
  
Hyper Pixels (business acquisition)
  
$
1,108
 
     
 
 
 
     
$
1,108
 
     
 
 
 
Summary of Total Acquisition Consideration
The following table summarizes the total acquisition consideration for the nine
 
month
s
ended September 30, 2020:
 
Description
  
Total Consideration
 
    
(Dollars in thousands)
 
Cash payments made upon closing
   $
400
 
Deferred payments
    
700
 
Closing costs accrued for business acquisitions
    
8
 
  
 
 
 
Total purchase price consideration
   $
1,108
 
  
 
 
 
Total Acquisition Consideration Allocated
The fair value of the net assets acquired was allocated as follows:
 
    
Net Digital Media

Assets Acquired
    
Net Total

Assets Acquired
 
Assets
     
Property and equipment
   $ 866      $ 866  
Goodwill
     66        66  
Customer lists and contracts
     179        179  
Domain and brand names
     18        18  
  
 
 
    
 
 
 
  
$
1,129
 
  
$
1,129
 
  
 
 
    
 
 
 
Liabilities
     
Contract liabilities
  
$
(21   
$
(21
  
 
 
    
 
 
 
  
$
1,108
 
  
$
1,108