Annual report pursuant to Section 13 and 15(d)

Recent Transactions (Tables)

v3.20.4
Recent Transactions (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Business Acquisitions
A summary of our business acquisitions and asset purchases during the year ended December 31, 2020, none of which were individually or in the aggregate material to our 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 year ended December 31, 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
 
Assets
        
Property and equipment
   $ 866  
Goodwill
     66  
Customer lists and contracts
     179  
Domain and brand names
     18  
    
 
 
 
    
$
1,129
 
Liabilities
        
Contract liabilities
   $ (21
    
 
 
 
    
$
1,108