|
A
summary of the preliminary allocation of Kind Consideration to the acquired assets, identifiable intangible assets and certain assumed
liabilities is as follows (in thousands):
SCHEDULE
OF ACQUIRED ASSETS IDENTIFIABLE INTANGIBLE ASSETS AND CERTAIN ASSUMED LIABILITIES
| Fair value of consideration
transferred: |
|
|
|
|
| Cash
consideration: |
|
|
|
|
| Cash
paid at closing |
|
$ |
10,128 |
|
| Release
of escrow |
|
|
2,444 |
|
| Severance
paid from escrow |
|
|
556 |
|
| Less
cash acquired |
|
|
(2,310 |
) |
| Net
cash consideration |
|
|
10,818 |
|
| Note
payable |
|
|
5,634 |
|
| Write-off
accounts receivable |
|
|
658 |
|
| Write-off
of deferred accounts receivable |
|
|
842 |
|
| Total
fair value of consideration transferred |
|
$ |
17,952 |
|
| Fair
value of assets acquired and (liabilities assumed): |
|
|
|
|
| Current
assets, net of cash acquired |
|
$ |
5,047 |
|
| Property
and equipment |
|
|
622 |
|
| Intangible
assets: |
|
|
|
|
| Tradename
and trademarks |
|
|
2,041 |
|
| Licenses
and customer base |
|
|
4,700 |
|
| Non-compete
agreements |
|
|
42 |
|
| Goodwill |
|
|
6,011 |
|
| Current
liabilities |
|
|
(511 |
) |
| Total
fair value of assets acquired and (liabilities assumed) |
|
$ |
17,952 |
|
|