Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.22.2
ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
SCHEDULE OF ACQUIRED ASSETS IDENTIFIABLE INTANGIBLE ASSETS AND CERTAIN ASSUMED LIABILITIES

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):

 

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