Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.22.2.2
ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Summary of preliminary allocation of business acquisition 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)
Fair value of net assets acquired $ 17,952