Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition (Tables)

v3.22.1
Business Acquisition (Tables)
 3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed

 

Account   Amount  
Short term investments   $ 1,800  
Accounts receivable     171  
Inventory     133  
Prepaid and other current assets     379  
Definite-lived intangible assets     10,990  
Total assets acquired     13,473  
Accounts payable     (805 )
Accrued expenses and other current liabilities     (43 )
Deferred revenue     (2,391 )
Note payable     (81 )
Deferred tax liability     (1,925 )
Total liabilities assumed     (5,245 )
Net identifiable assets acquired     8,228  
Goodwill     4,446  
Total consideration, net of cash acquired (1)   $ 12,674  

 

(1) Net of $1.6 million cash acquired.
Schedule of Intangible Assets Acquisition

The intangible assets identified in conjunction with the Nebula Acquisition are as follows (in thousands):

 

    Gross Carrying Value     Estimated Useful Life (in years)  
Trade names   $ 5,550       15  
Proprietary intellectual property     4,260       5  
Customer relationships     1,180       1  
Total   $ 10,990