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Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

On March 5, 2019, the Company acquired 100% of the issued and outstanding units of Initech, LLC, a privately held company that owns and operates Growlr, a leading same-sex social app, for total consideration of $11.8 million, plus an earnout of $2.0 million. Included in total consideration of $11.8 million is $4.8 million in cash on hand and a draw down of $7.0 million from the Company’s New Revolving Credit Facility. See Note 7— Long-Term Debt for further details on the New Revolving Credit Facility. The earnout of $2.0 million is to be paid in annual $1.0 million installments over the next two years if certain revenue metrics are achieved in each year.

The Company has not provided an allocation of the preliminary purchase price as the initial accounting for the acquisition of Growlr is incomplete.