Note 13 - Subsequent Events

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 13. Subsequent Events

On  October 4, 2022, the Company acquired certain assets of Blue Hexagon, Inc.(“acquiree”), a privately held company incorporated Delaware with headquarters in Sunnyvale, California. The acquisition brings the acquiree’s artificial intelligence and machine learning capabilities to the Company's cloud platform to help convert highly integrated data into meaningful insights for the Company's customers. The total consideration of the acquisition is $10.0 million all payable in cash, of which $8.5 million was paid on the acquisition date to the acquiree and the remaining $1.5 million was paid to a third-party escrow account, which will be released to the acquiree 18 months from the acquisition date, subject to potential adjustment from possible indemnity claims. As of the date of this Quarterly Report on Form 10-Q, the Company has not completed the accounting of the acquisition.