Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Adsmurai, S.L

Summary of Purchase Price Allocation

The following is a summary of the final purchase price allocation (in millions):

Cash	$	7.4
Accounts receivable		11.9
Other assets		0.7
Fixed assets		2.8
Intangible assets subject to amortization		8.2
Goodwill		13.3
Current liabilities		(14.4	)
Deferred tax		(2.0	)
Debt		(2.8	)
Noncontrolling interest		(12.3	)
Convertible loan		(12.8	)

Summary of Intangible Assets Subject to Amortization Acquired

Intangible assets subject to amortization acquired includes:

Intangible Asset	Estimated Fair Value (in millions)		Weighted average life (in years)
Advertiser relationships	$	4.7	7.0
Existing technology		2.4	5.0
Trade name		1.1	5.0

Reconciliation of Changes in Redeemable Noncontrolling Interests

The table below presents the reconciliation of changes in redeemable noncontrolling interests (in thousands):

	Year Ended December 31,
	2023		2022
Beginning balance	$	-	$	-
Transfer of noncontrolling interest to redeemable noncontrolling interest		9,625		-
Acquisition of redeemable noncontrolling interest		33,975		-
Net income (loss) attributable to redeemable noncontrolling interest		158		-
Ending balance	$	43,758	$	-

Schedule of Unaudited Pro Forma Information

In thousands, except share and per share data	Year Ended
	December 31,
	2023			2022
Pro Forma:
Total revenue	$	1,106,867		$	984,566
Net income (loss) attributable to common stockholders	$	(15,586	)	$	19,283
Basic and diluted earnings (loss) per share:
Net income (loss) per share, attributable to common stockholders, basic	$	(0.18	)	$	0.23
Net income (loss) per share, attributable to common stockholders, diluted	$	(0.18	)	$	0.22
Weighted average common shares outstanding, basic		87,901,938			85,391,163
Weighted average common shares outstanding, diluted		87,901,938			87,769,762

Jack of Digital

Reconciliation of Changes in Redeemable Noncontrolling Interests

The table below presents the reconciliation of changes in noncontrolling interests (in thousands):

	Year Ended December 31,
	2023			2022
Beginning balance	$	14,947		$	-
Distributions to noncontrolling interest		(4,356	)		-
Transfer of noncontrolling interest to redeemable noncontrolling interest		(9,625	)
Acquisition of noncontrolling interest		(624	)		12,897
Net income (loss) attributable to noncontrolling interest		(342	)		2,050
Ending balance	$	-		$	14,947

Schedule of Unaudited Pro Forma Information

In thousands, except share and per share data	Year Ended
	December 31,
	2023			2022
Pro Forma:
Total revenue	$	1,106,867		$	959,693
Net income (loss) attributable to common stockholders	$	(15,399	)	$	18,602
Basic and diluted earnings (loss) per share:
Net income (loss) per share, attributable to common stockholders, basic	$	(0.18	)	$	0.22
Net income (loss) per share, attributable to common stockholders, diluted	$	(0.18	)	$	0.21
Weighted average common shares outstanding, basic		87,901,938			85,391,163
Weighted average common shares outstanding, diluted		87,901,938			87,769,762

BCNMonetize

Summary of Purchase Price Allocation

The Company is in the process of completing the purchase price allocation for BCNMonetize. The following is a summary of the preliminary purchase price allocation (in millions):

Cash	$	0.8
Accounts receivable		2.8
Other assets		0.7
Intangible assets subject to amortization		4.2
Goodwill		3.5
Current liabilities		(2.1	)
Deferred tax		(1.1	)

Summary of Intangible Assets Subject to Amortization Acquired

Intangible assets subject to amortization acquired includes:

Intangible Asset	Estimated Fair Value (in millions)		Weighted average life (in years)
Publisher relationships	$	2.2	3.0
Advertiser relationships		1.5	1.0
Trade name		0.3	1.0
Non-Compete agreements		0.2	1.5

Schedule of Unaudited Pro Forma Information

In thousands, except share and per share data	Year Ended			Year Ended
	December 31,			December 31,
	2023			2022
Pro Forma:
Total revenue	$	1,112,880		$	971,845
Net income (loss) attributable to common stockholders	$	(13,896	)	$	22,770
Basic and diluted earnings (loss) per share:
Net income (loss) per share, attributable to common stockholders, basic	$	(0.16	)	$	0.27
Net income (loss) per share, attributable to common stockholders, diluted	$	(0.16	)	$	0.26
Weighted average common shares outstanding, basic		87,901,938			85,391,163
Weighted average common shares outstanding, diluted		87,901,938			87,769,762