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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2019
Business Acquisition [Line Items]  
Summary of Unaudited Pro Forma Financial Information

 

 

 

 

(Unaudited)

 

 

 

(in thousands)

 

 

 

Six months ended

 

 

Three months ended

 

 

 

June 30

 

 

June 30

 

 

 

2018

 

 

2018

 

Revenue

 

$

51,947

 

 

$

25,267

 

Net loss applicable to common stockholders

 

 

(2,166

)

 

 

(858

)

Telmetrics Acquisition  
Business Acquisition [Line Items]  
Summary of Consideration for Acquisition Initially Recorded

A summary of the consideration for the acquisition initially recorded is as follows (in thousands):

Cash

$

10,100

 

Future consideration

 

1,600

 

Total

$

11,700

 

 

 

 

 

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary estimated fair value of the assets acquired and the liabilities assumed as of June 30, 2019 (in thousands):

 

Cash and cash equivalents

$

359

 

Accounts receivable

 

1,274

 

Prepaid expenses and other current assets

586

 

Property and equipment

281

 

Identifiable intangible assets

 

6,351

 

Liabilities assumed

 

(885

)

Deferred tax liabilities

 

(1,677

)

Net assets acquired

 

6,289

 

Goodwill

 

5,411

 

Total

$

11,700

 

 

 

 

 

Callcap Acquisition  
Business Acquisition [Line Items]  
Summary of Consideration for Acquisition Initially Recorded

A summary of the consideration for the acquisition is as follows (in thousands):

Cash

$

24,993

 

Fair value of equity consideration

 

10,017

 

Total

$

35,010

 

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the estimated fair value of the assets acquired and the liabilities assumed as of June 30, 2019 (in thousands):

 

Cash and cash equivalents

$

490

 

Accounts receivable

 

246

 

Prepaid expenses and other current assets

 

504

 

Property and equipment

 

93

 

Identifiable intangible assets

 

15,128

 

Liabilities assumed

 

(482

)

Net assets acquired

 

15,979

 

Goodwill

 

19,031

 

Total

$

35,010