ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2022

ACQUISITIONS

Schedule of purchase price was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date

( in thousands)		Balance at March 9, 2022
Assets purchased:
Cash	$	398
Accounts receivable		452
Other assets		29
Client relationships (1)		3,600
Internally-developed software (1)		700
Trade name (1)		50
Goodwill (2)		3,614
Total assets purchased		8,843
Liabilities assumed:
Accounts payable and accrued liabilities		13
Deferred revenue		1,047
Total liabilities assumed		1,060
Net assets acquired		7,783
Consideration:
Cash paid		5,132
Contingent consideration liability (3)		2,651
Total consideration	$	7,783

(1) Acquired intangible assets will be amortized on a straight-line basis over their estimated useful life.

(2) Goodwill represents the excess of purchase price over the estimated fair value of net tangible and intangible assets acquired.

(3) Included within liabilities on our balance sheet as of March 31, 2022.

Schedule of unaudited pro forma results of operations

	Pro Forma Combined Financials (unaudited)
	Three months ended March 31,
( in thousands)	2022		2021
Revenue	$	7,569	$	6,327
Net loss attributed to common shareholders		(3,266)		(2,911)