BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of recognized identified assets acquired and liabilities assumed

The following table presents our final allocation of the purchase consideration we paid to the net tangible and intangible assets we acquired based on their estimated fair values on the closing date of the CBG Acquisition (in thousands):



	Preliminary Purchase Price Allocation						Final Purchase Price Allocation
	September 30, 2016		Adjustments				September 30, 2017
Cash and cash equivalents	$	70	$	(10	)	A	$	60
Accounts receivable	365		(42		)	B	323
Other current assets	17		—				17
Total current assets	$	452	$	(52	)		$	400
Intangibles	9,206		(1,772		)	C	7,434
Total identifiable assets acquired	$	9,658	$	(1,824	)		$	7,834
Accounts payable	378		65			D	443
Taxes payable	—		298			E	298
Deferred revenue	145		—				145
Other current liabilities	12		94			F	106
Net identifiable assets acquired	$	9,123	$	(2,281	)		$	6,842
Goodwill	6,270		2,281				8,551
Total purchase consideration	$	15,393	$	—			$	15,393

In the table above, we note the adjustments we made during the period between our preliminary allocation of the purchase price and our final allocation of the purchase price, based on additional information we obtained which indicated that:


A.	a certain amount of cash was owed to another party as of the acquisition date and was not part of assets acquired,


B.	certain amounts were not valid receivables as of the acquisition date,


C.	the realizable value of certain intangible assets should be changed,


D.	additional amounts were owed to several vendors as of the acquisition date,


E.	a tax liability owed to the China taxing authorities existed as of the acquisition date, and


F.	penalties were owed as of the acquisition date in relation to a lawsuit settled prior to the acquisition date for which all other amounts had been accrued or paid prior to the acquisition date.