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Subsequent Events (Tables)
6 Months Ended
Jun. 30, 2021
Subsequent Event [Line Items]  
Summary of Elements of Purchase Price of Acquisitions

The following table summarizes the elements of purchase price of the acquisitions completed during the year ended December 31, 2020:

 

 

 

Cash

 

 

Common

Stock

 

 

Other

Purchase

Price

Components

Current

 

 

Other

Purchase

Price

Components

Long Term

 

 

Contingent

Consideration

Current

 

 

Contingent

Consideration

Long Term

 

 

Total

Purchase

Price

 

CTEH

 

$

175,000

 

 

$

25,000

 

 

$

(1,939

)

 

$

 

 

$

34,451

 

 

$

10,543

 

 

$

243,055

 

Other acquisitions

 

 

450

 

 

 

 

 

 

50

 

 

 

100

 

 

 

210

 

 

 

 

 

 

810

 

Total

 

$

175,450

 

 

$

25,000

 

 

$

(1,889

)

 

$

100

 

 

$

34,661

 

 

$

10,543

 

 

$

243,865

 

EI and SL  
Subsequent Event [Line Items]  
Summary of Elements of Purchase Price of Acquisitions

These transactions qualified as an acquisition of a business and will be accounted for as a business combination. The following table summarizes the elements of the purchase price of these acquisitions:

 

 

 

 

 

 

 

 

 

 

 

 

Other Purchase

 

 

Total

 

 

 

Cash (1)

 

 

Common Stock (2)

 

 

Price Component (3)

 

 

Purchase Price

 

EI

 

$

20,721

 

 

$

2,274

 

 

$

-

 

 

$

22,995

 

Sensible

 

 

6,500

 

 

 

1,000

 

 

 

5,500

 

 

 

13,000

 

 

 

(1)

The cash portion of these acquisitions’ purchase price was funded through cash on hand.

 

(2)

The common stock component was paid through the issuance of 43,100 and 19,638 shares of common stock for EI and Sensible, respectively.

 

(3)

The other purchase price component for EI consists of a potential working capital target payment, which is undetermined at this time. The other purchase price components of Sensible consist of an earn out that will be paid in common stock as targets are met, as well as, a potential working capital target payment, which is undetermined at this time.