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Business Combinations (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Business Combinations    
Schedule of estimated fair value of the assets acquired and liabilities assumed for business combinations

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Useful Life (in years)

    

January 12, 2021 Acquisition

    

Other Acquisitions

    

Total

Purchase consideration:

 

 

 

 

 

 

 

 

 

 

Cash

 

 

$

20,169

 

$

4,000

 

$

24,169

Issuance of common stock

 

 

 

 —

 

 

1,169

 

 

1,169

Contingent consideration

 

 

 

1,410

 

 

327

 

 

1,737

Total purchase consideration:

 

 

$

21,579

 

$

5,496

 

$

27,075

Assets:

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

$

1,035

 

$

252

 

$

1,287

Current assets

 

 

 

4,939

 

 

413

 

 

5,352

Property and equipment

 

 

 

996

 

 

 —

 

 

996

Intangible assets:

 

 

 

 

 

 

 

 

 

 

Customer relationships

9.0

 

 

1,650

 

 

700

 

 

2,350

Acquired technology

4.0

 

 

3,525

 

 

600

 

 

4,125

Trademarks and tradenames

14.0

 

 

1,225

 

 

350

 

 

1,575

Non-competition agreements

2.0

 

 

40

 

 

15

 

 

55

Goodwill

 

 

 

18,262

 

 

3,569

 

 

21,831

Total assets acquired

 

 

 

31,672

 

 

5,899

 

 

37,571

Current liabilities

 

 

 

(8,067)

 

 

(22)

 

 

(8,089)

Long term liabilities

 

 

 

(2,026)

 

 

 —

 

 

(2,026)

Deferred tax liabilities, net

 

 

 

 —

 

 

(381)

 

 

(381)

Net assets acquired

 

 

$

21,579

 

$

5,496

 

$

27,075

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Useful Life (in years)

    

July 23, 2020 Acquisition

    

December 31, 2020 Acquisition

    

Other Acquisitions

    

Total

Purchase consideration:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

$

2,000

 

$

6,003

 

$

325

 

$

8,328

Issuance of common stock

 

 

 

1,790

 

 

4,711

 

 

358

 

 

6,859

Deferred acquisition consideration

 

 

 

 —

 

 

 —

 

 

80

 

 

80

Notes payable

 

 

 

 —

 

 

 —

 

 

607

 

 

607

Contingent consideration

 

 

 

 —

 

 

1,749

 

 

 —

 

 

1,749

Total purchase consideration:

 

 

$

3,790

 

$

12,463

 

$

1,370

 

$

17,623

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

$

382

 

$

119

 

$

36

 

$

537

Current assets

 

 

 

554

 

 

212

 

 

 7

 

 

773

Property and equipment

 

 

 

212

 

 

44

 

 

 2

 

 

258

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

5.0

 

 

740

 

 

2,400

 

 

 —

 

 

3,140

Acquired technology

9.0

 

 

470

 

 

3,700

 

 

300

 

 

4,470

Trademarks and tradenames

13.0

 

 

670

 

 

600

 

 

240

 

 

1,510

Non-competition agreements

2.0

 

 

70

 

 

155

 

 

 —

 

 

225

Goodwill

 

 

 

1,576

 

 

7,242

 

 

1,358

 

 

10,176

Total assets acquired

 

 

 

4,674

 

 

14,472

 

 

1,943

 

 

21,089

Current liabilities

 

 

 

(884)

 

 

(322)

 

 

(527)

 

 

(1,733)

Deferred tax liabilities, net

 

 

 

 —

 

 

(1,687)

 

 

(46)

 

 

(1,733)

Net assets acquired

 

 

$

3,790

 

$

12,463

 

$

1,370

 

$

17,623

 

Summary of estimated unaudited pro forma consolidated financial information

 

 

 

 

 

 

 

 

    

March 31,

    

March 31,

 

 

2021

 

2020

Revenue

 

$

27,504

 

$

20,974

Net loss

 

$

(65,570)

 

$

(21,264)