Acquisition (Tables)

6 Months Ended

Sep. 30, 2019

Acquisition

Schedule of purchase price allocation

The following tables summarize the preliminary purchase price allocation (in thousands) as of July 2, 2019:

Cash	$	664
Trade accounts receivable		905
Unbilled accounts receivable		347
Right-of-use assets		863
Property and equipment		357
Intangible assets		3,710
Goodwill		5,440
Other assets		161
Total assets acquired		12,447
Accounts payable		(378)
Accrued payroll and related expenses		(426)
Lease liabilities		(863)
Total liabilities assumed		(1,667)
Total purchase price	$	10,780

Schedule of fair values and useful lives of the identifiable intangible assets

			Weighted Average
	Amount		Useful Life
	(in thousands)		(in years)
Customer relationships	$	3,500	6
Non-compete agreement		210	3
Total intangible assets assumed	$	3,710

Schedule of pro forma financial information

	Three months ended		Six months ended
	September 30,		September 30,
	2018		2019		2018
	(In thousands, except per share amounts)
Pro forma revenue	$	26,162	$	56,705	$	53,635
Pro forma net loss		(1,463)		(3,924)		(3,112)
Pro forma loss per common share:
Basic		(0.04)		(0.10)		(0.09)
Diluted		(0.04)		(0.10)		(0.09)