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Note 3. Acquisition of Interwest Transfer Company, Inc. (Tables)
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Acquistion consideration
Initial payment  $1,935 
Fair value of restricted common stock issued   318 
Fair value of anniversary payments   851 
Total Consideration   3,104 
Plus: excess of liabilities assumed over assets acquired   576 
Total fair value of Interwest intangible assets and goodwill  $3,680 
Tangible assets and liabilities acquired
Cash  $63 
Accounts receivable, net   84 
Prepaid expenses   17 
Total assets   164 
Accounts payable and accrued expenses   12 
Deferred revenue   21 
Deferred tax liability   707 
Total liabilities   740 
Excess of liabilities assumed over assets acquired  $(576)
Intangible assets acquired
Customer relationships  $1,677 
Tradename   176 
Goodwill   1,827 
   $3,680 
Select pro-forma information
$ in 000’s 

Three months ended

June 30,

2017

 

Six months ended

June 30,

2017

       
Revenues  $3,898   $7,105 
Net Income  $644   $1,099 
Basic earnings per share  $0.21   $0.37 
Diluted earnings per share  $0.21   $0.36