Acquisition of iNewswire.com LLC (Tables)

12 Months Ended

Dec. 31, 2022

Acquisition of iNewswire.com LLC

Schedule of fair value consideration transferred for the Acquisition

Consideration transferred:
Cash payment	$	18,000
Secured promissory note		22,000
Shares of Issuer Direct common stock based on closing market price prior to the Acquisition		3,892
Net working capital adjustment		(350	)
Total consideration transferred	$	43,542
Preliminary allocation of tangible and intangible assets and liabilities:
Goodwill	$	16,122
Trademarks/Tradename		27,500
Technology		2,520
Customer relationships		580
Net liabilities assumed		(3,180	)
Total amount allocated	$	43,542

Net liabilities assumed:
Cash	$	37
Accounts Receivable		90
Other Current Assets		14
Accounts Payable		(645	)
Accrued Expenses		(226	)
Deferred Revenue		(1,775	)
Deferred tax liability		(675	)
	$	(3,180	)

Schedule of of the results of operations

in $000’s, except per share amounts
	2022		2021
Revenues	$	34,194	$	31,917
Net income	$	770	$	729
Basic earnings per share	$	0.20	$	0.18
Diluted earnings per share	$	0.20	$	0.18