Acquisition of iNewswirecom LLC (Tables)

9 Months Ended

Sep. 30, 2023

Acquisition of iNewswirecom 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 and other costs paid on behalf of Seller, net of cash		(350	)
Total consideration transferred	$	43,542

	As Originally Reported			Measurement Period Adjustment			As Adjusted
Final allocation of tangible and intangible assets and liabilities:
Goodwill	$	16,122		$	(571	)	$	15,551
Trademarks/Tradenames		27,500			—			27,500
Technology		2,520			—			2,520
Customer relationships		580			—			580
Net liabilities assumed		(3,180	)		571			(2,609	)
Total amount allocated	$	43,542		$	—		$	43,542
Net liabilities assumed:
Cash	$	37		$	—		$	37
Accounts Receivable		90			253			343
Other Current Assets		14			—			14
Accounts Payable		(645	)		—			(645	)
Accrued Expenses		(226	)		—			(226	)
Deferred Revenue		(1,775	)		318			(1,457	)
Deferred tax liability		(675	)		—			(675	)
	$	(3,180	)	$	571		$	(2,609	)

Schedule of of the results of operations

in $000’s, except per share amounts
	Three months ended September 30, 2022		Nine months ended September 30, 2022
Revenues	$	7,890	$	25,533
Net income		41		1,143
Basic earnings per share		0.01		0.29
Diluted earnings per share		0.01		0.29