Acquisition of iNewswirecom LLC (Tables)

12 Months Ended

Dec. 31, 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		(350	)
Total consideration transferred	$	43,542

Final allocation of tangible and intangible assets and liabilities:	As Originally Reported			Measurement Period Adjustments			As Adjusted
Goodwill	$	16,122		$	(571	)	$	15,551
Trademarks/Tradename		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 the results of operations

in $000’s, except per share amounts
	2023		2022
Revenues	$	33,378	$	34,194
Net income		766		770
Basic earnings per share		0.20		0.20
Diluted earnings per share	$	0.20	$	0.20