Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Summary of Consideration Paid for Acquisitions

The following table summarizes the consideration paid for the Smart Retail acquisition in 2019 (unaudited, in thousands):

Fair value of assets acquired	$	9,394
Fair value of liabilities assumed		291
Total purchase price	$	9,103
Components of purchase price:
Cash	$	3,974
Common stock		5,129
Total purchase price	$	9,103

Summary of Preliminary Allocation of Purchase Price

The Company’s preliminary allocation of the purchase price is summarized as follows (unaudited, in thousands):

Assets:
Costs incurred on projects not complete	$	53
Intangible assets		5,229
Goodwill		4,112
Total assets	$	9,394
Liabilities:
Deferred revenue	$	291
Total liabilities		291
Total purchase price	$	9,103

Summary of Unaudited Proforma Results of Operation

Unaudited pro forma results of operations for the three month ended March 31, 2019 and 2018 are included below as if the acquisition occurred on January 1, 2018. This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had Smart Retail been acquired at the beginning of 2018, nor does it purport to represent results of operations for any future periods.

	For the Three Months Ended March 31,
	2019		2018
	(unaudited, in thousands, except per share amounts)
Revenues	$	8,432	$	6,515
Net income (loss)		48		(2,032	)
Earnings (loss) per share:
Basic	$	0.00	$	(0.14	)
Diluted	$	0.00	$	(0.14	)