XML 34 R21.htm IDEA: XBRL DOCUMENT v3.20.4
Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

15. Subsequent Events

The Company evaluates and discloses subsequent events as required by ASC Topic No. 855, Subsequent Events. The Topic establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before the financial statements are issued or are available to be issued.

F-31

 


On March 8, 2021, the Company entered into a definitive agreement to acquire certain assets of the Family Safety Mobile Software Business from Avast plc, a public company limited by shares organized under the Laws of England and Wales, including the stock of Location Labs, LLC, a Delaware limited liability company, for $66 million, of which a portion of the purchase price may be in the form of Company stock with the remainder to be paid in cash. Closing of the transaction is expected to occur in April 2021. In order to fund the acquisition, the Company has launched an underwritten public offering of common stock.