Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2020
Pointer Transactions [Member]  
Schedule of Purchase Price Allocation on Net Assets Acquired

The following table summarizes the preliminary purchase price allocation based on estimated fair values of the net assets acquired at the acquisition date:

 

Accounts receivable   $ 19,701  
Inventory     8,666  
Other assets     26,461  
Customer relationships     15,610  
Trademark and tradename     6,096  
Technology     10,911  
Goodwill (a)     78,446  
Less: Current liabilities assumed     (21,055 )
Less: Non current liabilities assumed     (14,420 )
Net assets acquired   $ 130,416  

 

  (a) The goodwill is not deductible for tax purposes.
Schedule of Pro Forma Revenue and Earnings

The following table represents the combined pro forma revenue and earnings for the six-month period ended June 30, 2019:

 

    Three-Months Ended     Six-Months Ended  
    June 30, 2019     June 30, 2019  
    Historical     Pro Forma
Combined
    Historical     Pro Forma
Combined
 
          (Unaudited)           (Unaudited)  
Revenues   $ 16,274     $ 34,020     $ 29,885     $ 65,276  
Operating loss     (2,559 )     (2,229 )     (4,760 )     (4,941 )
Net loss per share - basic and diluted   $ (0.15 )   $ (0.16 )   $ (0.27 )   $ (0.16 )

CarrierWeb Acquisition [Member]  
Schedule of Purchase Price Allocation on Net Assets Acquired

The following table summarizes the final purchase price allocation of CarrierWeb and CarrierWeb Ireland based on the fair values of the net assets acquired at the acquisition date:

 

Accounts receivable     192  
Inventory     200  
Other assets     26  
Customer relationships     531  
Trademark and tradename     90  
Patents     628  
Goodwill (a)     3,108  
Net assets acquired   $ 4,775  

 

  (a) The goodwill is fully deductible for tax purposes.