• Filing Date: 2020-05-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
ACQUISITION (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Purchase price allocation
Accounts receivable, net   $ 381  
Other current assets, net     13  
Property and equipment, net     21  
Contract liabilities     (388 )
Net assets acquired     27  
Less intangible assets     7,436  
Consideration paid     (12,397 )
Net goodwill recorded   $ 4,934  
         
Cash consideration   $ 7,000  
Note payable     5,000  
Common stock consideration     397  
Total acquisition consideration   $ 12,397  
Pro-forma financial information
    Three Months Ended March 31,  
    2020     2019  
    (Dollars in thousands, except per share data)  
Revenue from continuing operations   $ 1,595     $ 1,979  
Net loss from continuing operations     (3,774 )     (1,710 )
Basic and diluted loss per share continuing operations   $ (0.19 )   $ (0.10 )
Basic and diluted number of shares     21,929,768       19,367,619