• Filing Date: 2020-08-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
ACQUISITION (Tables)
6 Months Ended
Jun. 30, 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 June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
Total revenue from continuing operations   $ 2,677     $ 1,416     $ 4,273     $ 3,395  
Net loss from continuing operations     (419 )     (2,991 )     (4,193 )     (4,701 )
Basic and diluted loss per share continuing operations   $ (0.03 )   $ (0.17 )   $ (0.22 )   $ (0.28 )
Basic and diluted number of shares     22,829,084       19,369,399       22,224,417       19,135,176