Recent Transactions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Business Acquisitions

A summary of our business acquisitions and asset purchases during the year ended December 31, 2020, none of which were individually or in the aggregate material to our Consolidated financial position as of the respective date of acquisition, is as follows:

Acquisition Date	Description	Total Cost
		(Dollars in thousands)
September 15, 2020	Hyper Pixels (business acquisition)	$	1,108
		$	1,108

Summary of Total Acquisition Consideration

The following table summarizes the total acquisition consideration for the year ended December 31, 2020:

Description	Total Consideration
	(Dollars in thousands)
Cash payments made upon closing	$	400
Deferred payments		700
Closing costs accrued for business acquisitions		8
Total purchase price consideration	$	1,108

Total Acquisition Consideration Allocated

The fair value of the net assets acquired was allocated as follows:

	Net Digital Media Assets Acquired
Assets
Property and equipment	$	866
Goodwill		66
Customer lists and contracts		179
Domain and brand names		18
	$	1,129
Liabilities
Contract liabilities	$	(21	)
	$	1,108