COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2018

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 7—COMMITMENTS AND CONTINGENCIES

The Company is subject to contingencies which arise through the ordinary course of business. All material liabilities of which management were aware are properly reflected in the financial statements at June 30, 2018 and December 31, 2017.

Saugatuck Contingent Consideration

As of June 30, 2018, the Company has recorded a liability of $0.3 million representing the estimated fair value of contingent consideration related to the acquisition of Saugatuck and is classified as current and included in accrued expenses on the consolidated balance sheet.  The Company paid $0.3 million in April 2018 related to 2017 performance, of which 50% was paid with shares of ISG common stock. 

Experton Contingent Consideration

As of June 30, 2018, the Company has recorded a liability of $0.4 million representing the estimated fair value of contingent consideration related to the acquisition of Experton and is classified as current and included in accrued expenses on the consolidated balance sheet. The Company paid $0.5 million in April 2018 related to 2017 performance, of which 50% was paid with shares of ISG common stock.

TracePoint Contingent Consideration

As of June 30, 2018, the Company has recorded a liability of $1.7 million representing the estimated fair value of contingent consideration related to the acquisition of TracePoint and is classified as current and included in accrued expenses on the consolidated balance sheet. The Company paid $1.6 million in April 2018 related to 2017 performance, of which 50% was paid with shares of ISG common stock.