BUSINESS COMBINATION (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Summary of the Consideration Paid and the Fair Values of the Assets Acquired and Liabilities

The following table summarizes the consideration paid and the fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

	Amount
Tangible assets acquired	$	18
Intangible asset – developed software/technology	913
Goodwill	3,569
Fair value of total purchase consideration	$	4,500

The allocation of the purchase price consideration is as follows (in thousands):

	Amount
Liabilities assumed	$	(105	)
Tangible assets acquired	32
Intangible asset – developed software/technology	1,818
Goodwill	3,643
Fair value of total purchase consideration	$	5,388

Schedule Of Combination Of Income Approach And Market Approach

The aggregate enterprise value was determined using a combination of the income approach and two market approaches in order to estimate an Enterprise Value under five different possible future scenarios, which were weighted as follows:

	Weighting
IPO	75	%
Transaction	20	%
Private company (DCF)	5	%