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ACQUISITIONS
9 Months Ended
Sep. 30, 2022
ACQUISITIONS  
ACQUISITIONS
3.ACQUISITIONS

On July 1, 2022, the Company acquired Zoocasa Realty Inc. (“Zoocasa”) in a stock purchase transaction.  The total consideration paid was $17,458 including net cash of $9,668 (net of cash acquired of $2,772), stock issued from treasury of $4,800 and the anticipated working capital adjustment.  The Zoocasa acquisition has been accounted for using the acquisition method of accounting. Under the acquisition method of accounting, the Company allocated the total purchase price to the tangible and identifiable intangible assets acquired, and assumed liabilities based on their estimated fair values as of the acquisition date, as determined by management. The purchase price included goodwill of $14,459 and identified intangible assets of $1,281.  The excess of the purchase price over the aggregate fair values of the identifiable assets was recorded as goodwill, which is not deductible for tax purposes. Goodwill generated from the acquisition includes an assembled workforce.  Zoocasa is a consumer real estate research portal that offers proprietary home search tools, market insights and a connection to local real estate experts.  The Company is in the process of completing the purchase price allocation and the final analysis of working capital adjustments which will be completed within one year from the date of acquisition.