RECENT BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 30, 2021

Business Acquisition [Line Items]

SCHEDULE OF PRO FORMA INFORMATION

	Three months ended September 30, 2020
	(Unaudited) in thousands as Reported			(Unaudited) in thousands Proforma
Revenues, net	$	9,477		$	33,753
Net loss attributable to common shareholders	$	(4,211	)	$	(3,340	)

	Nine months ended September 30, 2020
	(Unaudited) in thousands As Reported			(Unaudited) in thousands Proforma
Revenues, net	$	23,028		$	86,310
Net loss attributable to common shareholders	$	(7,587	)	$	(8,384	)

Interactive Concepts BV [Member]

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the estimated acquisition date fair values of the net assets acquired and liabilities assumed, and the estimate of the fair value of consideration paid:

	(in thousands)
Assets acquired:
Cash	$	1,647
Accounts receivable		1,045
Inventories		191
Property and equipment		37
Total assets acquired		2,920
Accounts payable and accrued expenses		(821	)
Deferred tax liability		(230	)
Total liabilities assumed		(1,051	)
Net tangible assets acquired		1,869
Identifiable intangible assets:
Tradename		220
Customer relationships		745
Total intangible assets subject to amortization		965
Goodwill		439
Total net assets acquired	$	3,273
Consideration paid:
Cash	$	1,795
Deferred cash consideration		1,075
Common shares issued		403
Total consideration paid	$	3,273

Sahara Presentation Systems P L C Meber [Member]

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the estimated fair values of the net assets acquired and liabilities assumed, and the estimate of the fair value of consideration paid:

	(in thousands)
Assets acquired:
Cash	$	6,049
Accounts receivable		16,066
Inventories		17,257
Prepaid expenses and other current assets		2,277
Property and equipment		183
Total assets acquired		41,832
Accounts payable and accrued expenses		(8,624	)
Deferred revenue		(9,435	)
Deferred tax liability		(8,794	)
Other liabilities		(293	)
Total liabilities assumed		(27,146	)
Net tangible assets acquired		14,686
Identifiable intangible assets:
Customer relationships		39,629
Trademarks		5,319
Technology		3,372
Total intangible assets subject to amortization		48,320
Goodwill		16,774
Total net assets acquired	$	79,780
Consideration paid:
Cash	$	50,903
Preferred shares issued		28,877
Total consideration paid	$	79,780