XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Other current liabilities
9 Months Ended
Sep. 30, 2021
Other Liabilities, Current [Abstract]  
Other current liabilities Other current liabilities
The components of other current liabilities were as follows (in thousands):
As of
September 30, 2021December 31, 2020
Customer deposits$781 $731 
Other liabilities2,068 528 
Contingent consideration payable4,926 1,947 
Total other current liabilities$7,775 $3,206 
In connection with the acquisition of Daxx Web Industries B.V.("Daxx") on December 14, 2020, the Company recorded a contingent consideration payable, which is a post-closing earn-out consideration, estimated based on fair value of $1.9 million. During the third quarter of 2021 the Company made an adjustment to the fair value of the earn-out consideration that resulted in recognition of $0.4 million of income that was classified as Other income/(expenses), net in unaudited condensed consolidated statement of loss and comprehensive loss. In connection with the acquisition of Tacit on May 29, 2021, the Company recorded a contingent consideration payable, which is a post-closing earn-out consideration, estimated based on fair value of $3.4 million.
As of September 30, 2021 the Company had payable to one of its related parties in the amount of $1.1 million that was classified as Other current liabilities in unaudited condensed consolidated balance sheet.