Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of estimated fair values of the assets acquired and liabilities

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as updated for any changes as of December 31, 2021 for Daxx and Tacit:

	Daxx		Tacit
Current assets	$	4,527	$	9,145
Property, plant and equipment	352		466
Intangible assets	8,174		12,913
Goodwill	14,690		21,268
Total assets acquired	$	27,743	$	43,792
Accounts payable and accrued expenses	(4,718)		(3,675)
Deferred taxes	(2,639)		(2,500)
Total liabilities assumed	$	(7,357)	$	(6,175)
Purchase price allocation	$	20,386	$	37,617

Schedule of business acquisition, finite-lived intangibles

The estimated fair value, useful lives and amortization methods of identifiable intangible assets as of the date of acquisition updated for any changes during the year ended December 31, 2021 are as follows:

Tacit	Fair Value		Useful Life	Amortization method
Customer relationships	$	11,737	12 years	Straight-line
Trade name	1,176		4 years	Declining balance
Total Tacit identified intangible assets	$	12,913

Daxx	Fair Value		Useful Life	Amortization method
Customer relationships	$	4,234	8 years	Straight-line
Trade name	3,500		10 years	Straight-line
Non-compete agreements	440		2 years	Straight-line
Total Daxx identified intangible assets	$	8,174

Schedule of business acquisition pro forma information

These pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor are they necessarily an indication of future operating results.

(Unaudited)	2021		2020
Revenue	$	219,312	$	149,219
Net loss	$	(5,910)	$	(10,792)
Diluted loss per share	$	(0.10)	$	(0.24)