Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of business acquisition, assets acquired and liabilities assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed. There were no measurement period adjustments for the quarter ended March 31, 2022 for Tacit:

	Tacit
Current assets	$	9,145
Property, plant and equipment	466
Intangible assets	12,913
Goodwill	21,268
Total assets acquired	$	43,792
Accounts payable and accrued expenses	(3,675)
Deferred taxes	(2,500)
Total liabilities assumed	$	(6,175)
Purchase price allocation	$	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 March 31, 2022 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

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.

	Three Months Ended March 31,
(Unaudited)	2022		2021
Revenue	$	71,410	$	43,415
Net loss	$	(2,667)	$	(1,721)
Diluted loss per share	$	(0.04)	$	(0.03)