XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
Acquisitions (Tables)
9 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Unaudited Pro Forma Revenue and Net Loss Information The unaudited pro forma revenue and net loss is presented for informational purposes only and does not purport to be indicative of the results of future operations or the results that would have occurred had the transaction taken place on April 1, 2020.

 

 

 

Three Months Ended
December 31,

 

 

Nine Months Ended
December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

 

(in thousands)

 

Pro forma revenue

 

$

60,755

 

 

$

62,317

 

 

$

194,466

 

 

$

175,493

 

Pro forma net loss

 

$

(89,064

)

 

$

(60,652

)

 

$

(179,965

)

 

$

(163,101

)

Lemonaid Health, Inc. [Member]  
Business Acquisition [Line Items]  
Schedule of Consideration Transferred to Acquired Identifiable Assets and Assumed Liabilities

The following is a preliminary estimate of the allocation of the consideration transferred to acquired identifiable assets and assumed liabilities, net of cash acquired, in the Lemonaid Acquisition as of November 1, 2021:

 

 

 

Amount

 

 

 

(in thousands)

 

Cash

 

$

7,711

 

Prepaid expenses and other current assets

 

 

3,388

 

Property and equipment, net

 

 

1,019

 

Intangible Assets

 

 

 

Customer relationships

 

 

14,900

 

Partnerships

 

 

23,200

 

Trademark

 

 

11,000

 

Developed technology

 

 

24,100

 

Non-compete agreements

 

 

2,800

 

Operating lease right-of-use asset

 

 

848

 

Other assumed assets

 

 

407

 

Accounts payable

 

 

(3,106

)

Accrued liabilities

 

 

(4,218

)

Operating lease liability

 

 

(971

)

Deferred tax liability

 

 

(6,645

)

Other assumed liabilities

 

 

(1,311

)

Total acquired identifiable assets and liabilities

 

 

73,122

 

Goodwill

 

 

351,598

 

Total consideration transferred

 

$

424,720