Acquisitions, Intangible Assets, and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions

The acquisition date fair value of the consideration transferred consisted of the following:

	Acquisition Date
Consideration transferred	Fair Value
Fair value of the January 2021 and February 2022 Convertible Notes (a)	$	7,530
Cash paid at close (b)	4,255
Deferred purchase payments (c)	926
Contingent payment (d)	597
Other consideration (e)	548
Total purchase consideration	$	13,856

(a) This reflects the fair value of the January 2021 and February 2022 convertible debt securities in Datos. immediately prior to the business combination.

(b) This reflects the cash paid on the acquisition date.

(c) The deferred purchase payments represent an aggregate amount initially equal to $1,000, but subject to reduction in relation to customary representations and warranties. The first portion of the deferred purchase payments will be paid nine months from the closing date in the amount of $500, subject to the aforementioned reductions, and is recorded to other current liabilities in the consolidated balance sheet as of December 31, 2023. The remaining portion of the deferred purchase payments will be made fifteen months from the closing date and is recorded to other long-term liabilities in the consolidated balance sheet as of December 31, 2023. The fair value of the deferred purchase payments is based on the present value of these payments.

(d) The contingent payment represents contingent consideration which will be earned and paid based on Datos achieving certain ARR metrics as of December 31, 2024, and shall be paid no later than March 31, 2025. The fair value of the contingent payment is based on an option pricing model and has been recorded to other long-term liabilities in the consolidated balance sheet as of December 31, 2023.

(e) Other consideration represents additional consideration due to the seller after the acquisition date that is not contingent on a future event occurring or on conditions being met, the fair value of which is based on the present value of such payments, and other consideration transferred.

Schedule of Purchase Price Allocation Recorded in the Consolidated Balance Sheet

The allocation of the purchase price is preliminary as of December 31, 2023 as we continue to gather information supporting the acquired assets and liabilities to finalize the purchase price allocation.

	Purchase Price
Assets acquired	Allocation
Fair value of tangible assets:
Cash and cash equivalents	$	549
Accounts receivable	518
Prepaid expenses and other current assets	320
Property and equipment, net	7
Other long-term assets	3
Identifiable intangible assets	2,780
Goodwill	16,895
Total assets acquired	$	21,072
Liabilities assumed
Accounts payable	342
Deferred revenue	367
Accrued expenses	213
Other current liabilities	609
Other long-term liabilities	520
Total Liabilities Assumed	$	2,051
Fair value of assets acquired and liabilities assumed, net	$	19,021
Fair value of noncontrolling interest, including call option	$	5,166
Fair value of controlling interest acquired	$	13,855

The following table presents the purchase price allocation recorded in the Company’s consolidated balance sheet as of the acquisition date, which was final as of June 30, 2022:

	Purchase Price
Assets acquired	Allocation
Fair value of tangible assets:
Other assets	$	328
Goodwill	4,928
Identifiable intangible assets	5,500
Total assets acquired	$	10,756
Liabilities assumed
Current and non-current liabilities	$	756
Total liabilities assumed	$	756
Net assets acquired	$	10,000

Schedule of Intangible Assets

Intangible assets consist of the following:

	As of December 31, 2023
	Weighted
	Average
	Remaining	Gross				Net
	Useful Life	Carrying		Accumulated		Carrying
	(years)	Amount		Amortization		Amount
Developed technology	4.1	$	5,604	$	(1,518)	$	4,086
Trade name	3.7	4,451		(1,404)		3,047
Content	2.3	2,387		(1,021)		1,366
Customer relationships	4.4	1,694		(396)		1,298
Capitalized internal-use software	2.8	8,460		(2,174)		6,286
Total as of December 31, 2023		$	22,596	$	(6,513)	$	16,083

	As of December 31, 2022
	Weighted
	Average
	Remaining	Gross				Net
	Useful Life	Carrying		Accumulated		Carrying
	(years)	Amount		Amortization		Amount
Developed technology	4.8	$	4,007	$	(765)	$	3,242
Trade name	4.6	3,810		(656)		3,154
Content	3.1	1,958		(471)		1,487
Customer Relationships	2.3	600		(159)		441
Capitalized internal-use software	2.6	3,415		(1,453)		1,962
Total as of December 31, 2022		$	13,790	$	(3,504)	$	10,286

Schedule of Future Amortization Expense

As of December 31, 2023, future amortization expense is expected to be as follows:

Fiscal Year Ended December 31,	Amount
2024	$	4,304
2025	4,034
2026	3,056
2027	1,468
2028	695
Thereafter	2,526
Total	$	16,083

Schedule of Goodwill

The changes in the carrying value of goodwill during the year ended December 31, 2023 were as follows:

	Amount
Balance as of January 1, 2023	$	6,529
Traffic Think Tank acquisition	1,206
Datos acquisition	16,954
Foreign currency translation adjustment	190
Balance as of December 31, 2023	$	24,879