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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Schedule of Pro Forma Operating Results Pro forma operating results were prepared for comparative purposes only and are not indicative of what would have occurred had the acquisition been made as of January 1, 2020 or of the results that may occur in the future.

 

For the years ended

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

Revenues

$

170,173

 

 

$

119,310

 

 

$

57,574

 

iQuue Acquisition  
Business Acquisition [Line Items]  
Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date and Statement of Cash Flows

The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows.

Consideration

 

 

 

 

Cash paid at acquisition

 

 

$

6,192

 

Contingent consideration

 

 

 

5,230

 

Cash consideration held in escrow

 

 

 

1,021

 

Net working capital adjustment

 

 

 

508

 

Fair value of total consideration transferred

 

 

 

12,951

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

 

Cash

$

290

 

 

 

Accounts receivable

 

721

 

 

 

Inventory

 

49

 

 

 

Intangible assets

 

3,590

 

 

 

Prepaid expenses and other assets

 

5

 

 

 

         Total identifiable net assets acquired

 

4,655

 

 

 

Accounts payable

 

48

 

 

 

Deferred revenue

 

91

 

 

 

Accrued expenses and other liabilities

 

69

 

 

 

         Total liabilities assumed

 

208

 

 

 

 

 

 

 

 

            Total identifiable assets

 

 

 

4,447

 

 

 

 

 

 

Goodwill

 

 

$

8,504

 

 

 

Estimated useful life (in years)

December 31, 2021

 

Customer relationships

13

$

3,290

 

Developed technology

1

 

300

 

Total intangible assets

 

$

3,590

 

SightPlan  
Business Acquisition [Line Items]  
Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date and Statement of Cash Flows

The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows.

Consideration

 

 

 

 

Cash paid at acquisition

 

 

$

130,931

 

Cash consideration held in escrow

 

 

 

850

 

Net working capital adjustment

 

 

 

(127

)

Fair value of total consideration transferred

 

 

 

131,654

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

 

Cash

$

1,978

 

 

 

Accounts receivable, net

 

1,255

 

 

 

Intangible assets

 

30,900

 

 

 

Other assets

 

749

 

 

 

         Total identifiable net assets acquired

 

34,882

 

 

 

Accounts payable

 

6

 

 

 

Deferred revenue

 

885

 

 

 

Accrued expenses and other liabilities

 

735

 

 

 

Deferred tax liability (Note 9)

 

5,947

 

 

 

Other long-term liabilities

 

256

 

 

 

         Total liabilities assumed

 

7,829

 

 

 

 

 

 

 

 

            Total identifiable assets

 

 

 

27,053

 

 

 

 

 

 

Goodwill

 

 

$

104,601

 

Cash paid at acquisition

$

130,931

 

Cash acquired

 

(1,978

)

Cash consideration released from escrow

 

850

 

Net working capital adjustment

 

(127

)

Payment of acquisition consideration, net of cash acquired

$

129,676

 

Schedule of Recorded Intangible Assets at Fair Value

The Company recorded intangible assets at their fair value, which consisted of the following.

 

Estimated useful life (in years)

March 31, 2022

 

Trade Name

5

$

900

 

Customer relationships

10

 

19,700

 

Developed technology

7

 

10,300

 

Total intangible assets

 

$

30,900

 

Zenith Acquisition  
Business Acquisition [Line Items]  
Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date and Statement of Cash Flows

The total purchase consideration and the fair values and liabilities at the acquisition date were as follows.

Consideration

 

 

 

 

Cash Consideration

 

 

$

6,909

 

Promissory Note Consideration

 

 

 

974

 

Stock Consideration

 

 

 

813

 

Settlement of Preexisting Relationships

 

 

 

1,158

 

Fair Value of Total Consideration Transferred

 

 

 

9,854

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

 

Cash

$

4,527

 

 

 

Accounts receivable

 

518

 

 

 

Inventory

 

692

 

 

 

Prepaid expenses and other current assets

 

632

 

 

 

Property and equipment, net

 

61

 

 

 

Total identifiable assets acquired

 

6,430

 

 

 

 

 

 

 

 

Accounts payable

 

490

 

 

 

Accrued expenses and other current liabilities

 

248

 

 

 

Total liabilities assumed

 

738

 

 

 

 

 

 

 

 

Total identifiable net assets

 

 

 

5,692

 

 

 

 

 

 

Goodwill

 

 

$

4,162