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Acquisition Related Liabilities
 12 Months Ended
Dec. 31, 2023
Acquisition Related Liabilities [Abstract]  
Acquisition-Related Liabilities

NOTE 8—Acquisition-Related Liabilities

The following is a summary of acquisition-related liabilities:

 

 

eBay
CRM

 

 

Sizmek

 

 

IgnitionOne

 

 

Kinetic

 

 

Vital

 

 

Apptness

 

 

ArcaMax

 

 

WhatCounts

 

 

Total

 

Balance as of January 1, 2022

 

$

8,000

 

 

$

1,927

 

 

$

1,360

 

 

$

24

 

 

$

2,840

 

 

$

8,806

 

 

$

—

 

 

$

—

 

 

$

22,957

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

7,539

 

 

 

—

 

 

 

7,539

 

Payments made during the year

 

 

—

 

 

 

(2,168

)

 

 

—

 

 

 

(205

)

 

 

(1,105

)

 

 

(7,333

)

 

 

—

 

 

 

—

 

 

 

(10,811

)

Change in fair value of earn-out

 

 

—

 

 

 

241

 

 

 

—

 

 

 

1,073

 

 

 

565

 

 

 

8,828

 

 

 

2,283

 

 

 

—

 

 

 

12,990

 

Balance as of December 31, 2022

 

$

8,000

 

 

$

—

 

 

$

1,360

 

 

$

892

 

 

$

2,300

 

 

$

10,301

 

 

$

9,822

 

 

$

—

 

 

$

32,675

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,139

 

 

 

1,139

 

Payments made during the year

 

 

(4,225

)

 

 

—

 

 

 

(1,116

)

 

 

(638

)

 

 

(1,495

)

 

 

(8,783

)

 

 

(4,313

)

 

 

—

 

 

 

(20,570

)

Change in fair value of earn-out

 

 

450

 

 

 

—

 

 

 

(244

)

 

 

(9

)

 

 

195

 

 

 

4,341

 

 

 

827

 

 

 

1,490

 

 

 

7,050

 

Balance as of December 31, 2023

 

$

4,225

 

 

$

—

 

 

$

—

 

 

$

245

 

 

$

1,000

 

 

$

5,859

 

 

$

6,336

 

 

$

2,629

 

 

$

20,294

 

During the year ended December 31, 2023, the businesses acquired by the Company in its Apptness, ArcaMax and WhatCounts acquisitions have performed better than the estimates used for the initial purchase price allocation, as such the Company recorded the changes in the fair value of the earn-outs, which are included in "other expenses" on the consolidated statements of operations and comprehensive loss.

During the year ended December 31, 2023, the Company settled the litigation in relation to certain acquisition related liabilities for its eBay CRM and recorded an additional liability of $450 and paid $4,225. The Company expects to pay the remaining amount of $4,225 within the next 12 months and included this amount in acquisition-related liabilities (current) in the audited consolidated balance sheet as of December 31, 2023.