NOTE 4 - ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2017

Disclosure Text Block Supplement [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

We based the allocations on fair values at the date of acquisition:

Assets Acquired	CPI		PMSI		PSNW		iSystems		Compass		Total
Cash & cash equivalents	$	126		131		53		211		207		728
Accounts receivable		22		347		111		951		241		1,672
Restricted cash		-		-		-		200		-		200
Fixed assets		-		130		7		681		38		856
Other assets		-		17		17		699		33		766
Funds held for clients		2,809		-		6,294		-		-		9,103
Goodwill		1,190		2,247		1,579		42,096		1,929		49,041
Intangibles		1,563		2,646		1,879		15,070		3,470		24,628
Total assets acquired	$	5,710		5,518		9,940		59,908		5,918		86,994
Liabilities assumed
Accounts payable		51		19		28		392		65		555
Accrued other liabilities		-		191		40		791		45		1,067
Deferred revenue		-		370		-		1,073		-		1,443
Client fund obligations		2,754		-		6,294		-		-		9,048
Total liabilities assumed		2,805		580		6,362		2,256		110		12,113
Net assets acquired	$	2,905		4,938		3,578		57,652		5,808		74,881

	Amount
Assets acquired
Accounts receivable	$	523
Funds held for clients		16,419
Fixed assets		258
Other assets		28
Goodwill		9,016
Intangibles		8,700
Total assets acquired	$	34,944
Liabilities assumed
Accounts payable		64
Accrued other liabilities		461
Client fund obligations		16,419
Total liabilities assumed	$	16,944
Net assets acquired	$	18,000

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following is a reconciliation of the purchase price to the fair value of net assets acquired at the date of acquisition:

	CPI			PMSI			PSNW			iSystems			Compass			Total
Purchase price	$	3,000			5,000			3,610			55,000			6,000			72,610
Working capital adjustment		-			-			-			45			(39	)		6
Adjustment to fair value of Asure’s stock issued		(54	)		-			-			2,880			-			2,826
Debt discount		(41	)		(62	)		(32	)		(273	)		(153	)		(561	)
Fair value of net assets acquired	$	2,905			4,938			3,578			57,652			5,808			74,881

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited summary of pro forma combined results of operation for the three and six months ended June 30, 2017 and 2016 gives effect to the acquisitions of Mangrove, PMSI, iSystems and Compass and the acquisition of assets of COBRAsource, PSNW and CPI as if we had completed them on January 1, 2016. This pro forma summary does not reflect any operating efficiencies, cost savings or revenue enhancements that we may achieve by combining operations. In addition, we have not reflected certain non-recurring expenses, such as legal expenses and other transactions expenses for the first 12 months after the acquisition, in the pro forma summary. We present this pro forma summary for informational purposes only and it is not necessarily indicative of what our actual results of operations would have been had the acquisitions taken place as January 1, 2016, nor is it indicative of future consolidated results of operations.

	FOR THE THREE MONTHS ENDED			FOR THE THREE MONTHS ENDED
	JUNE 30,			JUNE 30,
	2017			2016
Revenues	$	14,965		$	15,314
Net loss	$	(1,031	)	$	(1,631	)
Net loss per common share:
Basic and diluted	$	(0.09	)		(0.21	)
Weighted average shares outstanding:
Basic and diluted		10,886			7,932

	FOR THE SIX MONTHS ENDED JUNE 30,			FOR THE SIX MONTHS ENDED JUNE 30,
	2017			2016
Revenues	$	29,955		$	30,512
Net loss	$	(2,351	)	$	(3,635	)
Net loss per common share:
Basic and diluted	$	(0.22	)	$	(0.46	)
Weighted average shares outstanding:
Basic and diluted	$	10,523		$	7,930