Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Acquisition [Line Items]

Summary of Price Allocation for Acquisition

The preliminary purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

Cash	$	2,604
Accounts receivable		10,855
Other current assets		1,337
Equity investment		2,450
Fixed assets		108
Digital content		355
Advertiser relationships		6,132
Trade names		2,277
Goodwill		2,935
Accounts payable		(7,416	)
Accrued expenses and other		(2,440	)
Unearned revenue		(1,203	)
Other long-term liabilities		(543	)
Deferred tax liabilities		(1,276	)
Net assets acquired	$	16,175

Schedule Of Supplemental Cash Flow Information

The following table summarizes the results of operations of the Athlon acquisition from the acquisition date included in the condensed consolidated results of operations and the unaudited pro forma results of operations of the combined entity had the date of the acquisition been January 1, 2021:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Athlon from acquisition date of April 1, 2022 (unaudited):
Revenue	$	15,370		$	-		$	32,887		$	-
Net income		81			-			2,521			-
Combined entity supplemental pro forma information had the acquisition date been January 1, 2021 (unaudited):
Revenue:
Athlon	$	15,370		$	15,966		$	48,797		$	51,458
Arena		51,336			59,575			147,137			127,936
Total supplemental pro forma revenue	$	66,706		$	75,541		$	195,934		$	179,394
Net income (loss):
Athlon	$	81		$	1,030		$	1,945		$	3,644
Arena		(16,586	)		(24,707	)		(58,682	)		(70,827	)
Adjustments		533			(306	)		(1,310	)		158
Total supplemental pro forma net loss	$	(15,972	)	$	(23,983	)	$	(59,047	)	$	(67,025	)

Athlon Holdings, Inc. [Member]

Business Acquisition [Line Items]

Schedule of Preliminary Purchase Price

The composition of the preliminary purchase price is as follows:

Cash	$	12,085
Common stock		3,141
Deferred cash payments, as discounted		949
Total purchase consideration	$	16,175

College Spun Media Incorporated [Member]

Business Acquisition [Line Items]

Schedule of Preliminary Purchase Price

The composition of the purchase price is as follows:

Cash	$	10,830
Deferred cash payments, as discounted		905
Total purchase consideration	$	11,735

Summary of Price Allocation for Acquisition

The purchase price allocation resulted in the following amounts being allocated to the assets acquired and liabilities assumed at the closing date of the acquisition based upon their respective fair values as summarized below:

Cash	$	3,214
Accounts receivable		1,772
Other current assets		5
Brand name		5,175
Goodwill		3,479
Accrued expenses and other		(85)
Deferred tax liabilities		(1,825)
Net assets acquired	$	11,735

Petametrics Inc [Member]

Business Acquisition [Line Items]

Schedule of Preliminary Purchase Price

The composition of the purchase price is as follows:

Cash (including $35,000 of transaction related costs)	$	335
Restricted stock		168
Deferred cash payments		419
Deferred restricted stock		335
Total purchase consideration	$	1,257