ACQUISITION (Tables)

12 Months Ended

Jun. 30, 2020

Fair value of purchase price consideration

The fair value of the purchase price consideration consisted of the following:



($ in thousands)
Cash consideration, net of cash acquired	$	65,181
USAT shares issued as stock consideration	23,279
Post-closing adjustment for working capital	(253		)
Total consideration	$	88,207

The following table summarizes the fair value of total consideration transferred to the holders of all the outstanding equity interests of Cantaloupe at the acquisition date of November 9, 2017:



($ in thousands)	November 9, 2017
Accounts receivable	$	2,897
Finance receivables	2,332
Inventory	282
Prepaid expense and other current assets	646
Finance receivables due after one year	3,603
Other assets	50
Property and equipment	1,610
Intangible assets	30,800
Total assets acquired	42,220
Accounts payable	(1,591		)
Accrued expenses	(2,401		)
Deferred revenue	(518		)
Capital lease obligations and current obligations under long-term debt	(666		)
Capital lease obligations and long-term debt, less current portion	(1,134		)
Deferred income tax liabilities	(157		)
Total identifiable net assets	35,753
Goodwill	52,454
Total fair value	$	88,207

Business Acquisition, Pro Forma Information

Other material non-recurring adjustments are reflected in the pro forma and described below:



	Year ended June 30,
($ in thousands, except per share data)	2018			2017

Revenue	$	140,575		$	121,373
Net loss attributable to USAT	(7,256		)	(13,828		)
Net loss attributable to USAT common shares	$	(7,924	)	$	(14,496	)
Net loss per share:
Basic	$	(0.15	)	$	(0.27	)
Diluted	$	(0.15	)	$	(0.27	)
Weighted average number of common shares outstanding:
Basic	53,717,133			52,849,217
Diluted	53,717,133			52,849,217