Acquisitions (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Summary of Consideration Paid for Acquisitions

The following table summarizes the consideration paid for the Smart Retail acquisition in 2019 (in thousands):

Fair value of assets acquired	$	9,315
Fair value of liabilities assumed		212
Total purchase price	$	9,103
Components of purchase price:
Cash	$	3,974
Common stock		5,129
Total purchase price	$	9,103

Summary of Preliminary Allocation of Purchase Price

The Company’s preliminary allocation of the purchase price is summarized as follows (in thousands):

Assets:
Costs incurred on projects not complete	$	48
Intangible assets		5,229
Goodwill		4,038
Total assets	$	9,315
Liabilities:
Deferred revenue	$	212
Total liabilities		212
Total purchase price	$	9,103

Summary of Unaudited Proforma Results of Operation

Unaudited pro forma results of operations (in thousands, except per share data) for the year ended December 31, 2018 are included below as if the acquisition occurred on January 1, 2018. Fiscal year 2017 financial information for Smart Retail is not available; therefore, pro forma results of operations for 2017 have not been provided. This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had Smart Retail been acquired at the beginning of 2018, nor does it purport to represent results of operations for any future periods.

Revenues	$	30,086
Net loss		(1,421	)
Loss per share:
Basic	$	(0.08	)
Diluted	$	(0.08	)