Acquisitions (Tables)

9 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Summary of Consideration Paid for Acquisitions

The following table summarizes the consideration paid for the acquisition of the Family Safety Mobile Business (unaudited, in thousands):

Fair value of assets acquired	$	75,132
Fair value of liabilities assumed		2,399
Total purchase price	$	72,733
Components of purchase price:
Cash	$	63,216
Common stock		8,381
Contingent consideration		1,136
Total purchase price	$	72,733

Summary of Preliminary Allocation of Purchase Price

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

Assets:
Cash	$	6,351
Accounts receivable		6,225
Prepaid expenses		513
Fixed assets		1,218
Intangible assets		33,500
Goodwill		27,325
Total assets	$	75,132
Liabilities:
Accounts payable	$	392
Accrued payroll and benefits		1,693
Accrued expenses		314
Total liabilities		2,399
Total purchase price	$	72,733

Summary of Unaudited Proforma Results of Operation

Unaudited pro forma results of operations for the three and nine months ended September 30, 2021 and 2020 are included below as if the acquisition of the Family Safety Mobile business occurred on January 1, 2020. 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 the Family Safety Mobile Business been acquired at the beginning of 2020, nor does it purport to represent results of operations for any future periods.

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2021			2020			2021			2020
	(unaudited, in thousands, except per share amounts)						(unaudited, in thousands, except per share amounts)
Revenues	$	16,443		$	21,781		$	52,975		$	66,340
Net (loss) income		(5,493	)		(684	)		(13,648	)		551
(Loss) earnings per share:
Basic	$	(0.10	)	$	(0.01	)	$	(0.26	)	$	0.01
Diluted	$	(0.10	)	$	(0.01	)	$	(0.26	)	$	0.01