Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Avast PLC Family Safety Mobile Software Business [Member]

Summary of Consideration Paid for Acquisitions

The following table summarizes the consideration paid for the Family Safety Mobile Business in 2021 (in thousands):  

Fair value of assets acquired	$	74,818
Fair value of liabilities assumed		2,085
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 Allocation of Purchase Price

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

Assets:
Cash	$	6,351
Accounts receivable		6,225
Prepaid expenses		513
Fixed assets		921
Intangible assets		38,033
Goodwill		22,775
Total assets	$	74,818
Liabilities:
Accounts payable	$	392
Accrued payroll and benefits		1,662
Accrued expenses		31
Total liabilities	$	2,085
Total purchase price	$	72,733

Summary of Unaudited Proforma Results of Operation

Unaudited pro forma results of operations for the years ended December 31, 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.

	Year Ended December 31,
	2021			2020
	(in thousands, except per share amounts)
Revenues	$	67,654		$	87,908
Net (loss) income		(16,304	)		4,046
Earnings per share:
Basic	$	(0.30	)	$	0.08
Diluted	$	(0.30	)	$	0.08

Circle [Member]

Summary of Consideration Paid for Acquisitions

The following table summarizes the consideration paid for the Circle acquisition in 2020 (in thousands):  

Fair value of assets acquired	$	14,966
Fair value of liabilities assumed		1,466
Total purchase price	$	13,500
Components of purchase price:
Cash	$	13,500
Total purchase price	$	13,500

Summary of Allocation of Purchase Price

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

Assets:
Inventory, net	$	14
Intangible assets		10,483
Goodwill		4,469
Total assets	$	14,966
Liabilities:
Deferred revenue	$	1,290
Amounts due to seller		176
Total liabilities	$	1,466
Total purchase price	$	13,500