Locality Acquisition (Details Textual) $ in Thousands |
1 Months Ended |
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May 21, 2019
USD ($)
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| Locality Acquisition (Textual) | |
| Total purchase price | $ 1,928 |
| Value of the stock issued upon closing | 514 |
| Cash paid to seller at closing of acquisition | 204 |
| Cash paid in installments | $ 1,210 |
| Description of Locality purchase | (i) USD $1,500,000 (the “Aggregate Cash Consideration”) plus or minus the amount by which the estimated working capital is more or less than the working capital target (as defined in the purchase agreement), and (ii) 650,000 shares of common stock of Inpixon. |
| Cash consideration, description | (i) the initial installment representing $250,000 minus or plus the estimated working capital adjustment was paid on the closing date; (ii) three additional installments each equal to $250,000, will be paid every six months following the closing date; and (iii) one final installment representing $500,000 will be paid on the second anniversary of the closing date, in each case minus the cash fees payable to the advisor in connection with the acquisition. |
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- Definition Cash paid to seller at closing of acquisition. No definition available.
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- Definition Description of Locality purchase No definition available.
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- References No definition available.
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- Definition For contingent consideration arrangements recognized in connection with a business combination, this element represents a description of such arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of stock issued pursuant to acquisitions during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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