Locality Acquisition (Details Textual) - Locality [Member] $ in Thousands |
1 Months Ended |
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May 21, 2019
USD ($)
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Locality Acquisition (Textual) | |
Cash paid to seller at closing of acquisition | $ 204 |
Cash paid in installments | 1,210 |
Value of the stock issued upon closing | $ 514 |
Description of Locality purchase | (i) $1,500,000 (the "Aggregate Cash Consideration") minus a working capital adjustment equal to $85,923, and (ii) 14,445 shares of the Company's common stock with a fair market value of $514,000. |
Cash consideration, description | (i) the initial installment representing $250,000 minus $46,422 of the working capital adjustment was paid on the closing date; (ii) $210,499 was paid on November 21, 2019, which was comprised of a $250,000 installment less $39,501 of the working capital adjustment; (iii) two additional installments, each equal to $250,000, will be paid twelve months and eighteen months after the closing date; and (iv) 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. |
Adjusted Allocation [Member] | |
Locality Acquisition (Textual) | |
Total purchase price | $ 1,928 |
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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 Value of stock issued pursuant to acquisitions during the period. 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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