Quarterly report pursuant to Section 13 or 15(d)

CXApp Acquisition - Assets Acquired and Liabilities Assumed (Details)

v3.21.2
CXApp Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($)
Jun. 30, 2021
Apr. 30, 2021
Dec. 31, 2020
Assets Acquired:      
Goodwill $ 23,890,000   $ 6,588,000
CXApp      
Assets Acquired:      
Cash and cash equivalents   $ 1,312,000  
Trade and other receivables   1,626,000  
Prepaid expenses and other current assets   68,000  
Property and equipment   6,000  
Goodwill $ 17,166,000 17,165,938 $ 0
Assets acquired, total   38,458,000  
Liabilities Assumed:      
Accounts payable   203,000  
Deferred Revenue   1,106,000  
Accrued expenses and other liabilities   116,000  
Deferred tax liability   4,505,000  
Other tax liability, noncurrent   28,000  
Liabilities assumed, total   5,958,000  
Total net assets acquired   32,500,000  
CXApp | Tradename      
Assets Acquired:      
Intangible assets   2,170,000  
CXApp | Proprietary Technology      
Assets Acquired:      
Intangible assets   8,740,000  
CXApp | Customer Relationships      
Assets Acquired:      
Intangible assets   4,680,000  
CXApp | Non-compete agreements      
Assets Acquired:      
Intangible assets   $ 2,690,000