Annual report pursuant to Section 13 and 15(d)

Locality Acquisition (Details Textual)

v3.19.3.a.u2
Locality Acquisition (Details Textual) - Locality [Member]
$ in Thousands
1 Months Ended
May 21, 2019
USD ($)
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 $39,501 calculated in accordance with the terms of the purchase agreement), and (ii) 14,445 shares of common stock of Inpixon.
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.
Purchase price working capital adjustment $ 86