Annual report pursuant to Section 13 and 15(d)

Jibestream Acquisition - Schedule of Business Acquisition (Details)

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Jibestream Acquisition - Schedule of Business Acquisition (Details) - Jibestream - Jibestream
Aug. 15, 2019
USD ($)
Preliminary Allocation  
Assets Acquired:  
Cash $ 5,000
Accounts receivable 309,000
Other current assets 138,000
Fixed assets 10,000
Other assets 430,000
Developed technology 3,193,000
Customer relationships 1,253,000
Non-compete agreements 420,000
Goodwill 2,407,000
Assets acquired, total 8,165,000
Liabilities Assumed:  
Accounts payable 51,000
Accrued liabilities 94,000
Deferred revenue 1,156,000
Other liabilities 513,000
Deferred tax liability 1,289,000
Liabilities assumed, total 3,103,000
Total Purchase Price 5,062,000
Tax Provision Measurement Period Adjustments  
Assets Acquired:  
Cash 0
Accounts receivable 0
Other current assets 0
Fixed assets 0
Other assets 0
Developed technology 0
Customer relationships 0
Non-compete agreements 0
Goodwill (919,000)
Assets acquired, total (919,000)
Liabilities Assumed:  
Accounts payable 0
Accrued liabilities 0
Deferred revenue 0
Other liabilities 0
Deferred tax liability (919,000)
Liabilities assumed, total (919,000)
Total Purchase Price 0
Adjusted Allocation  
Assets Acquired:  
Cash 5,000
Accounts receivable 309,000
Other current assets 138,000
Fixed assets 10,000
Other assets 430,000
Developed technology 3,193,000
Customer relationships 1,253,000
Non-compete agreements 420,000
Goodwill 1,488,000
Assets acquired, total 7,246,000
Liabilities Assumed:  
Accounts payable 51,000
Accrued liabilities 94,000
Deferred revenue 1,156,000
Other liabilities 513,000
Deferred tax liability 370,000
Liabilities assumed, total 2,184,000
Total Purchase Price $ 5,062,000