v3.22.2.2
ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Changes in Fair Value of Assets Acquired and Liabilities Assumed as Part of Business Combination The impact of these adjustments are as follows (in thousands):
TraverseAcquisition Date Fair ValueFair Value Mark-to-Market changesRevised Acquisition Date Fair Value
Goodwill$444 $(162)$282 
Intangible Assets:
Technology$2,500 $(10)$2,490 
Customer relationships$50 $— $50 
Brand$59 $— $59 
Non-competition agreements$3 $(3)$— 
Contingent consideration liability$428 $10 $438 
Working capital accounts$(49)$333 $284 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The acquisition date fair value of assets acquired and liabilities assumed from the AAP, Crisp Results and Traverse acquisitions consist of the following (in thousands):
Expected Useful LifeAAPCrisp ResultsTraverse
202120212022
Cash$— $— $232 
Goodwill9,761 21,894 282 
Technology
4 to 5
3,900 — 2,490 
Customer relationships
4 to 6
7,690 19,600 50 
Accounts receivable, net3,100 2,610 276 
Brand
1 to 7
208 7,400 59 
Non-competitive agreements
1 to 3
83 — — 
Property and equipment
3 to 5
250 220 — 
Accounts payable(2,887)(1,593)(232)
Other assets acquired and liabilities assumed, net (1)
740 1 7 
   Net assets and liabilities acquired$22,845 $50,132 $3,164 

(1) Other assets acquired and liabilities assumed, net includes prepaids and other current assets, partially offset by other current liabilities (e.g., Travel and expense payables, payroll liabilities, tax liabilities, and transition services payable).
Schedule of Business Acquisitions, by Acquisition
The following schedule represents the amounts of net revenue and net loss from operations related to Traverse, AAP and Crisp Results acquisitions which have been included in the unaudited consolidated statements of operations for the periods indicated subsequent to the acquisition date in the period of acquisition (in thousands):

Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
TraverseTraverse
Net revenue$709 $1,069 
Net income from operations$229 $299 

Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
AAPCrisp ResultsAAPCrisp Results
Net revenue$5,976 $6,407 $16,051 $13,374 
Net income (loss) from operations$94 $734 $(526)$579 
Pro Forma Information The following unaudited pro forma financial information represents the consolidated financial information as if the acquisitions had been included in our consolidated results beginning on the first day of the fiscal year prior to their respective acquisition dates (in thousands):
Three Months Ended September 30, 2021
DMSAAPCrisp ResultsTraversePro Forma
Net revenue$107,399 $— $— $664 $108,063 
Net income from operations$3,129 $— $— $38 $3,167 

Nine Months Ended September 30, 2022
DMSTraversePro Forma
Net revenue$290,372 $999 $291,371 
Net loss from operations$(17,075)$(417)$(17,492)

Nine Months Ended September 30, 2021
DMSAAPCrisp ResultsTraversePro Forma
Net revenue$309,281 $2,465 $8,284 $1,917 $321,947 
Net income (loss) from operations$10,556 $457 $2,296 $(29)$13,280