The fair value of purchase consideration was as follows: | | | | | | | Cash and debt paid on closing | $ | 7,477 | | | Deferred share consideration | 4,851 | | | Contingent cash consideration | 26,258 | | | Working capital adjustment | 611 | | | Total Fair Value of Purchase Consideration | $ | 39,197 | |
The fair values of assets acquired and liabilities assumed are as follows: | | | | | | | Cash and cash equivalents | $ | 320 | | | Trade and other receivables | 3,112 | | | Property, plant & equipment | 190 | | | Intangible assets | 17,279 | | | Goodwill | 23,991 | | | Accounts payable and accrued liabilities | (1,817) | | | Deferred income tax liability | (3,878) | | | Fair Value of Assets Acquired and Liabilities Assumed | $ | 39,197 | |
Identified intangible assets of $17,279,000 consisted of the following and are being amortized based on the following useful lives: | | | | | | | | | | | Useful life in yrs | | Technology (patents, know-how and in-process research & development) | $ | 15,976 | | 12 | | Customer contracts and relationships | 1,048 | | 7 | | Non-compete arrangement | 255 | | 3 | | Fair Value of Identified Intangible Assets | $ | 17,279 | | |
| | | | | | | Proforma Information | December 31, 2021 | | Revenue | 4,243 | | | Loss from operations | (7,336) | | | Net loss | (5,966) | |
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