| Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed |
The following table summarizes the provisional fair values of the assets acquired and liabilities assumed. Provisional fair value measurements were made for assets acquired and liabilities assumed. Adjustments to those measurements may be made in subsequent periods, up to one year from the date of acquisition, as the Company continues to evaluate the information necessary to complete the analysis.
| | | | | | | | | | Allocation of Purchase Price | | Amount | | Cash and cash equivalents | | $ | 1,116 | | | Accounts receivable | | 69 | | | Inventories | | 1,069 | | | Prepaid expenses and other current assets | | 280 | | | Fixed assets | | 4,479 | | | Finance lease right of use assets | | 2,294 | | | Trade names | | 600 | | | Technology | | 7,000 | | | Customer relationships | | 1,800 | | | Other assets | | 302 | | | Total identifiable assets acquired | | 19,009 | | | | | | Accounts payable and accrued expenses | | $ | (585) | | | Contract liabilities | | (524) | | | Finance lease liability, current | | (822) | | | Financing lease liability, less current portion | | (1,348) | | | Deferred income tax liability | | (84) | | | Total liabilities assumed | | (3,363) | | | Net identifiable assets acquired | | 15,646 | | | Goodwill | | 56,094 | | | Fair value of net assets acquired | | $ | 71,740 | |
The following table summarizes the provisional fair values of the assets acquired and liabilities assumed. Provisional fair value measurements were made for assets acquired and liabilities assumed. Adjustments to those measurements may be made in subsequent periods, up to one year from the date of acquisition, as the Company continues to evaluate the information necessary to complete the analysis. | | | | | | | | | | Allocation of Purchase Price | | Amount | | Cash and cash equivalents | | $ | 439 | | | Accounts receivable | | 699 | | | Inventories | | 148 | | | Prepaid expenses and other assets | | 965 | | | Fixed assets | | 5,476 | | | Right of use assets | | 140 | | | Trade name | | 1,100 | | | Technology | | 9,500 | | | Backlog | | 900 | | | Customer relationships | | 6,800 | | | Total identifiable assets acquired | | $ | 26,167 | | | | | | Accounts payable and accrued expenses | | $ | (11,096) | | | | | | Contract liabilities | | (3,110) | | | Operating lease liability, current | | (106) | | | Operating lease liability, less current portion | | (34) | | | | | | | | | Deferred income tax liability | | (111) | | | Total liabilities assumed | | (14,457) | | | Net identifiable assets acquired | | 11,710 | | | Goodwill | | 63,148 | | | Fair value of net assets acquired | | $ | 74,858 | |
The following table summarizes the final fair values of the assets acquired and liabilities assumed. | | | | | | | | | | Allocation of Purchase Price | | Amount | | Cash and cash equivalents | | $ | 404 | | | Accounts receivable | | 833 | | | Prepaid expenses and other current assets | | 55 | | | Fixed assets | | 3,995 | | | Right of use assets | | 2,252 | | | Trade name | | 600 | | | Technology | | 12,300 | | | Customer relationships | | 11,300 | | | Deferred income tax asset | | 4,601 | | | Total identifiable assets acquired | | $ | 36,340 | | | | | | Accounts payable and accrued expenses | | $ | (7,208) | | | Notes payable - short term | | (1,500) | | | Contract liabilities | | (570) | | | Operating lease liability, current | | (830) | | | Operating lease liability, less current portion | | (1,415) | | | Notes payable - long term | | (2,232) | | | Other liabilities | | (7) | | | Total liabilities assumed | | (13,762) | | | Net identifiable assets acquired | | 22,578 | | | Goodwill | | 63,261 | | | Fair value of net assets acquired | | $ | 85,839 | |
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