Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)
9 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Asset Acquisition The following tables present the total cost of the asset acquisition and the allocation to the assets acquired and liabilities assumed based upon their relative fair value at the Asset Acquisition Date (dollars in thousands):
Cost of the asset acquisition
Base purchase price $ 750 
Contingent consideration 5,969 
Direct transaction costs 284 
Total cost of the asset acquisition $ 7,003 
Assets acquired
Cash and cash equivalents $ 784 
Restricted cash 826 
Accounts receivable, net 696 
Deposits and other 78 
Property and equipment, net 76 
Intangible assets, net:
Customer relationship 5,600 
Acquired workforce 380 
Total assets acquired 8,440 
Liabilities assumed
Accounts payable 439 
Accrued expenses and other 182 
Short-term debt 816 
Total liabilities assumed 1,437 
Net identifiable assets acquired $ 7,003