Quarterly report pursuant to Section 13 or 15(d)

Mergers and Acquisitions (Tables)

v3.22.2
Mergers and Acquisitions (Tables)
6 Months Ended
Jun. 30, 2022
Mergers and Acquisitions (Details) [Line Items]  
Schedule of preliminary fair value of even financial's acquired assets and liabilities assumed

 

 

February 17,

 

 

 

2022

 

Assets

 

 

 

Cash and cash equivalents

 

$

4,501

 

Enterprise receivables

 

 

9,863

 

Property and equipment

 

 

441

 

Intangible assets

 

 

190,320

 

Goodwill

 

 

109,375

 

Other assets

 

 

3,354

 

Total assets

 

 

317,854

 

Liabilities and Equity

 

 

 

Liabilities:

 

 

 

Accounts payable and accrued liabilities

 

 

9,258

 

Other liabilities

 

 

37,566

 

Total liabilities

 

 

46,824

 

Net assets and liabilities acquired

 

$

271,030

 

 

 

November 15,

 

 

 

2021

 

Assets

 

 

 

Cash and cash equivalents

 

$

51

 

Property and equipment

 

 

1,281

 

Intangible assets

 

 

17,780

 

Goodwill

 

 

30,976

 

Other assets

 

 

4,858

 

Total assets

 

$

54,946

 

Liabilities and Equity

 

 

 

Liabilities:

 

 

 

Accounts payable and accrued liabilities

 

$

2,261

 

Total liabilities

 

 

2,261

 

Equity:

 

 

 

Additional paid-in capital

 

 

52,685

 

Total equity

 

 

52,685

 

Total liabilities and equity

 

$

54,946

 

 

Schedule of the company's pro forma revenue and net loss

The Company’s pro forma revenue and net loss for the three and six months ended June 30, 2022 and 2021 below have been prepared as if Even Financial had been purchased on January 1, 2021. The Company made certain pro forma adjustments related to amortization of intangible assets, intercompany activity and interest expense.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue

 

$

87,340

 

 

$

51,196

 

 

$

166,153

 

 

$

92,799

 

Net loss

 

$

(23,065

)

 

$

(47,243

)

 

$

(8,971

)

 

$

(129,600

)