Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.23.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following summarizes the purchase price allocation of Embee’s acquisition:
Consideration Fair Value
Total consideration $ 16,139 
Less: Cash acquired (53)
Less: Working capital adjustment during the measurement period (294)
Total consideration, net of cash acquired $ 15,792 
Identifiable assets and liabilities assumed
Accounts receivables $ 617 
Other current assets 89 
Deferred commissions 26 
Property and equipment 13 
Technology (1) 497 
User panel (2) 11,202 
Goodwill (3) 7,721 
Trade payables (323)
Deferred tax liabilities, net (2,015)
Deferred revenue (307)
Other liabilities assumed (1,728)
Total identifiable assets acquired, net of liabilities assumed $ 15,792 
(1) In assessing the value of the technology, the Company used an income approach. The technology’s economic useful life was estimated at approximately 2 years and is amortized using the straight-line method.
(2) In assessing the value of the user panel, the Company used a cost approach. The user panel’s economic useful life was estimated at approximately 3 years and is amortized using the straight-line method.
(3) The goodwill is primarily attributable to expected synergies and knowledge base resulting from the     acquisition. The Company estimates that the goodwill is non-deductible for tax purposes.
The following summarizes the purchase price allocation of IMC’s acquisition:
Consideration Fair Value
Total consideration paid $ 3,963 
Less: Cash acquired (176)
Less: Working capital adjustment during the measurement period (193)
Total consideration, net of cash acquired $ 3,594 
Identifiable assets acquired, net of liabilities
Accounts receivable $ 231 
Other current assets 104 
Property and equipment 43 
Technology (1) 2,035 
Customer relationships (2) 424 
Brand name (3) 59 
Goodwill (4) 1,843 
Trade and other payables (615)
Long term employee benefits (181)
Deferred tax liabilities (153)
Other liabilities assumed (196)
Total identifiable assets acquired, net of liabilities $ 3,594 

(1) In assessing the value of the technology, the Company used an income approach. The technology’s economic useful life is estimated at approximately 4 years and will be amortized using the straight-line method.

(2) In assessing the value of the customer relationships, the Company used a cost approach. The economic useful life of the customer relationships is estimated at approximately 4 years and will be amortized using the straight-line method.
(3) In assessing the value of the brand name, the Company used an income approach method. The brand name’s economic useful life is estimated at approximately 2 years and will be amortized using the straight-line method.
(4) The goodwill is primarily attributable to expected synergies and knowledge base resulting from the     acquisition. The Company estimates that the goodwill is not deductible for tax purposes.