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

Business Combinations (Tables)

v3.22.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The preliminary fair value of the assets acquired and liabilities assumed for Embee’s acquisition were based on preliminary calculations and valuations, and the estimates and assumptions for this acquisition is subject to change
as the Company obtains additional information during the respective measurement period up to one year from the acquisition date. The following summarizes the purchase price allocation of Embee’s acquisition:
Consideration Fair Value
Total Consideration $ 16,139 
Less: Cash acquired (53)
Total consideration, net of cash acquired $ 16,086 
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) 8,015 
Trade payables (323)
Deferred tax liabilities, net (2,015)
Deferred revenues (307)
Other liabilities assumed (1,728)
Total identifiable assets acquired, net of liabilities assumed $ 16,086 
(1) In assessing the value of the technology, the Company used an income approach method. The technology’s economic useful life is estimated at approximately 2 years and will be 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 is estimated at approximately 3 years and will be 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 in the United States.