Annual report pursuant to Section 13 and 15(d)

Business Combination (Tables)

v3.22.1
Business Combination (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Summary of purchase price allocation including the consideration paid for lntegron LLC, the recognized amounts of assets acquired, and liabilities assumed as follows
The following table summarizes the purchase price allocation including the consideration paid for lntegron LLC, the recognized amounts of assets acquired, and liabilities assumed on November 22, 2019:
 
(in ‘000)
  
Amount
 
Cash paid to sellers
  
$
 37,500
 
Common stock issued to sellers
  
 
 7,000
 
 
  
 
 
 
Total consideration
  
$
44,500
 
Cash
  
 
 12
 
Accounts receivable
  
 
 7,776
 
Inventories
  
 
 489
 
Prepaid expenses and other receivables
  
 
 341
 
Property and equipment
  
 
 458
 
Identifiable intangible assets
  
 
 32,000
 
Deferred tax liabilities
  
 
 (1,285
) 
Accounts payable and accrued liabilities
  
 
 (1,818
) 
 
  
 
 
 
Net identifiable assets acquired
  
 
37,973
 
 
  
 
 
 
Goodwill (excess of consideration transferred over net identifiable assets acquired)
  
$
6,527