Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures (Tables)

v3.22.1
Acquisitions and Divestitures (Tables)
3 Months Ended
Mar. 31, 2022
Disclosure of Acquisitions and Divestitures [Abstract]  
Schedule of Allocation Of The Consideration Paid For The Acquired Companies [Table Text Block]
The following table summarizes the allocation of the consideration transferred for the Acquired Companies, including the identified assets acquired and liabilities assumed as of the acquisition date. The purchase price allocation is preliminary and is subject to revision as additional information about the fair value of the assets acquired and liabilities assumed, including certain working capital and income taxes, become available.
 
 
 
 
 
 
Cash, (net of closing cash of $1,995) and working capital adjustments
   $ 45,078  
Fair value of KORE common stock issued to sellers (4,212,246 shares)
     23,295  
    
 
 
 
Total consideration
  
$
68,373
 
Assets acquired:
        
Accounts receivable
     3,303  
Inventories
     1,323  
Prepaid expenses and other receivables
     976  
Property and equipment
     201  
Intangible assets
     28,664  
    
 
 
 
Total Assets acquired
  
 
34,467
 
    
 
 
 
Liabilities assumed:
        
Deferred tax liabilities
     7,391  
Accounts payable and accrued liabilities
     3,562  
    
 
 
 
Liabilities assumed
  
 
10,953
 
    
 
 
 
Net identifiable assets acquired
  
 
23,514
 
    
 
 
 
Goodwill (excess of consideration transferred over net identifiable assets acquired)
  
$
44,859