Note 4 - Acquisitions (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Notes Tables |
|
| Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
|
Cash consideration
|
|
|
|
|
|
$
|
150,000 |
|
|
Equity consideration– shares of common stock
|
|
|
77,833 |
|
|
|
|
|
|
Super League closing stock price per share on the Melon Closing Date
|
|
$ |
9.28 |
|
|
|
|
|
|
Fair value of equity consideration issued
|
|
$ |
722,000 |
|
|
|
722,000 |
|
|
Fair value of contingent consideration
|
|
|
|
|
|
|
1,350,000 |
|
|
Fair value of total consideration paid
|
|
|
|
|
|
$ |
2,222,000 |
|
|
| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
| |
|
Amount
|
|
|
Assets Acquired and Liabilities Assumed:
|
|
|
|
|
|
Accounts receivable and other assets
|
|
$ |
36,000 |
|
|
Liabilities assumed
|
|
|
(188,000 |
)
|
|
Identifiable intangible assets
|
|
|
510,000 |
|
|
Identifiable net assets acquired
|
|
|
358,000 |
|
|
Goodwill
|
|
|
1,864,000 |
|
|
Total purchase price
|
|
$ |
2,222,000 |
|
|
| Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
| |
|
Estimated
Useful Life (in
years)
|
|
|
Amount
|
|
|
Developed technology
|
|
|
5 |
|
|
$ |
250,000 |
|
|
Developer relationships
|
|
|
2 |
|
|
|
50,000 |
|
|
Customer relationships
|
|
|
6 |
|
|
|
190,000 |
|
|
Trade names / trademarks
|
|
|
0.5 |
|
|
|
20,000 |
|
|
Total intangible assets acquired
|
|
|
|
|
|
$ |
510,000 |
|
|
| Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block] |
| |
|
Three Months
|
|
|
Nine Months
|
|
| |
|
Ended September 30,
|
|
|
Ended September 30,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Beginning balance
|
|
$
|
336,000 |
|
|
$
|
1,432,000 |
|
|
$ |
538,000 |
|
|
$ |
- |
|
|
Contingent Consideration – Initial accrual – May 2023
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,350,000 |
|
|
Change in fair value(3)
|
|
|
(68,000 |
) |
|
|
(750,000 |
) |
|
|
(148,000 |
) |
|
|
(668,000 |
) |
|
Contingent consideration payments (2)
|
|
|
- |
|
|
|
- |
|
|
|
(122,000 |
) |
|
|
- |
|
|
Accrued contingent consideration(1)
|
|
$ |
268,000 |
|
|
$ |
682,000 |
|
|
$ |
268,000 |
|
|
$ |
682,000 |
|
| |
|
Three Months
|
|
|
Nine Months
|
|
| |
|
Ended September 30,
|
|
|
Ended September 30,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
Beginning balance
|
|
$
|
1,765,000 |
|
|
$
|
709,000 |
|
|
$ |
1,670,000 |
|
|
$ |
3,206,000 |
|
|
Accrued contingent consideration(3)
|
|
|
- |
|
|
|
351,000 |
|
|
|
142,000 |
|
|
|
1,073,000 |
|
|
Change in fair value(3)
|
|
|
- |
|
|
|
(63,000 |
) |
|
|
(9,000 |
) |
|
|
141,000 |
|
|
Contingent consideration Payments(2)
|
|
|
- |
|
|
|
- |
|
|
|
(38,000 |
) |
|
|
(3,423,000 |
) |
| Issuance of Super Biz Note (as described below) |
|
|
(1,765,000 |
) |
|
|
- |
|
|
|
(1,765,000 |
) |
|
|
- |
|
|
Accrued contingent consideration(1)
|
|
$
|
- |
|
|
$
|
997,000 |
|
|
$ |
- |
|
|
$ |
997,000 |
|
|
| Business Acquisition, Pro Forma Information [Table Text Block] |
| |
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
| |
|
September 30,
|
|
|
September 30,
|
|
| |
|
2023
|
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
$ |
7,195,000 |
|
|
$ |
5,234,000 |
|
|
$ |
16,284,000 |
|
|
$ |
14,592,000 |
|
|
Net Loss
|
|
|
(3,011,000 |
) |
|
|
(53,591,000 |
) |
|
|
(17,877,000 |
) |
|
|
(71,516,000 |
) |
|