Annual report [Section 13 and 15(d), not S-K Item 405]

Note 5 - Acquisitions (Tables)

v3.25.1
Note 5 - Acquisitions (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [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]
   

2024

   

2023

 

Beginning balance

 

$

538,000     $ -  

Contingent Consideration – Initial accrual – May 2023

    -       1,350,000  

Change in fair value(4)

    (148,000

)

    (682,000 )

Current period accrued contingent consideration

    (130,000 )     61,000  

Post closing adjustments(2)

    -       (191,000 )

Contingent consideration payments (3)

    (122,000 )     -  

Accrued contingent consideration(1)

  $ 138,000     $ 538,000  
   

2024

   

2023

 

Beginning balance

 

$

1,670,000    

$

3,206,000  

Change in fair value(3)

    (9,000 )     137,000  

Current period accrued contingent consideration

    142,000       1,750,000  

Contingent consideration payments(2)

    (38,000 )     (3,423,000 )

Issuance of Super Biz Note (as described below)(1)

    (1,765,000 )     -  

Accrued contingent consideration(1)

 

$

-    

$

1,670,000  
Business Acquisition, Pro Forma Information [Table Text Block]
   

2023

   

2022

 
                 

Revenue

 

$

25,794,000    

$

22,451,000  

Net Loss

    (31,178,000

)

    (88,463,000

)