Note 5 - Acquisitions (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Notes Tables |
|
| Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] |
|
Equity Consideration at closing – shares of common stock
|
|
$ |
12,067,571 |
|
|
Super League closing stock price per share on the Mobcrush Closing Date
|
|
$ |
4.96 |
|
|
Fair value of common stock issued
|
|
$ |
59,855,000 |
|
|
Cash consideration at closing
|
|
|
|
|
|
$ |
3,000,000 |
|
|
Equity consideration at closing – shares of common stock
|
|
|
1,031,928 |
|
|
|
|
|
|
Super League closing stock price per share on the Super Biz Closing Date
|
|
$ |
2.91 |
|
|
|
|
|
|
Fair value of equity consideration issued at closing
|
|
$ |
3,000,000 |
|
|
|
3,000,000 |
|
|
Fair value of total consideration issued at closing
|
|
|
|
|
|
$ |
6,000,000 |
|
|
| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
| |
|
Amount
|
|
|
Assets Acquired and Liabilities Assumed:
|
|
|
|
|
|
Cash
|
|
$ |
586,000 |
|
|
Accounts receivable
|
|
|
1,266,000 |
|
|
Prepaids
|
|
|
141,000 |
|
|
Property and equipment
|
|
|
13,000 |
|
|
Identifiable intangible assets
|
|
|
19,500,000 |
|
|
Accounts payable and accrued expense
|
|
|
(2,017,000 |
)
|
|
Deferred revenue
|
|
|
(130,000 |
)
|
|
Net deferred income tax liability
|
|
|
(3,073,000 |
)
|
|
Identifiable net assets acquired
|
|
|
16,286,000 |
|
|
Goodwill
|
|
|
43,569,000 |
|
|
Total purchase price
|
|
$ |
59,855,000 |
|
| |
|
Amount
|
|
|
Assets Acquired and Liabilities Assumed:
|
|
|
|
|
|
Accounts receivable
|
|
$ |
124,000 |
|
|
Identifiable intangible assets
|
|
|
1,747,000 |
|
|
Identifiable net assets acquired
|
|
|
1,871,000 |
|
|
Goodwill
|
|
|
4,129,000 |
|
|
Total purchase price
|
|
$ |
6,000,000 |
|
|
| Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
| |
|
Estimated Useful Life (in years)
|
|
|
Amount
|
|
|
Preferred partner relationship
|
|
|
7 |
|
|
|
10,700,000 |
|
|
Developed technology
|
|
|
5 |
|
|
|
3,900,000 |
|
|
Influencers/content creators
|
|
|
5 |
|
|
|
2,000,000 |
|
|
Advertiser and agency relationships
|
|
|
5 |
|
|
|
1,900,000 |
|
|
Trademarks (see Note 4)
|
|
|
7 |
|
|
|
500,000 |
|
|
Customer relationships
|
|
|
5 |
|
|
|
500,000 |
|
|
Total intangible assets acquired
|
|
|
|
|
|
$ |
19,500,000 |
|
| |
|
Estimated Useful Life (in years)
|
|
|
Amount
|
|
|
Developed technology
|
|
|
7 |
|
|
$ |
912,000 |
|
|
Developer relationships
|
|
|
3 |
|
|
|
559,000 |
|
|
Customer relationships
|
|
|
3 |
|
|
|
276,000 |
|
|
Total intangible assets acquired
|
|
|
|
|
|
$ |
1,747,000 |
|
|
| Business Acquisition, Estimate Deferred Tax Liabilities [Table Text Block] |
| |
|
Book Basis
|
|
|
Tax Basis
|
|
|
Difference
|
|
|
Intangible assets acquired
|
|
$ |
19,500,000 |
|
|
$ |
2,635,000 |
|
|
$ |
(16,865,000 |
)
|
|
Tangible assets acquired
|
|
|
13,000 |
|
|
|
|
|
|
|
(13,000 |
)
|
|
Estimated net operating loss carryforwards – Mobcrush
|
|
|
- |
|
|
|
5,895,000 |
|
|
|
5,895,000 |
|
|
Net deferred tax liability – pretax
|
|
|
|
|
|
|
|
|
|
|
(10,983,000 |
)
|
|
Estimated tax rate
|
|
|
|
|
|
|
|
|
|
|
27.98 |
%
|
|
Estimated net deferred tax liability
|
|
|
|
|
|
|
|
|
|
$ |
(3,073,000 |
)
|
| |
|
Book Basis
|
|
|
Tax Basis
|
|
|
Difference
|
|
|
Intangible assets acquired
|
|
$ |
2,512,000 |
|
|
$ |
- |
|
|
$ |
(2,512,000 |
)
|
|
Estimated net operating loss carryforwards – Bannerfy
|
|
|
|
|
|
|
144,000 |
|
|
|
144,000 |
|
|
Net deferred tax liability – pretax
|
|
|
|
|
|
|
|
|
|
|
(2,368,000 |
)
|
|
Estimated tax rate
|
|
|
|
|
|
|
|
|
|
|
23.48 |
%
|
|
Estimated net deferred tax liability – Pursuant to ASC 740(1)
|
|
|
|
|
|
|
|
|
|
$ |
(556,000 |
)
|
|
| Business Acquisition, Pro Forma Information [Table Text Block] |
| |
|
2021
|
|
| |
|
|
|
|
|
Revenue
|
|
$ |
14,976 ,000 |
|
|
Net Loss
|
|
|
(26,363,000 |
)
|
|