Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2019
Schedule of Business Acquisition, Pro Forma Information

    Year Ended  
    December 31,  
    2019     2018  
    ($ in thousands except per share amounts)  
Total revenue   $ 66,480     $ 81,876  
Net loss   $ (2,372 )   $ (12,387 )
Net loss attributable to common shareholders   $ (8,758 )   $ (17,211 )
Net loss per common share   $ (0.72 )   $ (1.47 )

2019 Acquisition [Member]  
Schedule of Assets Acquired and Liabilities Assumed

The purchase price allocation for ETM was performed by the Company and is summarized as follows:

 

Customer relationships   $ 856,000  
Accounts receivable     547,377  
Contract asset     139,169  
Operating lease right-of-use assets     1,224,480  
Property and equipment     91,277  
Goodwill     39,901  
Operating lease liabilities     (1,224,480 )
Accrued expenses     (73,724 )
Total   $ 1,600,000  

2018 Acquisition [Member]  
Schedule of Assets Acquired and Liabilities Assumed

The Company engaged a third party valuation specialist to assist the Company in valuing the assets and assumed liabilities acquired from Orion. The following table summarizes the purchase price allocation.

 

Customer relationships   $ 6,250,000  
Accounts receivable     5,654,919  
Contract asset     861,341  
Inventory     307,278  
Property and equipment     319,352  
Goodwill     329,852  
Accounts payable     (677,872 )
Accrued expenses     (444,870 )
Total   $ 12,600,000