| Schedule of business acquisitions by acquisition |
The total consideration transferred in the acquisition was $258.0 million, consisting of the following (in thousands): | | | | | | | Cash | $ | 151,424 | | | Cash payable | 126 | | | Class A common stock of the Company | 103,977 | | | RSUs for shares of the Company’s Class A common stock | 2,457 | | | Total purchase consideration | $ | 257,984 | |
The total consideration transferred in the acquisition was $275.1 million, consisting of the following (in thousands): | | | | | | | Cash | $ | 56,726 | | | Cash payable | 10,442 | | | Class A common stock of the Company - issued | 174,229 | | | Class A common stock of the Company - to be issued | 33,693 | | | Total purchase consideration | $ | 275,090 | |
The total consideration transferred in the acquisition was $457.3 million, consisting of the following (in thousands): | | | | | | | Class A common stock of the Company | $ | 389,314 | | | Previously held interest on acquisition date | 10,863 | | | Cash | 28,726 | | | Replacement of Bison Trails options | 28,365 | | | Total purchase consideration | $ | 457,268 | |
The aggregate total consideration transferred in these acquisitions was $211.0 million, consisting of the following (in thousands): | | | | | | | Common stock of the Company - issued | $ | 65,717 | | | Common stock of the Company - to be issued | 58,173 | | | RSUs | 3,019 | | | Cash | 62,425 | | | Cash payable | 5,918 | | | Contingent consideration arrangement | 15,752 | | | Aggregate total purchase consideration | $ | 211,004 | |
The total consideration transferred in the acquisition was $41.8 million, consisting of the following (in thousands): | | | | | | | Common stock of the Company | $ | 30,589 | | | Replacement of Tagomi options and warrants | 760 | | | Cash | 1,906 | | | Settlement of pre-existing receivable | 8,537 | | | | | Total purchase consideration | $ | 41,792 | |
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| Schedule of recognized identified assets acquired and liabilities assumed |
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | | | | | | | Cash and cash equivalents | $ | 10,560 | | | Restricted cash | 573 | | | Accounts and loans receivable, net of allowance | 4,981 | | | Prepaid expenses and other current assets | 4,182 | | | Lease right-of-use assets | 1,059 | | | Property and equipment, net | 1,248 | | | Goodwill | 222,732 | | | Intangible assets, net | 28,500 | | | Other non-current assets | 3,476 | | | Total assets | 277,311 | | | | | Accounts payable | 719 | | | Accrued expenses and other current liabilities | 11,325 | | | Lease liabilities | 1,059 | | | Other non-current liabilities | 6,224 | | | Total liabilities | 19,327 | | | Net assets acquired | $ | 257,984 | |
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | | | | | | | Cash and cash equivalents | $ | 10,867 | | | Accounts and loans receivable, net of allowance | 411 | | | Prepaid expenses and other current assets | 20 | | | Intangible assets, net | 41,000 | | | Goodwill | 231,685 | | | Other non-current assets | 8,295 | | | Total assets | 292,278 | | | | | Accounts payable | 472 | | | Accrued expenses and other current liabilities | 5,796 | | | Other non-current liabilities | 10,920 | | | Total liabilities | 17,188 | | | Net assets acquired | $ | 275,090 | |
The following table summarizes the estimated fair values of assets acquired and liabilities assumed using a cost-based approach (in thousands): | | | | | | | Cash and cash equivalents | $ | 12,201 | | | Crypto assets held | 5,177 | | | Accounts and loans receivable, net of allowance | 2,323 | | | Prepaid expenses and other current assets | 122 | | | | | Intangible assets, net | 39,100 | | | Goodwill | 404,167 | | | Other non-current assets | 1,221 | | | Lease right-of-use assets | 808 | | | Total assets | 465,119 | | | | | Accounts payable | 526 | | | Accrued expenses and other current liabilities | 1,920 | | | Lease liabilities | 808 | | | Other non-current liabilities | 4,597 | | | Total liabilities | 7,851 | | | Net assets acquired | $ | 457,268 | |
The following table summarizes the aggregate estimated fair values of assets acquired and liabilities assumed using a cost-based approach (in thousands): | | | | | | | Cash and cash equivalents | $ | 8,039 | | | Accounts and loans receivable, net of allowance | 57 | | | Prepaid expenses and other current assets | 276 | | | Intangible assets, net | 62,100 | | | Goodwill | 144,379 | | | Total assets | 214,851 | | | | | Accounts payable | 359 | | | Accrued expenses and other current liabilities | 983 | | | Other non-current liabilities | 2,505 | | | Total liabilities | 3,847 | | | Net assets acquired | $ | 211,004 | |
The following table summarizes the estimated fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands): | | | | | | | Cash and cash equivalents | $ | 13,777 | | | Customer custodial funds | 19,837 | | | Crypto assets held | 5,687 | | | Accounts and loans receivable, net of allowance | 5,795 | | | Prepaid expenses and other current assets | 633 | | | Intangible assets, net | 7,350 | | | Goodwill | 22,516 | | | Other non-current assets | 1,611 | | | | | Total assets | 77,206 | | | | | Customer custodial cash liabilities | 20,787 | | | Accounts payable | 5,887 | | | Accrued expenses and other current liabilities | 66 | | | Crypto asset borrowings | 8,674 | | | | | Total liabilities | 35,414 | | | Net assets acquired | $ | 41,792 | |
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| Schedule of components of finite lived and indefinite lived identifiable intangible assets acquired |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data): | | | | | | | | | | | | | Fair Value | | Useful Life at Acquisition (in Years) | | Developed technology | $ | 15,700 | | | 1 - 5 | | In-process research and development ("IPR&D") | 2,500 | | | N/A | | Customer relationships | 10,300 | | | 2 |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data): | | | | | | | | | | | | | Fair Value | | Useful Life at Acquisition (in Years) | | DCM License | $ | 26,900 | | | Indefinite | | Developed technology | 10,700 | | | 5 | | Trading relationships | 3,400 | | | 3 |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data): | | | | | | | | | | | | | Fair Value | | Useful Life at Acquisition (in Years) | | Developed technology | $ | 36,000 | | | 3 | | IPR&D | 1,200 | | | N/A | | User base | 1,900 | | | 3 |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the dates of acquisition (in thousands, except for years data): | | | | | | | | | | | | | Fair Value | | Useful Life at Acquisition (in Years) | | Developed technology | $ | 45,900 | | | 2.5 | | User base | 1,000 | | | 2.5 | | IPR&D | 2,300 | | | N/A | | Customer relationships | 12,900 | | | 4.3 |
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data): | | | | | | | | | | | | | Fair Value | | Useful Life at Acquisition (in Years) | | Developed technology | $ | 6,600 | | | 3 | | Customer relationships | 400 | | | 5 | | Licenses | 350 | | | Indefinite |
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