v3.19.1
BUSINESS COMBINATION (Tables)
3 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Schedule of Preliminary Estimated Components and Allocations of Combined Purchase Prices
The following table summarizes the preliminary estimated purchase price allocation of the business combination completed during the three months ended March 31, 2019:

Components of Purchase Price:
     
       
Cash
 
$
42,240
 
Less cash acquired
   
(2,925
)
Common stock
   
34,601
 
Total purchase price
 
$
73,916
 
         
Allocation of Purchase Price:
       
         
Total net identifiable assets
 
$
9,916
 
Total identifiable intangible assets, net and Goodwill (1)
   
131,734
 
         
Noncontrolling interest
   
(67,734
)
         
Total purchase price allocation (2)
 
$
73,916
 

(1)
The intangible assets comprised primarily of technology, in process research and development and customer relationships.

(2)
The Company is expecting to complete the preliminary estimated purchase price allocation during the measurement period of one year from January 24, 2019. Fair values that are still under review include among others, values assigned to identifiable intangible assets, goodwill, deferred income taxes and contingent liabilities.
Schedule of Pro-forma Condensed Consolidated Statements of Operations
The following table represents the pro-forma (unaudited) condensed consolidated statements of operations as if all acquisitions completed during the year ended December 31, 2018 and the three months ended March 31, 2019, had been included in the condensed consolidated statements of operations of the Company for the three months ended March 31, 2019 (unaudited) and 2018 (unaudited):
 
   
Three months ended March 31,
 
   
2019
   
2018
 
   
Unaudited
 
             
Revenue
 
$
272,943
   
$
231,784
 
Net income
 
$
16,610
   
$
28,654