Digital Turbine, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Disposals (Tables)

Acquisitions and Disposals (Tables) (Mirror Image International Holdings Pvt Ltd)

3 Months Ended

Jun. 30, 2014

Mirror Image International Holdings Pvt Ltd

The pro forma financial information of the Company’s consolidated operations if the acquisition of DT APAC had occurred as of April 1, 2012 is presented below.


	Unaudited
	Three Months Ended June 30,
	2013
Revenues	$	5,617
Cost of goods sold		3,640
Gross profit		1,977
Operating expenses		6,215
Loss from operations		(4,238	)
Non-operating expense		1,600
Loss before provision for income taxes		(5,838	)
Provision for income taxes		(135	)
Net loss	$	(5,703	)
Basic and diluted loss per share	$	(0.30	)

Summary of Final Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of acquisition.


	Unaudited
Cash	$	513
Accounts receivable		2,809
Prepaid expenses and other assets		896
Property, plant and equipment		300
Customer relationships		1,600
Developed technology		3,400
Trade names / trademarks		54
Library		300
Goodwill		2,654
Accounts payable		(1,151	)
Accrued liabilities		(2,890	)
Accrued compensation		(345	)

Purchase price	$	8,140

Amortization Period for Intangible Assets Acquired

The amortization period for the intangible assets acquired in the MIA transaction is as follows:


	Remaining Useful Life
Customer relationships		14 years
Developed technology		5 years
Trade names / Trademarks		5 years
Library		5 years
Goodwill		Indefinite