Fathom Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Acquisition of Verus Title Inc. (Tables)

12 Months Ended

Dec. 31, 2020

The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows:


Consideration:
Cash Consideration	$	720,639
Stock Consideration		252,341
Fair Value of Total Consideration Transferred	$	972,980
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	$	88,228
Restricted cash		375,867
Due from Fathom Holdings Inc. on behalf of Seller		84,275
Accounts receivable		27,324
Prepaid and other current assets		14,068
Property & equipment		17,147
Trade names		166,000
Lease right of use assets		151,476
Other long term assets		4,900
Total identifiable assets acquired		929,285

Accounts payable and accrued liabilities		98,059
Escrow liabilities		324,967
Income tax payable		84,275
Notes payable		50,600
Lease liability		151,477
Deferred tax liabilities		45,985
Total liabilities assumed		755,363

Total identifiable net assets		173,922

Goodwill		799,058
Net assets acquired	$	972,980