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

Acquisition of Verus Title Inc (Tables)

12 Months Ended

Dec. 31, 2021

The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows (amount in thousands):


Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	$	2,843
Accounts receivable		958
Mortgage loans held for sale		8,147
Derivative assets		90
Prepaid and other current assets		122
Property & equipment		356
Intangible assets		11,780
Lease right of use assets		1,498
Other long-term assets		8
Total identifiable assets acquired		25,802

Accounts payable and accrued liabilities		938
Escrow liabilities		75
Derivative liabilities		120
Warehouse lines of credit		7,958
Notes payable		486
Lease liability, current portion		337
Lease liability, net of current portion		1,161
Deferred tax liabilities		2,743
Total liabilities assumed		13,818
Total identifiable net assets		11,984
Goodwill		14,474
Net assets acquired	$	26,458

The total purchase consideration and the fair values of the assets and liabilities at the acquisition date were as follows (amount in thousands):


Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	$	516
Accounts receivable		139
Intangible assets		4,920
Prepaid and other current assets		2
Total identifiable assets acquired		5,577

Deferred tax liabilities		597
Accounts payable and accrued liabilities		167
Total liabilities assumed		764
Total identifiable net assets		4,812
Goodwill		4,168
Net assets acquired	$	8,981