ACQUISITION (Tables)

12 Months Ended

Sep. 30, 2018

Estimated Fair Value of Net Assets Acquired and Net Liabilities Acquired

The table below summarizes the estimated fair value of net assets acquired and net liabilities assumed in the Angoss Acquisition as of January 30, 2018 (in thousands).



	Amount

Accounts receivable	$ 1,933
Unbilled accounts receivable	6,882
Prepaid expenses and other current assets	370
Property and equipment	250
Customer relationships	4,500
Developed technology	3,400
Trade names	3,200
Goodwill	11,633
Accounts payable	(186)
Accrued expenses	(932)
Deferred revenue	(5,643)
Deferred tax liability	(848)
Fair value of assets and liabilities acquired	$ 24,559

Schedule of Intangible Assets

The intangible assets, excluding goodwill and assembled workforce are being amortized on a straight-line basis over their estimated lives as follows (in thousands):



	Fair		Estimated
	Value		Lives

Customer relationships	$	4,500	5.0 years
Developed technology		3,400	8.0 years
Trade names		3,200	Indefinite
Total intangible assets	$	11,100

Pro Forma Financial Information Related to Acquisitions

The following unaudited pro forma results of operations assume the Angoss Acquisition had occurred on October 1, 2017 (in thousands):



	Years Ended
	September 30,
	2018	2017

Revenues	$ 45,285	$ 45,910
Net loss	$ (9,884)	$ (4,648)
Net loss per share – basic:	$ (0.79)	$ (0.38)
Net loss per share – diluted:	$ (0.79)	$ (0.38)

DATAWATCH CORP 10-K