Quarterly report pursuant to Section 13 or 15(d)

Obligations Under Asset Purchase Agreements

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Obligations Under Asset Purchase Agreements
6 Months Ended
Jun. 30, 2018
Obligations Under Asset Purchase Agreements  
Obligations Under Asset Purchase Agreements

In connection with certain historical acquisitions completed by Fusion, the Company has various obligations to the sellers, mainly for payments of portions of the purchase price that have been deferred under the terms of the respective agreements. Such obligations to sellers or other parties associated with these transactions are as follows (in thousands):

 

    June 30,     December 31,  
    2018     2017  
Customer base acquisitions   $ 38     $ -  
IQMax     447       -  
      485          
Less current portion(1)     (485 )     -  
Long-term portion   $ -     $ -  

 

(1) Included in “other accrued liabilities” on the accompanying condensed consolidated balance sheets as of June 30, 2018.