Note 4  Business Combinations Fiscal 2019 Transactions None. Fiscal 2018 Transactions During the fiscal year ended March 31, 2018, the Company completed two acquisitions (asset purchase constituting the acquisition of a business from an accounting perspective and an acquisition of a company). Wantickets On May 5, 2017, LXL Tickets, a wholly owned subsidiary of the Company, entered into an Asset Purchase Agreement (APA) with Wantickets RDM, LLC (Wantickets) and certain other parties, whereby LXL Tickets purchased certain operating assets of Wantickets for total consideration of 666,667 shares of common stock of the Company valued at $3.3 million (or $5.01 per share). The asset purchase was intended to augment and diversify the Companys music operating segment. The goodwill recorded for the Wantickets asset purchase was $1.3 million. Key factors that contributed to the recognition of Wantickets goodwill were the opportunity to consolidate and complement existing content operations, certain software and customer lists, and the opportunity to generate future synergies within the existing music business. As a result of the Wantickets asset purchase, the goodwill is deductible for tax purposes. The Company accounted for the Wantickets asset purchase transaction, which constitutes the acquisition of a business from an accounting perspective, as a business combination in accordance with ASC 805 Business Combinations. Significant other assets assumed were approximately $0.1 million in property and equipment, $0.4 million of trademark and trade names, $1.0 million in software associated with proprietary ticketing technology, and $0.5 million in domain names and customer relationships. For each of the three and six month periods ended September 30, 2017, the Company incurred less than $0.1 million in transaction costs associated with the Wantickets asset purchase. The Company did not incur any transaction costs during the three and six months ended September 30, 2018. The following table summarizes the fair value of the assets acquired from Wantickets (in thousands): Asset Type Fair Value Property and Equipment $ 109 Trademark / Trade Name 431 Software 1,004 Customer Relationships 369 Domain Names 106 Goodwill 1,321 Purchase Consideration $ 3,340 Since the asset purchase date, the amount of revenue for LXL Tickets included in the Companys condensed consolidated statements of operations within discontinued operations for the three and six months ended September 30, 2018 was $0 and $0, respectively, and for the three and six months ended September 30, 2017 was $0.3 million and $0.6 million, respectively. The net loss included in the Companys condensed consolidated statements of operations within discontinued operations for the three and six months ended September 30, 2018 was $0 and $0, respectively and for the three and six months ended September 30, 2017 was $0.5 million and $0.8 million, respectively. During the quarter ended December 31, 2017, management of the Company made the decision to shut down the operations of LXL Tickets effective December 31, 2017 (see Note 5 - Dispositions). Pro forma financial information for the Wantickets asset purchase transaction is not presented due to the disposition of LXL Tickets during the year ended March 31, 2018. Slacker, Inc. On December 29, 2017, the Company acquired Slacker for total purchase consideration of $55.9 million with the purchase consideration consisting of (i) 6,126,788 shares of the Companys common stock, valued at $24.5 million, (ii) 1,675,893 shares of the Companys common stock issued to payoff certain debt of Slacker as of the transaction date, valued at $6.7 million, (iii) cash payment of $2.5 million and issuance of 175,000 shares of the Companys common stock valued at $0.7 million to Slacker and its designees and (iv) the assumption of Slackers liabilities of approximately $21.5 million. The acquisition is intended to augment and diversify the Companys music operating segment. The Company accounted for the acquisition as a business combination. The goodwill recorded for the Slacker acquisition was $5.4 million. Key factors that contributed to the recognition of the Slacker goodwill were the opportunity to consolidate and complement existing content operations, trained workforce, proprietary software and operating platform, and the opportunity to generate future synergies with the Companys existing business. As a result of the acquisition of the stock of Slacker, the goodwill is not deductible for tax purposes. The fair values of the assets acquired, as set forth below, are considered provisional and subject to adjustment as additional information is obtained through the measurement period (a period of up to one year from the closing date). Any prospective adjustments would change the fair value allocation as of the acquisition date. The Company is still in the process of reviewing underlying models, assumptions and discount rates used in the valuation of deferred cost of sales, deferred taxes and intangible assets. The following table summarizes the provisional fair value of the assets assumed in the Slacker acquisition (in thousands): Asset Type Fair Value Cash and Cash Equivalents $ 263 Accounts Receivable 3,339 Prepaid Expense and Other Assets 254 Deferred Cost of Sales 458 Property and Equipment 400 Trademarks/Trade Names 11,436 Intellectual Property 8,454 Customer Relationships 6,618 Software 19,384 Goodwill 5,377 Purchase Consideration $ 55,983 The amount of revenues for Slacker included in the Companys condensed consolidated statements of operations for the three and six months ended September 30, 2018 was $8.0 million and $15.4 million, respectively, and for the three and six months ended September 30, 2017 was $0 and $0, respectively. The net loss for Slacker included in the Companys condensed consolidated statements of operations for the three and six months ended September 30, 2018 was ($2.8) million and ($5.5) million, respectively, and for the three and six months ended September 30, 2017 was $0 and $0, respectively. The Company incurred no transaction costs associated with the Slacker acquisition during the three and six months ended September 30, 2018. Less than $0.1 million of transaction costs associated with the Slacker acquisition were incurred during each of the three and six months ended September 30, 2017. Supplemental Pro Forma Information (Unaudited) The pro forma financial information as presented below is for informational purposes only and is not indicative of operations that would have been achieved from the acquisitions had they taken place at the beginning of the fiscal year ended March 31, 2017. Supplemental information on an unaudited pro forma basis, as if these acquisitions had been completed as of April 1, 2016, is as follows (in thousands, except per share data): The following table presents the revenues and net loss of the combined company for the three and six months ended September 30, 2018 and 2017 as if the acquisition had been completed on April 1, 2016. Three Months Ended September 30, Six Months Ended September 30, 2018 2017 2018 2017 Revenues $ 7,968 $ 6,582 $ 15,558 $ 13,313 Net Loss (9,660 ) (6,060 ) (19,821 ) (10,444 ) The Companys unaudited pro forma supplemental information is based on estimates and assumptions which the Company believes are reasonable and reflect amortization of intangible assets as a result of the acquisition. The pro forma results are not necessarily indicative of the results that would have been realized had the acquisitions been consummated as of the beginning of the periods presented. The pro forma amounts include the historical operating results of the Company, with adjustments directly attributable to the acquisitions.