v3.22.2.2
Business Combinations (Tables)
9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Summary of Assets Acquired and Liabilities Assumed as of the Acquisition
The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date.
November 1, 2021
Cash paid
$ 2,228 
Common stock issued
38,493 
Purchase consideration
$ 40,721 
Assets:
Cash
$ 406 
Accounts receivable and other receivable
287 
Contract assets
926 
Inventory 120 
Prepaid expenses and other current assets 86 
Property, plant and equipment
14,818 
Intangible assets
4,120 
Total assets
20,763 
Liabilities:
Accounts payable
39 
Accrued expenses
293 
Deferred revenue
675 
Other current liabilities
35 
Deferred tax liabilities 5,521 
Total liabilities
6,563 
Fair value of net identifiable assets acquired
14,200 
Goodwill
$ 26,521 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the intangible assets acquired by class:
November 1, 2021 Weighted average
useful life
in years
Trademark
$ 240  3
Technology 1,800  10
Customer relationships 1,400  9
IPR&D
680 
Total intangible assets
$ 4,120 
Schedule of Pro Forma Information
The table below presents the pro forma combined results of operations for the business combinations for the three and nine months ended September 30, 2021 as though the acquisitions of Oakman, DPSS, and Techshot (the “2021 Business Combinations”) had been completed as of January 1, 2020.
Three Months Ended Nine Months Ended
September 30, 2021 September 30, 2021
Revenues
$ 34,947  $ 107,256 
Net income (loss)
(23,645) (46,260)