Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.22.1
Business Combinations (Tables)
 3 Months Ended
Mar. 31, 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 months ended March 31, 2022 as though the acquisitions of Oakman, DPSS, and Techshot (the “2021 Business Combinations”) had been completed as of January 1, 2020.
Three Months Ended
March 31, 2021
Revenues
 $ 38,026 
Net income (loss)
 (4,743)