Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.22.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2022
Asset Acquisition [Abstract]  
Schedule of Acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

 

Fair value of consideration transferred:

 

 

Cash consideration

$

2,635

 

Equity consideration

 

2,354

 

Development milestone earnout fair value

 

1,020

 

Business milestone earnout fair value

 

582

 

Total consideration transferred

$

6,591

 

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

 

Fair value of assets acquired:

At April 4, 2022

 

Cash and cash equivalents

$

383

 

Accounts receivable

 

5

 

Other assets

 

17

 

Intangible assets

 

2,220

 

Goodwill

 

4,475

 

Assets acquired:

$

7,100

 

Fair value of liabilities assumed:

 

 

Customer payable - cancelled contracts

$

38

 

Accrued Expense for pre-acquisition expenses

 

231

 

Accrued Expense for grant repayment

 

240

 

Liabilities acquired:

$

509