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Arq Acquisition (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Final Purchase Price Allocation to the Assets Acquired and Liabilities Assumed

The following table provides the final purchase price allocation to the assets acquired and liabilities assumed as of the Acquisition Date:

(in thousands)																		Purchase Price Allocation
Fair value of assets acquired:
Cash																		$	1,411
Prepaid expenses and other current assets																		2,229
Restricted cash, long-term																		814
Property, plant and equipment, net																		39,159
Other long-term assets, net																		11,717
Amount attributable to assets acquired																		55,330
Fair Value of liabilities assumed:
Accounts payable and accrued expenses																		9,806
Current portion of long-term debt																		494
Other current liabilities																		103
Long-term debt, net of current portion																		9,199
Other long-term liabilities																		4,523
Amount attributable to liabilities assumed																		24,125
Net assets acquired																		$	31,205

The following represents the intangible asset identified as part of the Arq Acquisition and which is included in "Other long-term-assets, net" in the table above:

(in thousands)						Amount						Weighted Average Useful Life (years)
Developed technology						$	7,700					20

Schedule of Pro Forma Revenues

Since Legacy Arq had no revenues for the nine months ended September 30, 2023, pro forma revenues are the same as the Company's reported revenues for that period.

(in thousands)						Nine Months Ended September 30, 2023
Revenues						$	71,079
Net loss						$	(12,100)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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- References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

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