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BUSINESS COMBINATION (Tables) - Rocket Lab USA, Inc. | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Estimates Fair Value of Assets Acquired and Liabilities Assumed | The following table presents estimates of the fair value of the assets acquired and the liabilities assumed by the Company in the acquisition:
Description |  | Amount |
Cash and cash equivalents |  | $ | 132 |
Accounts receivable |  |  | 1,024 |
Inventories |  |  | 718 |
Prepaids and other current assets |  |  | 16 |
Property and equipment |  |  | 380 |
Intangible assets, net |  |  | 10,250 |
Right-of-use assets |  |  | 94 |
Trade payables |  |  | (143 | )
Other current liabilities |  |  | (2,494 | )
Lease liabilities |  |  | (94 | )
Non-current deferred tax liabilities |  |  | (438 | )
Identifiable net assets acquired |  |  | 9,445 |
Goodwill |  |  | 2,895 |
Total purchase price |  | $ | 12,340 |
| The following table presents estimates of the fair value of the assets acquired and the liabilities assumed by the Company in the acquisition:
Description |  | Amount |
Cash and cash equivalents |  | $ | 132 |
Accounts receivable |  |  | 1,024 |
Inventories |  |  | 718 |
Prepaids and other current assets |  |  | 16 |
Property and equipment |  |  | 380 |
Intangible assets, net |  |  | 10,250 |
Right-of-use assets |  |  | 94 |
Trade payables |  |  | (143 | )
Other current liabilities |  |  | (2,494 | )
Lease liabilities |  |  | (94 | )
Non-current deferred tax liabilities |  |  | (438 | )
Identifiable net assets acquired |  |  | 9,445 |
Goodwill |  |  | 2,895 |
Total purchase price |  | $ | 12,340 |
Summary of Identifiable Intangible Assets Acquired and Related Expected Lives for the Finite-Lived Intangible Assets | The following is a summary of identifiable intangible assets acquired and the related expected lives for the finite-lived intangible assets (in thousands):
Type |  | Estimated Life in Years |  |  | Fair Value |
Developed technology |  |  | 7 |  |  | $ | 9,200 |
In-process technology |  |  | N/A |  |  |  | 100 |
Customer relationships |  |  | 3 |  |  |  | 600 |
Backlog |  |  | 0.7 |  |  |  | 50 |
Trademark and tradenames |  |  | 3 |  |  |  | 100 |
Non-compete agreement |  |  | 4 |  |  |  | 200 |
Total identifiable intangible assets acquired |  |  |  |  |  | $ | 10,250 |
| The following is a summary of identifiable intangible assets acquired and the related expected lives for the finite-lived intangible assets (in thousands):
Type |  | Estimated Life in Years |  |  | Fair Value |
Developed technology |  |  | 7 |  |  | $ | 9,200 |
In-process technology |  |  | N/A |  |  |  | 100 |
Customer relationships |  |  | 3 |  |  |  | 600 |
Backlog |  |  | 0.7 |  |  |  | 50 |
Trademark and tradenames |  |  | 3 |  |  |  | 100 |
Non-compete agreement |  |  | 4 |  |  |  | 200 |
Total identifiable intangible assets acquired |  |  |  |  |  | $ | 10,250 |
Unaudited Pro forma Net Revenues |  | The following table presents unaudited pro forma net revenues for each of the periods presented, as if the acquisition of Sinclair Interplanetary had occurred at the beginning of fiscal year ended December 31, 2019:
|  | 2020 |  |  | 2019 |
Net revenues |  | $ | 35,611 |  |  | $ | 56,045 |
Summary of stockbased compensation expense recognized in conjunction with the Sinclair Interplanetary acquisition | The following table provides stock-based compensation expense recognized in conjunction with the Sinclair Interplanetary acquisition:
|  | Six-Months Ended June 30, |
Acquisition stock-based compensation |  | 2021 |  |  | 2020 |
Shares issued in conjunction with the acquisition |  | $ | 701 |  |  | $ | 234 |
Earnout share achievement |  |  | 181 |  |  |  | — |
Total stock compensation related to the acquisition |  |  | 882 |  |  |  | 234 |

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