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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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