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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combination |
Schedule of pro forma financial information as if the Merger had occurred as of January 1, 2013 | The following pro forma financial information is based on the historical financial statements of the Company and presents the Company's results as if the Merger had occurred as of January 1, 2013 (in thousands of dollars):
| Year Ended December 31,
| 2014 |  | 2013
Revenue | $ | 38,190 |  |  | $ | 21,884 |
Net loss | $ | (29,090 | ) |  | $ | (28,605 | )
Allegro |
Business Combination |
Schedule of acquisition consideration | The acquisition consideration was comprised of (in thousands of dollars):
Veracyte common stock | $ | 10,078 |
Cash | 2,725 |
Payment of outstanding indebtedness | 4,290 |
Total acquisition consideration | $ | 17,093 |
Schedule of fair value of assets acquired and liabilities assumed | The fair value of the assets acquired and liabilities assumed at the closing date of the Merger are summarized below (in thousands of dollars):
Cash and cash equivalents | $ | 29 |
Other assets, net | 7 |
In-process research and development (IPR&D) | 16,000 |
Goodwill | 1,057 |
Total net assets acquired | $ | 17,093 |

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- 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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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