XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

BUSINESS ACQUISITIONS AND RELATED TRANSACTIONS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Revenue and Net (Loss) Income | The following table sets forth the revenue and net (loss) income for Enerqos:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue | $ | 6,891 |  |  | $ | 18,300 |  |  | $ | 19,924 |  |  | $ | 31,341 |
Net (loss) income | (887) |  |  | 637 |  |  | $ | (2,616) |  |  | $ | 819 |
Summary of Purchase Price Allocation by Acquisitions | A summary of the cumulative consideration paid and allocation of the purchase price for the Enerqos acquisition are presented in the table below:
| Preliminary March 31, 2023 |  | Measurement Period Adjustment |  | As Adjusted December 31, 2023
Cash | $ | 9,535 |  |  | $ | — |  |  | $ | 9,535 |
Long-term debt assumed, net of current portions | 3,951 |  |  | — |  |  | 3,951 |
FX adjustment | (41) |  |  | — |  |  | (41) |
Fair value of consideration transferred | $ | 13,445 |  |  | $ | — |  |  | $ | 13,445 |
Cash and cash equivalents | $ | 190 |  |  | $ | — |  |  | $ | 190 |
Accounts receivable | 6,230 |  |  | — |  |  | 6,230 |
Costs and estimated earnings in excess of billings | 8,985 |  |  | — |  |  | 8,985 |
Prepaid expenses and other current assets | 16,504 |  |  | — |  |  | 16,504 |
Project development costs | 5,140 |  |  | — |  |  | 5,140 |
Property and equipment and energy assets | 1,234 |  |  | — |  |  | 1,234 |
Intangible assets | 4,438 |  |  | — |  |  | 4,438 |
Long-term restricted cash | 163 |  |  | — |  |  | 163 |
Accounts payable | (15,480) |  |  | — |  |  | (15,480) |
Accrued expenses and other current liabilities | (4,510) |  |  | 165 |  |  | (4,345) |
Current portions of long-term debt | (15,165) |  |  | — |  |  | (15,165) |
Deferred income tax liabilities, net | (931) |  |  | — |  |  | (931) |
Other liabilities | (208) |  |  | — |  |  | (208) |
Recognized identifiable assets acquired and liabilities assumed | $ | 6,590 |  |  | $ | 165 |  |  | $ | 6,755 |
Goodwill | $ | 6,855 |  |  | $ | (165) |  |  | $ | 6,690 |
Summary of Purchase Price Allocation by Acquisitions | A summary of the cumulative consideration paid and allocation of the purchase price for the Enerqos acquisition are presented in the table below:
| Preliminary March 31, 2023 |  | Measurement Period Adjustment |  | As Adjusted December 31, 2023
Cash | $ | 9,535 |  |  | $ | — |  |  | $ | 9,535 |
Long-term debt assumed, net of current portions | 3,951 |  |  | — |  |  | 3,951 |
FX adjustment | (41) |  |  | — |  |  | (41) |
Fair value of consideration transferred | $ | 13,445 |  |  | $ | — |  |  | $ | 13,445 |
Cash and cash equivalents | $ | 190 |  |  | $ | — |  |  | $ | 190 |
Accounts receivable | 6,230 |  |  | — |  |  | 6,230 |
Costs and estimated earnings in excess of billings | 8,985 |  |  | — |  |  | 8,985 |
Prepaid expenses and other current assets | 16,504 |  |  | — |  |  | 16,504 |
Project development costs | 5,140 |  |  | — |  |  | 5,140 |
Property and equipment and energy assets | 1,234 |  |  | — |  |  | 1,234 |
Intangible assets | 4,438 |  |  | — |  |  | 4,438 |
Long-term restricted cash | 163 |  |  | — |  |  | 163 |
Accounts payable | (15,480) |  |  | — |  |  | (15,480) |
Accrued expenses and other current liabilities | (4,510) |  |  | 165 |  |  | (4,345) |
Current portions of long-term debt | (15,165) |  |  | — |  |  | (15,165) |
Deferred income tax liabilities, net | (931) |  |  | — |  |  | (931) |
Other liabilities | (208) |  |  | — |  |  | (208) |
Recognized identifiable assets acquired and liabilities assumed | $ | 6,590 |  |  | $ | 165 |  |  | $ | 6,755 |
Goodwill | $ | 6,855 |  |  | $ | (165) |  |  | $ | 6,690 |

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 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration