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Business acquisition (Tables)

12 Months Ended

Sep. 30, 2021

Business acquisition

Schedule of preliminary fair value amounts of the assets acquired and liabilities assumed

The following table summarizes the preliminary fair value amounts of the assets acquired and liabilities assumed as of the acquisition date, as well as the purchase consideration:

​

​	​	​	​
(in thousands)		June 14, 2021
Assets acquired	​	​	​
Cash and cash equivalents	​	$	7
Accounts receivable	​		37
Inventories	​		14
Intangible assets	​		18,410
Goodwill	​		21,538
Liabilities assumed	​	​	​
Accounts payable	​		57
Accrued expenses	​		44
Deferred tax liability	​		2,252
Fair value of assets acquired and liabilities assumed	​	$	37,653
​	​	​	​
Consideration transferred	​	​	​
Cash	​	$	490
Company common stock	​		26,772
Contingent consideration	​		5,467
Indemnity holdback	​		4,924
Fair value of purchase consideration	​	$	37,653

Schedule of preliminary estimate of the intangible assets

The following table summarizes the preliminary estimate of the intangible assets as of the acquisition date:

​

​	​	​	​	​	​
​	​	Estimated	​	​	​
​	​	Weighted	​	​	​
​	​	Average	​	​	​
​	​	Useful Lives	​	Estimated Fair
(in thousands, except for years)		in Years		Value
Developed technology		17	​	$	17,900
Customer relationships		1.5	​		510
Estimated fair value of acquired intangible assets	​	​	​	$	18,410

Schedule of pro forma financial results

Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the iGenomX acquisition.

​

​	​	​	​	​	​	​
​	​	Year ended September 30,
(in thousands)		2021			2020
Revenues	​	$	132,599	​	$	90,650
Net loss attributable to common stockholders	​		(153,007)	​		(141,054)

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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