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Mergers and Acquisitions (Tables) | 9 Months Ended
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Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Fair Value Adjustments for Shares of Series B and Series M Preferred Stock | The fair value of the purchase price components outlined above was $16.0 million due to fair value adjustments for the shares of Series B Stock and Series M Stock, as detailed below (in $000’s):
Common stock |  | $ | 7,448 |
Series B preferred stock |  | 8,552 |
Total purchase price |  | $ | 16,000 |
Schedule of Purchase Price Allocation of Purchase for ALT5 Subsidiary to Acquired Identifiable Assets, Liabilities Assumed and Goodwill | The table below outlines the purchase price allocation of the purchase for ALT5 Subsidiary to the acquired identifiable assets, liabilities assumed and goodwill (in $000’s):
Total purchase price |  |  | $ | 16,000 |
Accounts payable |  |  | 267 |
Digital assets payable |  |  | 16,763 |
Debt |  |  | 7,613 |
Total liabilities assumed |  |  | 24,643 |
Total consideration |  |  | 40,643 |
Cash |  |  | 5,853 |
Accounts receivable |  |  | 2,917 |
Digital assets receivable |  |  | 9,082 |
Intangible assets |  |  |
Customer relationships |  | $ | 13,925 |  |
Trade names |  | 2,675 |  |
Developed technology |  | 1,850 |  |
Subtotal intangible assets |  |  | 18,450 |
Other |  |  | 492 |
Total assets acquired |  |  | 36,794 |
Total goodwill |  |  | $ | 3,849 |
and an
Schedule of Proforma Information | The table below presents selected proforma information for the Company for the thirteen and twenty-six week periods ended September 28, 2024, assuming that the acquisition had occurred on January 1, 2023 (the beginning of the Company’s 2023 fiscal year), pursuant to ASC 805-10-50 (in $000’s). This proforma information does not purport to represent what the actual results of operations of the Company would have been had the acquisition occurred on that date, nor does it purport to predict the results of operations for future periods.
| As Reported |  | Adjustments |  | Proforma
| ALT5 Sigma Corporation Unaudited 13 weeks ended September 28, 2024 |  | ALT5 Subsidiary Unaudited 13 weeks ended September 28, 2024 |  | Adjustments(1) |  | ALT5 Sigma Corporation for the 13 weeks ended September 28, 2024
Net revenue | $ | 4,941 |  |  | $ | — |  |  |  |  | $ | 4,941 |
Net income | $ | (822) |  |  | $ | — |  |  | $ | — |  |  | $ | (822) |
Earnings per basic common share | $ | (0.06) |  |  |  |  |  |  | $ | 0.10 |
Earnings per basic diluted share | $ | (0.06) |  |  |  |  |  |  | $ | 0.10 |
| As Reported |  | Adjustments |  | Proforma
| ALT5 Sigma Corporation Unaudited 13 weeks ended September 30, 2023 |  | ALT5 Subsidiary Unaudited 13 weeks ended September 30, 2023 |  | Adjustments(1) |  | ALT5 Sigma Corporation for the 13 weeks ended September 30, 2023
Net revenue | $ | — |  |  | $ | 1,657 |  |  |  |  | $ | 1,657 |
Net income | $ | (214) |  |  | $ | 953 |  |  | $ | (537) |  |  | $ | 202 |
Earnings per basic common share | $ | (0.05) |  |  |  |  |  |  | $ | 0.05 |
Earnings per basic diluted share | $ | (0.05) |  |  |  |  |  |  | $ | 0.05 |
| As Reported |  | Adjustments |  | Proforma
| ALT5 Sigma Corporation Unaudited 39 weeks ended September 28, 2024 |  | ALT5 Subsidiary Unaudited 39 weeks ended September 28, 2024 |  | Adjustments(1) |  | ALT5 Sigma Corporation for the 39 weeks ended September 28, 2024
Net revenue | $ | 7,110 |  |  | $ | 2,918 |  |  |  |  | $ | 10,028 |
Net income | $ | (2,377) |  |  | $ | 71 |  |  | $ | (806) |  |  | $ | (3,112) |
Earnings per basic common share | $ | (0.24) |  |  |  |  |  |  | $ | (0.36) |
Earnings per basic diluted share | $ | (0.24) |  |  |  |  |  |  | $ | (0.36) |
| As Reported |  | Adjustments |  | Proforma
| ALT5 Sigma Corporation Unaudited 39 weeks ended September 30, 2023 |  | ALT5 Subsidiary Unaudited 39 weeks ended September 30, 2023 |  | Adjustments(1) |  | ALT5 Sigma Corporation for the 39 weeks ended September 30, 2023
Net revenue | $ | — |  |  | $ | 4,912 |  |  |  |  | $ | 4,912 |
Net income | $ | 9,993 |  |  | $ | 2,345 |  |  | $ | (1,611) |  |  | $ | 10,727 |
Earnings per basic common share | $ | 2.71 |  |  |  |  |  |  | $ | 2.91 |
Earnings per basic diluted share | $ | 2.71 |  |  |  |  |  |  | $ | 2.91 |
(1)Adjustments are related to adjustments made for the following: •Amortization expense of definite-lived intangible assets has been adjusted based on the preliminary fair value at the acquisition date.

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- 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
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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://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
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