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Business Combination (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the total consideration transferred in the Business Combination:

Consideration Transferred						Total
Pre-combination vesting of modified profits interests						$	325
Pre-combination vesting of unmodified profits interests						651
Consideration Transferred to Sellers						976
Class A OpCo Units - non-controlling interests						1,785,283
Fair value of total consideration transferred						$	1,786,259

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth the fair value of the assets and liabilities assumed in connection with the Business Combination:

						Total
Assets Acquired
Current Assets
Cash						$	7,946
Prepaid expenses						637
Other current assets						30
Total Current Assets						8,613
Long Term Assets
Intangible assets, net						1,345,000
Property, plant and equipment						91,855
Right-of-use assets						940
Total Long Term Assets						1,437,795
Total Assets Acquired						$	1,446,408
Liabilities Assumed
Current Liabilities
Accounts payable						2,574
Accrued liabilities						7,370
Current lease liability						137
Other current liabilities						1
Total Current Liabilities						10,082
Long Term Liabilities
Deferred tax liability						71,459
Asset retirement obligation						1,967
Long term lease liability						594
Total Long Term Liabilities						74,020
Total Liabilities Assumed						84,102
Total identifiable net assets						1,362,306
Goodwill						423,953
Net assets acquired						$	1,786,259

Business Acquisition, Pro Forma Information

The following table presents pro forma information as if the Business Combination occurred as of January 1, 2022. The pro forma information reflects adjustments for additional amortization resulting from the fair value re-measurement of assets acquired and liabilities assumed, for alignment of accounting policies, and transaction expenses as if the Business Combination occurred on January 1, 2022. The pro forma results do not include any anticipated cost synergies or other effects of the combined Company. Accordingly, pro forma amounts are not necessarily indicative of the results that actually would have occurred had the Business Combination been completed on the date indicated, nor are they indicative of the Company's future operating results.

						Three Months Ended									Nine Months Ended
						September 30, 2023			September 30, 2022						September 30, 2023			September 30, 2022
Pro forma revenue						$	125		$	208					$	175		$	574
Pro forma net loss						(91,966)			(28,964)						(266,123)			(87,558)
Pro forma net loss attributable to non-redeemable controlling interest						(29,981)			(9,442)						(86,756)			(28,544)
Pro forma net loss attributable to non-redeemable non-controlling interests						(61,985)			(19,522)						(179,367)			(59,014)

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

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
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-Publisher FASB
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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

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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.

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