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Acquisition of Assets of SPEC Sensors and KWJ Engineering (Tables)

12 Months Ended

Dec. 31, 2022

Acquisition of Assets of SPEC Sensors and KWJ Engineering

Summary of estimated fair values of the assets acquired and liabilities assumed at the acquisition date

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands). We are in the process of identifying and measuring the fair value of certain property and equipment assets, intangible assets, and working capital balances, thus the provisional measurements of these assests and goodwill are subject to change.

​	​	​	​
Cash		$	541
Accounts receivable		​	316
Inventories		​	1,063
Prepaid expenses and other current assets		​	42
Deposits		​	16
Accounts payable		​	(157)
Accrued liabilities		​	(257)
Net identifiable assets acquired		​	1,564
Goodwill		​	650
Net assets acquired	​	$	2,214

​

Summary of proforma consolidated statement of operations as if SPEC/KWJ had been included in our consolidated results

​

​	​	​	​	​	​	​
​		Year Ended December 31,
​	​	2022		​	2021
​	​	(in thousands)
Revenue	​	$	12,175	​	$	12,274
Net income (loss)	​	$	1,367	​	$	(487)

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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472

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