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Acquisition of Foresight Energy, Ltd. (Tables) - fSight [Member]
 3 Months Ended
Mar. 31, 2024
Schedule of Business Acquisitions, by Acquisition [Table]  
Summary of Assets Acquired and Liabilities Assumed at Fair Value

The assets acquired and liabilities assumed were recorded at fair value as follows (in thousands):

 

Consideration transferred:

 

 

 

Fair value of common stock issued

 

$

10,974

 

Fair value of contingent shares

 

 

2,167

 

Deemed settlement of loan payable

 

 

527

 

Total consideration

 

$

13,668

 

 

 

 

 

Assets acquired:

 

 

 

Cash and cash equivalents

 

$

55

 

Accounts receivable

 

 

117

 

Property and equipment

 

 

9

 

Developed technology

 

 

1,820

 

Customer relationships

 

 

170

 

Goodwill

 

 

12,209

 

Total assets acquired

 

$

14,380

 

Liabilities assumed:

 

 

 

Accounts payable

 

$

418

 

Accrued expenses

 

 

294

 

Net assets acquired

 

$

13,668

 
Summary of Supplemental Pro Forma Information

The following table presents supplemental pro-forma information for the three months ended March 31, 2023 as if the merger with fSight had occurred on January 1, 2022. These amounts have been calculated after applying the Company's accounting policies and are based upon currently available information.

 

 

 

Three Months Ended

 

(in thousands)

 

March 31, 2023

 

Net revenue

 

$

50,126

 

Net income

 

$

6,764