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Acquisition of Foresight Energy, Ltd. (Tables)

9 Months Ended

Sep. 30, 2024

Business Acquisition [Line Items]

Supplemental Information of Operating Results

The following table presents supplemental pro-forma information on the net revenue and net loss attributable to fSight included within the Company’s condensed consolidated statement of operations and comprehensive loss.

(in thousands)		Three Months Ended September 30, 2023				Nine Months Ended September 30, 2023
Net revenue		$	156			$	398
Net loss		$	(374	)		$	(931	)

fSight [Member]

Business Acquisition [Line Items]

Summary of Provisional Fair Values of Identifiable Assets Acquired and Liabilities Assumed

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 and nine months ended September 30, 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.

(in thousands)		Three Months Ended September 30, 2023				Nine Months Ended September 30, 2023
Net revenue		$	17,104			$	136,056
Net loss		$	29,056			$	13,644

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