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Acquisition of Foresight Energy, Ltd. (Tables) - fSight [Member] | 12 Months Ended
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Dec. 31, 2024
Business Acquisition [Line Items] |
Summary of Provisional Fair Values of Identifiable Assets Acquired and Liabilities Assumed | The following table summarizes the provisional fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:
(in thousands) |  |  |
Consideration transferred(1): |  |  |
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 |
(1) The reported provisional amounts presented above have been updated from the Company’s S-1 filed with the SEC on June 22, 2023. The Company recorded an out of period adjustment related to the adjustment of the provisional fair market value of the Legacy Tigo common stock that was used to develop the calculation of the purchase price consideration. The Company does not believe that the adjustment had a material impact on its consolidated statements of operations and comprehensive loss, consolidated balance sheets, or consolidated statements of cash flows in any periods previously reported.
Summary of Supplemental Pro Forma Information | The following table presents supplemental pro-forma information for the year ended December 31, 2023, as if the merger with fSight had occurred on January 1, 2023. These amounts have been calculated after applying the Company’s accounting policies and are based upon currently available information.
(in thousands) |  | December 31, 2023 |
Net revenue |  | $ | 145,301 |
Net loss |  | $ | (1,130 | )

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- 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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -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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