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Business Combinations (Tables)

6 Months Ended

Jun. 30, 2023

Business Acquisition [Line Items]

Schedule of Fair Value of Contingent Consideration Liability

The following table shows the Insight Merger Date contractual payment amounts, as applicable, and the corresponding fair value of each respective Contingent Consideration liability (in thousands):

Schedule of Fair Value of Contingent Consideration Liability

						Fair
		Contractual				Value on the
		Value				Merger Date
Milestone 1		$	1,500			$	1,340
Milestone 2			3,000				1,830
Milestone 3 (a)			1,500				770
Royalty 1 (b)			See(b)				5,980
Royalty 2 (b)			See(b)				1,210
Total		$	6,000			$	11,130

(a)	Indicates the maximum payable if the Milestone is achieved.
(b)	As defined, Royalty Payments are based on a percentage of future revenues of DetermaIO and Pharma Services over their respective useful life, accordingly there is no fixed contractual value for the Royalty Contingent Consideration.

Insight Merger [Member]

Business Acquisition [Line Items]

Schedule of Contingent Consideration, Measured at Fair Value

The following tables reflect the activity for Oncocyte’s Contingent Consideration for the six months ended June 30, 2023 and 2022, measured at fair value using Level 3 inputs (in thousands):

Schedule of Contingent Consideration, Measured at Fair Value

		Fair Value
Balance at December 31, 2021		$	7,060
Change in estimated fair value			1,400
Balance at June 30, 2022		$	8,460

		Fair Value
Balance at December 31, 2022		$	5,370
Change in estimated fair value			(2,500	)
Balance at June 30, 2023		$	2,870

Chronix Merger [Member]

Business Acquisition [Line Items]

Schedule of Contingent Consideration, Measured at Fair Value

The following tables reflect the activity for Oncocyte’s Contingent Consideration for the six months ended June 30, 2023 and June 30, 2022, measured at fair value using Level 3 inputs (in thousands):

Schedule of Contingent Consideration, Measured at Fair Value 

		Fair Value
Balance at December 31, 2021		$	69,621
Change in estimated fair value			(12,415	)
Balance at June 30, 2022		$	57,206

		Fair Value
Balance at December 31, 2022		$	40,292
Change in estimated fair value			(14,012	)
Balance at June 30, 2023		$	26,280

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-5

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