XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.23.1

Business Combination (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of Consideration Paid in Business Acquisition | The following table summarizes our current allocation of the October 18, 2021 purchase price:
| Initial Allocation |  | Adjustments |  | Final Allocation
Cash | $ | 4 |  |  | $ | — |  |  | $ | 4 |
Inventory | 1,687 |  | — |  | 1,687
Intangible assets | 3,340 |  | — |  | 3,340
Accrued expenses | — |  | (436) |  | (436)
Deferred revenue | (1,369) |  | (35) |  | (1,404)
Goodwill | 6,937 |  | 35 |  | 6,972
Total purchase price | 10,599 |  |  | (436) |  |  | 10,163 |
Fair value adjustments | 382 |  |  | — |  |  | 382 |
Total consideration paid | $ | 10,981 |  |  | $ | (436) |  |  | $ | 10,545 |
Summary of Unaudited Pro Forma Financial Information | The following table summarizes the unaudited pro forma condensed financial information of Phunware, Inc for the year ended December 31, 2021 as if the acquisition of Lyte had occurred on January 1, 2021:
| Year Ended December 31, 2021
(in thousands) | (unaudited)
Net revenues | $ | 18,175 |
Net loss | (53,935)

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 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration