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CXApp Acquisition (Tables) | 6 Months Ended | 12 Months Ended
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Jun. 30, 2023 | Dec. 31, 2022
CXApp Acquisition (Tables) [Line Items] |  |
Schedule of Purchase Price |  | The following table represents the purchase price (in thousands).
Cash |  | $ | 22,132
Stock (117,994 common stock shares at $84.75 per share) |  |  | 10,000
Total Purchase Price |  | $ | 32,132
Schedule of Purchase Price Allocations Relating to the Acquisition | The following table summarizes certain assets and liabilities of discontinued operations:
|  | As of December 31, 2022
Current Assets of Discontinued Operations |  |  |
Cash and cash equivalents |  | $ | 10,000
Accounts receivable |  |  | 1,338
Prepaid expenses and other current assets |  |  | 923
Current Assets of Discontinued Operations |  | $ | 12,261
Long Term Assets of Discontinued Operations |  |  |
Property and equipment, net |  | $ | 202
Operating Lease Right-of-Use Asset, net |  |  | 681
Software development costs, net |  |  | 487
Intangible assets, net |  |  | 19,289
Other Assets |  |  | 52
Long Term Assets of Discontinued Operations |  | $ | 20,711
Current Liabilities of Discontinued Operations |  |  |
Accounts payable |  | $ | 1,054
Accrued liabilities |  |  | 1,736
Operating lease obligation, current |  |  | 266
Deferred revenue |  |  | 2,162
Current Liabilities of Discontinued Operations |  | $ | 5,218
Long Term Liabilities of Discontinued Operations |  |  |
Operating lease obligation, noncurrent |  | $ | 444
Other Liabilities, noncurrent |  |  | 28
Long Term Liabilities of Discontinued Operations |  | $ | 472
|  | Fair Value Allocation
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 109
Accounts receivable |  |  | 110
Prepaid expenses and other current assets |  |  | 135
Inventory |  |  | 844
Right of use asset |  |  | 312
Property, plant, and equipment |  |  | 30
Other assets |  |  | 113
Tradename & trademarks |  |  | 168
Proprietary technology |  |  | 507
Customer relationships |  |  | 197
Goodwill |  |  | 482
Total assets acquired |  | $ | 3,007
Liabilities assumed: |  |  |
Accounts payable |  |  | 2
Accrued liabilities |  |  | 413
Lease liabilities – current |  |  | 54
Lease liabilities – noncurrent |  |  | 231
Payable to new parent |  |  | 391
Deferred revenue |  |  | 784
Total liabilities assumed |  |  | 1,875
Estimated fair value of net assets acquired: |  | $ | 1,132
Schedule of Acquisition-Related Costs for the Acquisition |  | Total acquisition-related costs for the Acquisition incurred during the year ended December 31, 2021, was $209,036, and is included in selling, general and administrative expense in the Company’s consolidated statements of operations. The following table details the acquisition related costs for the Acquisition:
Accounting fees |  | $ | 10
Legal fees |  |  | 199
Total acquisition costs |  | $ | 209
Series of Individually Immaterial Business Acquisitions [Member] |  |
CXApp Acquisition (Tables) [Line Items] |  |
Schedule of Acquisition Liability |  | The following represents the amounts that were recorded to Acquisition Liability (in thousands):
|  | Acquisition Liability
Current |  |  |  |
Option payout |  | $ | 296 |
Bonus payout |  |  | 34 |
Seller transaction expenses |  |  | 72 |
Miscellaneous accrued expenses |  |  | 174 |
Total current |  | $ | 576 |
Noncurrent |  |  |  |
Option payout |  | $ | 493 |
Bonus payout |  |  | 57 |
Holdback funds |  |  | 4,875 |
Total noncurrent |  |  | 5,425 |
|  |  | 6,001 |
Less adjustment to holdback funds due to measurement period adjustment |  |  | (209 | )
Less payments made during the year ended December 31, 2021 |  |  | (460 | )
Less payments made during the year ended December 31, 2022 |  |  | (5,135 | )
Total acquisition liability |  | $ | 197 |
Schedule of Purchase Price Allocations Relating to the Acquisition |  | The following table summarizes the purchase price allocations relating to the Acquisition (in thousands):
|  | Fair Value Allocation
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 1,153
Trade and other receivables |  |  | 1,626
Prepaid expenses and other current assets |  |  | 68
Property, plant, and equipment |  |  | 6
Tradename |  |  | 2,170
Developed technology |  |  | 8,350
Customer relationships |  |  | 5,020
Non-compete agreements |  |  | 2,690
Goodwill |  |  | 15,306
Total assets acquired |  | $ | 36,389
Liabilities assumed: |  |  |
Accounts payable |  | $ | 203
Deferred revenue |  |  | 1,319
Accrued expenses and other liabilities |  |  | 116
Deferred tax liability |  |  | 2,591
Other tax liability, noncurrent |  |  | 28
Total liabilities assumed |  |  | 4,257
Estimated fair value of net assets acquired: |  | $ | 32,132
Schedule of Acquisition-Related Costs for the Acquisition |  | The below table details the acquisition-related costs for the Acquisition (in thousands):
Accounting fees |  | $ | 115
Legal fees |  |  | 389
Total acquisition costs |  | $ | 504

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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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