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v3.22.2.2

Business Combination (Details) - USD ($) $ / shares in Units, $ in Thousands |  | 1 Months Ended | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | ---
Mar. 15, 2022 | Feb. 17, 2022 | Sep. 30, 2022 | Sep. 30, 2022
Business Combination (Details) [Line Items] |  |  |  |
Merger agreement, description |  |  |  | Subject to the terms and conditions of the Merger Agreement, upon the closing of the Merger, Reflect stockholders as of the effective time of the Merger collectively received from the Company, in the aggregate, the following Merger consideration: (i) $16,166 payable in cash, (ii) 2,333,334 shares of common stock of Creative Realities (valued based on an issuance price of $2 per share) (the “CREX Shares”), (iii) the Secured Promissory Note (as described below), and (iv) supplemental cash payments (the “Guaranteed Consideration”), if any, payable on or after February 17, 2025 (subject to the Extension Option described below, the “Guarantee Date”), in an amount by which the value of the CREX Shares on such anniversary is less than $6.40 per share, or if certain customers of Reflect collectively achieve over 85,000 billable devices online at any time on or before December 31, 2022, is less than $7.20 per share (such applicable amount, the “Guaranteed Price”), multiplied by the amount of CREX Shares held by the Reflect stockholders on the Guarantee Date (subject to the Extension Option described below).
Extend the guarantee date, description |  |  |  | if (i) the Extension Threshold Price is greater than or equal to 70% of the Guaranteed Price described above, and (ii) the Company provides written notice of its election to exercise the Extension Option no later than February 7, 2025. The “Extension Threshold Price” means the average closing price per share of Creative Realities Shares as reported on the Nasdaq Capital Market (or NYSE) in the fifteen (15) consecutive trading day period ending February 2, 2025. If the Extension Threshold Price is less than 80% of the Guaranteed Price, then the Guaranteed Price will be increased by $1.00 per share.
Retention bonus plan, description |  | The future cash payments due on the one-year and two-year anniversaries of the Closing have been deposited into an escrow agreement. The Retention Bonus Plan also requires the Company to issue Common Stock having an aggregate value of $667 to the plan participants as follows: 50% of the value of such shares were issued at the Closing, and subject to continuous employment with Reflect or Creative Realities, 25% of the value of such shares will be issued on February 17, 2023 (the one-year anniversary of Closing) and the remaining 25% of the value of such shares will be issued on February 17, 2024 (the two-year anniversary of the Closing). The shares issued on the Closing were valued at $2.00 per share, and the shares to be issued after the Closing will be determined based on dividing the value of shares issuable on such date divided by the trailing 10-day volume weighted average price (VWAP) of the shares as of such date as reported on the Nasdaq Capital Market. |  |
Security agreement amount |  | $ 2,500 |  |
Accrues interest percentage | 0.59% |  |  |
Principal installments amount | $ 104 |  |  |
Merger shares, per share (in Dollars per share) |  |  | $ 6.4 | $ 6.4
Billable devices (in Shares) |  |  |  | 85,000
Guarnteed price per share (in Dollars per share) |  |  |  | $ 7.2
Contingent liability |  | $ 5,262 |  |
Deposit assets |  |  | $ 818 | $ 818
Direct transaction costs |  |  | $ 16 | 444
Fair value of property, plant and equipment |  |  |  | $ 96
Minimum [Member] |  |  |  |
Business Combination (Details) [Line Items] |  |  |  |
Weighted average lives ranging |  |  |  | 2 years
Maximum [Member] |  |  |  |
Business Combination (Details) [Line Items] |  |  |  |
Weighted average lives ranging |  |  |  | 10 years
Secured Promissory Note [Member] |  |  |  |
Business Combination (Details) [Line Items] |  |  |  |
Accrues interest percentage | 0.59% |  |  |
Principal installments amount | $ 104 |  |  |

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