XML 55 R38.htm IDEA: XBRL DOCUMENT
v3.25.1

Acquisition of ElectraMeccanica (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the acquisition of ElectraMeccanica on March 26, 2024 (in thousands):
Purchase consideration (1) | $ | (35,588) |
Assets acquired |
Cash and cash equivalents | $ | 50,240 |
Restricted cash | 1,115 |
Prepaid expenses and other current assets | 1,539 |
Other non-current assets | 1,736 |
Total identifiable assets acquired | $ | 54,630 |
Liabilities assumed |
Accounts payable | $ | (804) |
Other current liabilities (2) | (1,903) |
Other non-current liabilities (2) | (16,335) |
Total liabilities assumed | $ | (19,042) |
Net assets acquired and liabilities assumed | $ | 35,588 |
(1) As a result of the asset acquisition accounting, the transaction costs of $3.7 million associated with the acquisition are included in the costs of the assets acquired and allocated amongst qualifying assets using the relative fair value basis. The transaction costs primarily included financial advisor fees, accounting, and legal expenses. (2) The Company assumed two lease facilities in connection with the ElectraMeccanica acquisition, which are reflected in other current liabilities and other non-current liabilities of approximately $1.2 million and $16.0 million, respectively.

X
- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480123/805-50-15-3 + Details
Name: | us-gaap_AssetAcquisitionTableTextBlock
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