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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combinations [Abstract] |
Schedule of Outstanding Shares of Common Stock | The following table details the outstanding shares of the common stock that were outstanding immediately following the consummation of the Arrangement:
|  | Number of shares |
MoSys common stock outstanding prior to business combination |  |  | 8,715,910 |
Common stock issued to Peraso Tech stockholders |  |  | 3,055,584 |
Exchangeable Shares issued to Peraso Tech stockholders |  |  | 7,982,219 |
Escrow Shares - common stock |  |  | 502,567 |
Escrow Shares - Exchangeable Shares |  |  | 1,312,878 |
Total shares issued and outstanding |  |  | 21,569,158 |
Summary of Preliminary Allocation of Purchase Price to Net Assets Acquired | The following table summarizes the preliminary provisional allocation of the purchase price to the net assets acquired based on the respective fair value of the acquired assets and assumed liabilities of the accounting acquiree, which is the Company. The Company believes that information gathered to date provides a reasonable basis for estimating the fair value of assets acquired and liabilities assumed. However, the provisional measurements of fair value set forth below are subject to change. The Company expects to complete the purchase price allocation as soon as practical but no later than one year from the acquisition date.
|  | December 31, |
|  | 2021 |
Assets: |  | (in thousands) |
Cash, cash equivalents and investments |  | $ | 19,064 |
Other current assets |  |  | 2,558 |
Other assets |  |  | 833 |
Intangibles |  |  |  |
Developed technology (provisional) |  |  | 5,726 |
Customer relationships (provisional) |  |  | 2,556 |
|  |  | 8,282 |
Goodwill |  |  | 9,946 |
Liabilities: |  |  |  |
Current liabilities |  |  | 3,056 |
|  | $ | 37,627 |
Summary of Unaudited Pro Forma Results of Operations | This summary of the unaudited pro forma results of operations is not necessarily indicative of what the Company’s results of operations would have been had Peraso Tech been acquired at the beginning of 2020, nor does it purport to represent results of operations for any future periods.
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |
Revenue |  | $ | 10,670 |  |  | $ | 15,885 |
Net loss |  |  | (19,977 | ) |  |  | (16,077 | )
add back: acquisition costs |  |  | 1,628 |  |  |  | — |
Adjusted net loss |  | $ | (18,349 | ) |  | $ | (16,077 | )

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- 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 http://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 http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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