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Business Combination (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Combinations [Abstract] |
Summary of Fair Value of Total Consideration Effectively Transferred | The fair value of the total consideration effectively transferred is summarized in the following table (in thousands, except per-share amount):
Company share price (i) |  | $ | 4.21 |
Company common shares outstanding (ii) |  |  | 8,716 |
Fair value of the Company's common shares outstanding |  |  | 36,694 |
Fair value of the Company's warrants (iii) |  |  | 301 |
Total fair value of the Company's share-based awards (iii) |  |  | 782 |
Percent related to pre-combination service |  |  | 80.76 | %
Fair value of the Company's pre-combination service share-based awards (iii) |  |  | 632 |
Consideration effectively transferred |  | $ | 37,627 |
(i) Represents the Company's share price as of December 16, 2021 |
(ii) Represents the Company's outstanding shares as of December 16, 2021 |
(iii) Represents the fair value of the Company's warrants outstanding and calculated as of December 16, 2021 |
Summary of Final Allocation of Purchase Price to Net Assets Acquired | The following table summarizes the final 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.
|  | December 31, |
|  | 2021 |
Assets: |  | (in thousands) |
Cash, cash equivalents and investments |  | $ | 19,064 |
Other current assets |  |  | 2,558 |
Other assets |  |  | 833 |
Intangibles |  |  |  |
Developed technology |  |  | 5,726 |
Customer relationships |  |  | 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 2021, nor does it purport to represent results of operations for any future periods.
|  | Three Months Ended |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2021 |  |  | September 30, 2021 |
Revenue |  | $ | 3,354 |  |  | $ | 7,659 |
Net loss |  | $ | (5,535 | ) |  | $ | (17,695 | )

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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 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
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- 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
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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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