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BUSINESS COMBINATION (Tables) | 12 Months Ended
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Dec. 31, 2022
BUSINESS COMBINATION |
Schedule of purchase consideration | ​
​ | ​ | ​ | ​
​ |  |  | ​
Cash paid at Closing | ​ | $ | 4,700
Receivable from VCN “effectively settled“ | ​ | ​ | 417
Fair value of common shares issued | ​ | ​ | 6,599
Fair value of contingent consideration | ​ | ​ | 11,093
​ | ​ | $ | 22,809
​
Schedule of allocation of fair value of assets and liabilities acquired | ​
​ | ​ | ​ | ​
​ | ​ | Estimated fair value
​ | ​ | ($in thousands)
Cash and cash equivalents |  | $ | 837
Receivables | ​ |  | 1,889
Property and equipment | ​ |  | 216
In-process research and development intangible asset | ​ |  | 19,742
Goodwill | ​ |  | 5,696
Deferred tax assets (liabilities), net | ​ |  | (3,209)
Accounts payable | ​ |  | (522)
Accrued expenses | ​ |  | (113)
Accrued employee benefits | ​ |  | (90)
Loan Payable-current | ​ |  | (67)
Other long-term liabilities | ​ |  | (1,570)
​ | ​ | ​ | ​
Total purchase consideration | ​ | $ | 22,809
​
Schedule of pro forma consolidated financial information | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
(in thousands) |  | 2022 |  | 2021
Net revenues |  | — |  | $ | —
Net loss |  | (20,546) | ​ | $ | (27,025)
​

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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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