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Business Combination (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination |
Schedule of purchase consideration | Total purchase consideration including cash, shares of common stock and contingent consideration was valued at approximately $22.8 million, as follows (in thousands): ​
​ | ​ | ​ | ​
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 the fair value of the VCN Acquisition | ​
​ | ​ | ​ | ​
​ | ​ | 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 liabilities, net | ​ |  | (3,209)
Accounts payable | ​ |  | (522)
Accrued expenses | ​ |  | (113)
Accrued employee benefits | ​ |  | (90)
Loans payable-current | ​ |  | (67)
Other long-term liabilities | ​ |  | (1,570)
​ | ​ | ​ | ​
Total purchase consideration | ​ | $ | 22,809
Schedule of pro forma consolidated financial information | The following unaudited pro forma consolidated financial information summarizes the results of operations for the periods indicated as if the VCN Acquisition had been completed as of January 1, 2022 (in thousands):
​ | ​ | ​ | ​
(in thousands) |  | 2022
Net revenues |  | $ | —
Net loss | ​ | $ | (20,546)

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