Quarterly report [Sections 13 or 15(d)]

BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)

v3.25.1
BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)
3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Allocation of Business Acquisition A summary of the preliminary allocation of the FSC Consideration to the acquired and identifiable intangible assets is as follows (in thousands):
Fair value of consideration transferred:
Release of FSC obligation to the Company under the Omnibus Agreement $ 11,401 
Less cash acquired (231)
    Total fair value of consideration $ 11,170 
Fair value of assets acquired and (liabilities assumed):
Current assets, net of cash acquired $ 4,136 
Property and equipment 1,568 
Intangible assets:
Tradename and trademarks 1,200 
Customer base 2,800 
Goodwill 3,670 
 Other assets 48 
Current liabilities (2,252)
Fair value of net assets acquired $ 11,170 
Schedule of Pro Forma Information These unaudited pro forma results for the three months ended March 31, 2025 and 2024 are as follows (in thousands):
Three months ended
March 31,
2025 2024
(unaudited)
Revenue $ 39,333  $ 40,908 
Net loss $ (9,481) $ (1,676)