v3.24.1.u1
Acquisition of EMI Solutions (Tables)
3 Months Ended
Dec. 31, 2023
Acquisition of EMI Solutions [Abstract]  
Schedule of Purchase Consideration and Allocation The following table summarizes the amount of the aggregate purchase consideration and the preliminary allocation to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values, of which the valuation of intangible assets is subject to finalization:

Purchase consideration:

 

 

 

 

Contingently redeemable common stock issued to seller

 

$

8,856

 

Cash consideration (at present value)

 

 

2,041

 

   

$

10,897

 

Allocation:

 

 

 

 

Cash

 

$

45

 

Accounts receivable

 

 

387

 

Inventory

 

 

155

 

Other current assets

 

 

7

 

Property and equipment

 

 

107

 

Other assets

 

 

30

 

Intangible asset – customer relationships

 

 

6,100

 

Intangible asset – backlog

 

 

300

 

Intangible asset – trade name

 

 

100

 

Goodwill

 

 

5,542

 

Accounts payable

 

 

(227

)

Accrued expenses

 

 

(263

)

Deferred tax liability

 

 

(1,386

)

   

$

10,897

 

Schedule of Unaudited Pro Forma Revenues and Net Income (Loss) The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of future operations or results had the acquisition occurred on October 1, 2022.
 

Three months ended
December 31,

   

2023

 

2022

Revenues

 

$

1,052

 

$

1,233

 

Net income (loss)

 

 

944

 

 

(9,732

)