BUSINESS COMBINATION (Tables)
|
9 Months Ended |
12 Months Ended |
Sep. 30, 2024 |
Dec. 31, 2023 |
| Business Combinations [Abstract] |
|
|
| Schedule of total consideration |
|
The total consideration
transferred is as follows (in thousands): |
|
|
|
|
Cash
|
|
$
|
18,493
|
|
|
Earnout payments
|
|
$
|
3,607
|
|
|
Total consideration
|
|
$
|
22,100
|
|
|
|
Cash
|
|
$
|
18,493
|
|
|
Earnout
payments |
|
$
|
3,607
|
|
|
Total
consideration |
|
$
|
22,100
|
|
|
| Schedule of preliminary fair value of assets acquired and liabilities |
|
Cash and cash equivalent
|
|
$
|
478
|
|
|
Restricted cash
|
|
|
51
|
|
|
Accounts receivable
|
|
|
1,773
|
|
|
Inventory
|
|
|
3,330
|
|
|
Prepaid expenses and
other current assets |
|
|
470
|
|
|
Right of use asset
|
|
|
1,151
|
|
|
Property and equipment,
net |
|
|
827
|
|
|
Other non-current assets
|
|
|
30
|
|
|
Goodwill
|
|
|
7,538
|
|
|
Intangible assets
|
|
|
14,133
|
|
|
Accounts payable
|
|
|
(2,082
|
)
|
|
Accrued compensation
|
|
|
(766
|
)
|
|
Other accrued liabilities
|
|
|
(1,059
|
)
|
|
Deferred revenue
|
|
|
(2,088
|
)
|
|
Warranty Obligations
|
|
|
(535
|
)
|
|
Leases Liability
|
|
|
(1,151
|
)
|
|
Total purchase consideration
|
|
$
|
22,100
|
|
|
|
Cash
and cash equivalent |
|
$
|
478
|
|
|
Restricted
cash |
|
|
51
|
|
|
Accounts
receivable |
|
|
1,773
|
|
|
Inventory
|
|
|
3,330
|
|
|
Prepaid
expenses and other current assets |
|
|
470
|
|
|
Right
of use asset |
|
|
1,151
|
|
|
Property
and equipment, net |
|
|
827
|
|
|
Other
non-current assets |
|
|
30
|
|
|
Goodwill
|
|
|
7,538
|
|
|
Intangible
assets |
|
|
14,133
|
|
|
Accounts
payable |
|
|
(2,082
|
)
|
|
Accrued
compensation |
|
|
(766
|
)
|
|
Other
accrued liabilities |
|
|
(1,059
|
)
|
|
Deferred
revenue |
|
|
(2,088
|
)
|
|
Warranty
Obligations |
|
|
(535
|
)
|
|
Leases
Liability |
|
|
(1,151
|
)
|
|
Total
purchase consideration |
|
$
|
22,100
|
|
|
| Schedule of intangible assets acquired |
| |
|
Estimated
Fair
Value |
|
|
Estimated
Useful
Life
(Years)
|
|
| |
|
|
|
|
|
Trademark
|
|
$
|
795
|
|
|
|
3
|
|
|
Technology
|
|
|
6,161
|
|
|
|
4
|
|
|
Customer relationship
- Warranty |
|
|
201
|
|
|
|
2
|
|
|
Customer relationship
- Rental |
|
|
2,102
|
|
|
|
4
|
|
|
Customer relationship
- Distribution |
|
|
4,578
|
|
|
|
5
|
|
|
Backlog
|
|
|
296
|
|
|
|
1
|
|
|
| |
|
Estimated
|
|
|
Estimated Useful Life
|
|
| |
|
Fair Value
|
|
|
(Years)
|
|
|
Trademark
|
|
$
|
795
|
|
|
|
3
|
|
|
Technology
|
|
|
6,161
|
|
|
|
4
|
|
|
Customer
relationship - Warranty |
|
|
201
|
|
|
|
2
|
|
|
Customer
relationship - Rental |
|
|
2,102
|
|
|
|
4
|
|
|
Customer
relationship - Distribution |
|
|
4,578
|
|
|
|
5
|
|
|
Backlog
|
|
|
296
|
|
|
|
1
|
|
|
| Schedule of pro forma revenue and earnings |
|
| |
|
Twelve
Months Ended
December
31, |
|
| |
|
2023
|
|
|
2022
|
|
|
Revenues
|
|
|
24,923
|
|
|
|
25,307
|
|
|
Net
loss |
|
|
(21,761
|
)
|
|
|
(28,369
|
)
|
|