Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.22.1
Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Schedule of Intangible Assets Acquisition

The intangible assets preliminarily identified in conjunction with the Nebula Acquisition are as follows (in thousands):

 

          Estimated Useful  
    Gross Carrying Value     Life (in years)  
Trade names   $ 5,550       15  
Proprietary intellectual property     4,260       5  
Customer relationships     1,180       1  
Total   $ 10,990          
Schedule of Pro-forma Results

The following table summarizes, on a pro forma basis, the combined results of the Company as though the Nebula Acquisition had occurred as of January 1, 2020. These pro forma results are not necessarily indicative of the actual consolidated results had the acquisition occurred as of that date or of the future consolidated operating results for any period. Pro forma results are (in thousands):
 

    December 31, 2021     December 31, 2020  
    For the years ended  
    December 31, 2021     December 31, 2020  
Revenue, net   $ 81,164     $ 15,560  
Net loss   $ 6,135     $ (3,682 )
Nebula Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

 

Account   Amount  
Short term investments   $ 1,800  
Accounts receivable     222  
Inventory     82  
Prepaid and other current assets     379  
Definite-lived intangible assets     10,990  
Total assets acquired     13,473  
Accounts payable     (805 )
Accrued expenses and other current liabilities     (43 )
Deferred revenue     (2,391 )
Note payable     (81 )
Deferred tax liability     (1,925 )
Total liabilities assumed     (5,245 )
Net identifiable assets acquired     8,228  
Goodwill     4,446  
Total consideration, net of cash acquired (1)   $ 12,674  

 

(1) Net of $1.6 million cash acquired and $0.3 million anticipated amounts due back to the Company from the escrow account.
CPM acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

 

       
Account   Amount  
Clinical lab material   $ 180  
Lab equipment     112  
Definite-lived intangible asset     1,307  
Total assets acquired     1,599  
Deferred tax liability     (362 )
Total liabilities assumed     (362 )
Net identifiable assets acquired     1,237  
Goodwill     1,263  
Total consideration   $ 2,500