Acquisitions (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Estimated Fair Value of Assets Acquires and Liabilities Assumed

(in thousands)	July 31, 2024
	(Unaudited)
Assets acquired:
Current assets
Cash	$	108
Accounts receivable, net of allowance of $19		698
Inventories, net		1,202
Prepaid expenses and other current assets		16
Total current assets		2,024
Property and equipment		825
Goodwill		4,494
Intangible assets		8,340
Total assets acquired	$	15,683
Liabilities assumed:
Current liabilities
Accounts payable	$	1,765
Accrued liabilities		41
Total liabilities assumed	$	1,806
Net assets acquired	$	13,877

Schedule of Consolidated Statement of Earning

(in thousands)	(Unaudited)
Revenue	$	643
Net income (loss)	$	(1,195	)

Schedule of Intangible Assets Related to Acquisition

The intangible assets related to the acquisition consisted of the following:

Unaudited	Fair Value (in thousands)		Amortization Period (in years)
Intangible assets subject to amortization:
Developed Technology		7,610		8.0
Customer Relationships		310		10.0
Trademark		420		5.0
Total intangible assets subject to amortization		8,340
Intangible assets not subject to amortization
Goodwill		4,494		N/A
Total intangible assets not subject to amortization		4,494
Total intangible assets		12,834
Weighted average amortization period				7.9