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Acquisitions (Tables)
12 Months Ended
Dec. 31, 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  
       
Assets acquired:        
Current assets        
Cash   $ 108  
Accounts receivable, net of allowance of $19     693  
Inventories, net     1,607  
Prepaid expenses and other current assets     1  
Total current assets     2,409  
Property and equipment     825  
Goodwill     3,764  
Intangible assets     7,740  
Total assets acquired   $ 14,738  
Liabilities assumed:        
Current liabilities        
Accounts payable   $ 1,723  
Accrued liabilities     49  
Total liabilities assumed   $ 1,772  
Net assets acquired   $ 12,966  
Schedule of Consolidated Statement of Earning

 

(in thousands)      
    Year Ended December 31,  
    2024  
Revenue   $ 1,942  
Net loss     (2,858 )
Schedule of Intangible Assets Related to Acquisition

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

 

(in thousands)   Fair Value     Amortization Period  
Intangible assets subject to amortization:   (in thousands)     (in years)  
Developed technology   $ 6,250       7.0 - 8.0  
Customer relationships     310       10.0  
Trademark     410       5.0  
Total intangible assets subject to amortization   $ 6,970          
Intangible assets not subject to amortization                
In process research and development     770        N/A  
Goodwill   $ 3,764        N/A  
Total intangible assets not subject to amortization     4,534          
Total intangible assets   $ 11,504          
Weighted average amortization period             7.7