Acquisitions (Tables)

3 Months Ended

Mar. 31, 2025

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

Schedule of Estimated Fair Value of Assets Acquires and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed for APT as of the acquisition date (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

	Three Months Ended March 31, 2025
(in thousands)	(Unaudited)
Revenue	$	1,456
Net loss	$	(738	)

Schedule of Intangible Assets Related to Acquisition

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

	Fair Value		Amortization Period
	(in thousands)		(in years)
Intangible assets subject to amortization:
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
Weighted average amortization period				7.7
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