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Business Combination (Tables)
12 Months Ended
Dec. 31, 2023
Business Combinations [Abstract]  
Schedule of Purchase Consideration

The purchase consideration consisted of the following:

 

Cash at settlement

 

$

53,000

 

Fair value of contingent consideration

 

 

36,140

 

Total

 

$

89,140

 

 

Schedule of Allocation of Fair Value

The allocation of the fair value of the Acquisition is shown in the table below:

 

 

 

Amounts recognized as of acquisition date (as previously reported)

 

 

Measurement period adjustments (1)

 

 

Purchase price allocation

 

Inventory

 

$

10,601

 

 

$

 

 

$

10,601

 

Other current assets

 

 

3,551

 

 

 

1,587

 

 

 

5,138

 

Intangible asset

 

 

63,800

 

 

 

 

 

 

63,800

 

Goodwill

 

 

11,897

 

 

 

145

 

 

 

12,042

 

Accrued expenses and other current liabilities

 

 

(709

)

 

 

(1,732

)

 

 

(2,441

)

Total

 

$

89,140

 

 

$

 

 

$

89,140

 

(1) The adjustment to goodwill resulted from rebates and returns during the post-acquisition period, which were provisionally recorded as an asset and liability, respectively, as of the acquisition date.

Schedule of Unaudited Pro Forma Summary Presents Consolidated Information

The following unaudited pro forma summary presents consolidated information of the Company, including Sunosi, as if the business combination had occurred on January 1, 2021, the earliest period presented herein:

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

Net revenues

 

$

74,065

 

 

$

51,670

 

Net loss

 

 

(211,571

)

 

 

(283,831

)