Business Combination (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of Consideration Paid in Business Acquisition

The following table summarizes the consideration paid for Lyte and the estimated fair values of the aggregate assets and liabilities acquired, at the acquisition date:

	Fair Value
Assets acquired
Cash	$	4
Inventory	1,687
Intangible assets	3,340
Total assets acquired	5,031
Liabilities assumed
Deferred revenue	1,369
Total liabilities assumed	1,369
Net assets acquired	3,662
Consideration:
Cash	3,980
Acquisition and earn-out payable (subject to fair value adjustments)	6,619
Total consideration	10,599
Goodwill	$	6,937

Summary of Unaudited Pro Forma Financial Information

The following table summarizes the unaudited pro forma condensed financial information of Phunware, Inc for the year ended December 31, 2021 as if the acquisition of Lyte had occurred on January 1, 2020:

	Year Ended December 31,
	2021		2020
(in thousands)	(unaudited)
Net revenues	$	18,175	$	15,581
Net loss	(53,935)		(22,922)