Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of fair value of the identified assets acquired and liabilities

(In thousands of dollars)	Reverse Acquisition Fair Value			Sysorex Recapitalization Fair Value			Aggregate Fair Value
Cash	$	28		$	-		$	28
Accounts receivable		4,673			-			4,673
Prepaid assets and other current assets		2,551			(1,289	)		1,262
Property and equipment		7			-			7
Goodwill		1,634			-			1,634
Customer Relationships Intangible		1,900			-			1,900
Tradename Intangible		1,060			-			1,060
Other assets		29			-			29
Accounts payable		(10,437	)		519			(9,918	)
Accrued liabilities		(2,722	)		1,589			(1,133	)
Deferred revenue		(590	)		-			(590	)
Short term debt		(7,136	)		3,871			(3,265	)
Long term debt		(12,711	)		12,711			-
Other liabilities		(9	)		-			(9	)
Fair value allocated to net assets / (liabilities)	$	(21,723	)	$	17,401		$	(4,322	)
Fair value of consideration and recapitalization equity	$	281		$	19,401		$	19,682
Merger charges		(22,004	)		-			(22,004	)
Debt restructuring fees		-			(2,000	)		(2,000	)
Net Sysorex equity and charges to income (loss)	$	(21,723	)	$	17,401		$	(4,322	)

Schedule of unaudited proforma results of operations

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2021		2020			2021		2020
Total Revenues	$	10,513	$	2,604		$	13,937	$	5,150
Net Income (Loss)		406		(943	)		535		(1,905	)
Net Income (Loss) per share - basic and diluted		0.003		(0.014	)		0.005		(0.027	)
Weighted Average Shares Outstanding - basic and diluted		153,096,881		69,720,300			118,068,397		69,720,300
Supplemental Pro forma Information (a)
Merger charges		22,004		-			22,004		-
Restructuring fee		2,000		-			2,000		-
Transaction costs - Accounting acquirer and acquiree		3,093		-			3,093		-
Total Nonrecurring Pro forma Adjustments		27,097		-			27,097		-