Basis of Presentation (Tables)

9 Months Ended

Sep. 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					Nine Months Ended
	September 30,					September 30,
	2021			2020		2021			2020
Total Revenues	$	4,858		$	2,051	$	18,796		$	7,201
Net Income (Loss)		(3,462	)		178		(2,928	)		(1,725	)
Net Income (Loss) per share - basic and diluted		(0.022	)		0.002		(0.022	)		(0.023	)
Weighted Average Shares Outstanding - basic and diluted		159,448,204			80,173,864		132,056,012			73,534,362
Supplemental Pro forma Information (a)
Merger charges		-			-		22,004			-
Restructuring fee		-			-		2,000			-
Transaction costs - Accounting acquirer and acquiree		-			-		3,093			-
Total Nonrecurring Pro forma Adjustments		-			-		27,097			-