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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2022
Business Acquisition [Line Items]  
Schedule of proforma financial information is based on the historical financial statements

The following unaudited pro forma financial information is based on the historical financial statements of the Company and presents the Company’s results as if the acquisitions of EnvisionTEC, Adaptive 3D, Aerosint, Dental Arts Labs, A.I.D.R.O., Brewer Dental, May Dental, and ExOne had occurred on January 1, 2020 (in thousands):

​

​

​

​

​

​

​

​

​

Year Ended December 31,

​

​

2021

    

2020

​

​

(unaudited)

​

(unaudited)

Net revenues

​

$

207,688

​

$

164,947

Net income (loss)

​

$

(273,319)

​

$

(138,346)

​

Schedule of reconciliation of business combination to Statement of Cash Flows and Statement of Changes in Equity

​

​

​

​

​

​

​

Recapitalization

Cash – Trine's trust and cash (net of redemptions)

​

$

305,084,695

Cash – PIPE financing

​

 

274,975,000

Less: transaction costs and advisory fees paid

​

 

(45,463,074)

Net proceeds from reverse recapitalization

​

 

534,596,621

Plus: non-cash net liabilities assumed1

​

 

(152,394,714)

Less: accrued transaction costs and advisory fees

​

 

(1,900,793)

Net contributions from reverse recapitalization

​

$

380,301,114

​

Schedule of number of shares issued on consummation of business combination

​

​

​

​

​

​

​

Number of Shares

Common stock, outstanding prior to Business Combination

​

​

30,015,000

Less: redemption of Trine shares

​

 

(26,049)

Common stock of Trine

​

 

29,988,951

Trine Founder Shares

​

 

5,552,812

Trine Director Shares

​

 

100,000

Shares issued in PIPE financing

​

​

27,497,500

Business Combination and PIPE financing shares

​

​

63,139,263

Legacy Desktop Metal shares (1)

​

 

161,487,334

Total shares of common stock immediately after Business Combination

​

 

224,626,597

(1) The number of Legacy Desktop Metal shares was determined from the shares of Legacy Desktop Metal shares outstanding immediately prior to the closing of the Business Combination converted at the Exchange Ratio of 1.22122. All fractional shares were rounded down.

EnvisionTEC  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

143,795

Equity consideration

​

​

159,847

Total consideration transferred

​

$

303,642

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At February 16, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

859

Restricted cash

​

​

5,004

Accounts receivable

​

​

2,982

Inventory

​

​

7,668

Prepaid expenses and other current assets

​

​

1,081

Restricted cash - noncurrent

​

​

285

Property and equipment

​

​

1,540

Intangible assets

​

​

137,300

Other noncurrent assets

​

​

1,801

Total assets acquired

​

$

158,520

Liabilities assumed:

​

​

​

Accounts payable

​

$

1,442

Customer deposits

​

​

2,460

Current portion of lease liability

​

​

605

Accrued expenses and other current liabilities

​

​

13,706

Liability for income taxes

​

​

480

Deferred revenue

​

​

492

Current portion of long-term debt

​

​

898

Long-term debt

​

​

285

Deferred tax liability

​

​

29,009

Lease liability, net of current portion

​

​

1,189

Total liabilities assumed

​

$

50,566

Net assets acquired

​

$

107,954

​

​

​

​

Goodwill

​

$

195,688

Total net assets acquired

​

$

303,642

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Acquired technology

​

$

77,800

​

7 – 14 years

Trade name

​

​

8,600

​

14 years

Customer relationships

​

​

50,900

​

12 years

Total intangible assets

​

$

137,300

​

​

​

Adaptive 3D Technologies Inc  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

24,083

Equity consideration

​

​

37,693

Total consideration transferred

​

$

61,776

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At May 7, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

2,852

Accounts receivable

​

​

504

Inventory

​

​

305

Prepaid expenses and other current assets

​

​

462

Property and equipment

​

​

558

Intangible assets

​

​

27,300

Other noncurrent assets

​

​

654

Total assets acquired

​

$

32,635

Liabilities assumed:

​

​

​

Accounts payable

​

$

280

Current portion of lease liability

​

​

151

Accrued expenses and other current liabilities

​

​

100

PPP loan payable

​

​

311

Deferred revenue

​

​

12

Lease liability, net of current portion

​

​

502

Deferred tax liability

​

​

4,616

Total liabilities assumed

​

$

5,972

Net assets acquired

​

$

26,663

​

​

​

​

Goodwill

​

$

35,113

Total net assets acquired

​

$

61,776

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Acquired technology

​

$

27,000

​

14 years

Trade name

​

​

300

​

5 years

Total intangible assets

​

$

27,300

​

​

​

Aerosint  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

6,220

Equity consideration

​

​

11,448

Contingent consideration

​

​

6,083

Total consideration transferred

​

$

23,751

Schedule of estimated fair values of assets acquired and liabilities assumed

​

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

6,220

Equity consideration

​

​

11,448

Contingent consideration

​

​

6,083

Total consideration transferred

​

$

23,751

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Acquired technology

​

$

11,547

​

11.5 years

Trade name

​

​

179

​

4.5 years

Total intangible assets

​

$

11,726

​

​

​

Dental Arts Labs  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

26,042

Total consideration transferred

​

$

26,042

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At July 30, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

858

Accounts receivable

​

​

3,707

Inventory

​

​

2,438

Prepaid expenses and other current assets

​

​

3,853

Property and equipment

​

​

8,643

Intangible assets

​

​

5,000

Other noncurrent assets

​

​

4,636

Total assets acquired

​

$

29,135

Liabilities assumed:

​

​

​

Accounts payable

​

$

1,949

Current portion of lease liability

​

​

535

Accrued expenses and other current liabilities

​

​

1,795

Current portion of long‑term debt

​

​

3,888

Long‑term debt

​

​

3

Lease liability, net of current portion

​

​

3,762

Total liabilities assumed

​

$

11,932

Net assets acquired

​

$

17,203

​

​

​

​

Goodwill

​

$

8,839

Total net assets acquired

​

$

26,042

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Trade name

​

$

1,300

​

8.5 years

Customer relationships

​

​

3,700

​

9.5 years

Total intangible assets

​

$

5,000

​

​

​

AIDRO  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

5,683

Total consideration transferred

​

$

5,683

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At September 7, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

855

Accounts receivable

​

​

966

Inventory

​

​

906

Prepaid expenses and other current assets

​

​

412

Property and equipment

​

​

691

Intangible assets

​

​

1,080

Other noncurrent assets

​

​

1,100

Total assets acquired

​

$

6,010

Liabilities assumed:

​

​

​

Accounts payable

​

$

1,307

Current portion of lease liability

​

​

72

Accrued expenses and other current liabilities

​

​

508

Current portion of long-term debt, net of deferred financing costs

​

​

138

Long‑term debt

​

​

764

Lease liability, net of current portion

​

​

750

Deferred tax liability

​

​

75

Other noncurrent liabilities

​

​

228

Total liabilities assumed

​

$

3,842

Net assets acquired

​

$

2,168

​

​

​

​

Goodwill

​

$

3,515

Total net assets acquired

​

$

5,683

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Trade name

​

$

142

​

4 years

Customer relationships

​

​

938

​

15 years

Total intangible assets

​

$

1,080

​

​

​

Larry Brewer Dental Lab, Inc  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

7,613

Total consideration transferred

​

$

7,613

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At October 14, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

1,574

Accounts receivable

​

​

524

Inventory

​

​

226

Property and equipment

​

​

375

Intangible assets

​

​

2,630

Other noncurrent assets

​

​

706

Total assets acquired

​

$

6,035

Liabilities assumed:

​

​

​

Accounts payable

​

$

34

Current portion of lease liability

​

​

87

Accrued expenses and other current liabilities

​

​

145

Lease liability, net of current portion

​

​

619

Total liabilities assumed

​

$

885

Net assets acquired

​

$

5,150

​

​

​

​

Goodwill

​

$

2,463

Total net assets acquired

​

$

7,613

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Trade name

​

$

230

​

8 years

Customer relationships

​

​

2,400

​

8 years

Total intangible assets

​

$

2,630

​

​

May Dental Lab, Inc.  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

12,522

Total consideration transferred

​

$

12,522

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At October 29, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

230

Accounts receivable

​

​

677

Inventory

​

​

343

Prepaid expenses and other current assets

​

​

98

Property and equipment

​

​

495

Intangible assets

​

​

4,340

Other noncurrent assets

​

​

1,416

Total assets acquired

​

$

7,599

Liabilities assumed:

​

​

​

Accounts payable

​

$

209

Current portion of lease liability

​

​

201

Accrued expenses and other current liabilities

​

​

255

Lease liability, net of current portion

​

​

1,216

Total liabilities assumed

​

$

1,881

Net assets acquired

​

$

5,718

​

​

​

​

Goodwill

​

$

6,804

Total net assets acquired

​

$

12,522

​

Schedule of estimated useful life of identifiable intangible assets acquired

​

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Trade name

​

$

3,900

​

9 years

Customer relationships

​

​

440

​

10 years

Total intangible assets

​

$

4,340

​

​

​

ExOne Company  
Business Acquisition [Line Items]  
Schedule of acquisition date fair value of the consideration transferred

The acquisition date fair value of the consideration transferred is as follows (in thousands):

​

​

​

​

​

​

Total Acquisition Date Fair Value

Cash consideration

​

$

201,399

Equity consideration

​

​

411,603

Total consideration transferred

​

$

613,002

​

Schedule of estimated fair values of assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed (in thousands):

​

​

​

​

​

​

At November 12, 2021

Assets acquired:

​

​

​

Cash and cash equivalents

​

$

119,068

Restricted cash - current

​

​

3,007

Accounts receivable

​

​

13,611

Inventory

​

​

27,200

Prepaid expenses and other current assets

​

​

5,165

Property and equipment

​

​

33,991

Intangible assets

​

​

82,100

Other noncurrent assets

​

​

2,734

Total assets acquired

​

$

286,876

Liabilities assumed:

​

​

​

Accounts payable

​

$

5,830

Accrued expenses and other current liabilities

​

​

10,368

Current portion of deferred revenue

​

​

15,331

Customer deposits

​

​

10,168

Current portion of operating lease liability

​

​

1,919

Deferred tax liability

​

​

3,465

Lease liability, net of current portion

​

​

332

Deferred revenue, net of current portion

​

​

147

Other noncurrent liabilities

​

​

321

Total liabilities assumed

​

$

47,881

Net assets acquired

​

$

238,995

​

​

​

​

Goodwill

​

$

374,007

Total net assets acquired

​

$

613,002

​

Schedule of estimated useful life of identifiable intangible assets acquired

The estimated useful lives of the identifiable intangible assets acquired is as follows:

​

​

​

​

​

​

​

​

Gross Value

​

Estimated Life

Developed Technology

​

$

72,900

​

8 years

Trade name

​

​

1,300

​

4 years

Customer relationships

​

​

7,900

​

12 years

Total intangible assets

​

$

82,100

​

​