Business Combination (Tables)

9 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Schedule of Business Combination

The following table summarizes the fair value of the purchase price to acquire Aarki:

Description	Amount
Cash	$	95,296
Common stock issued (1)	67,051
Total purchase price	$	162,347

_______________

(1) The fair value of the Skillz Class A Common Stock issued in the merger is based on 4,401,663 shares issued on the         July 16, 2021 acquisition date at the closing price of the Company’s common stock on such date of $15.23 per share.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following is an allocation of the purchase price as of July 16, 2021, the acquisition closing date, based on an estimate of the fair value of the assets acquired and liabilities assumed by the Company in the acquisition:

Description	Amount
Cash and cash equivalents	$	11,309
Accounts receivable, net	13,700
Prepaid expenses and other current assets	356
Property, plant and equipment, net	5,075
Intangible assets, net	86,800
Other long-term assets	91
Accounts payable	(445)
Accrued professional fees	(3,145)
Other current liabilities	(16,471)
Deferred tax liabilities	(20,460)
Other long-term liabilities	(1,693)
Identifiable net assets acquired	75,117
Goodwill	87,230
Total purchase price	$	162,347

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following is a summary of identifiable intangible assets acquired and their expected lives:

Type	Weighted-average useful life (in years)	Fair Value
Developed technology	8	$	60,400
Customer relationships	3	26,200
Trademark and trade name	0.3	200
Total identifiable intangible assets acquired		$	86,800

Schedule of Pro-Forma Financial Information

The table below presents the pro forma revenue and net loss of the Company for the three and nine ended September 30, 2021 and 2020. These pro forma results were based on estimates and assumptions, which the Company believes are reasonable. The pro forma results include adjustments primarily related to purchase accounting adjustments, acquisition costs and other non-recurring charges incurred which are included in the earliest period presented.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenue	$	103,416	$	67,003	$	290,420	$	183,440
Net loss	$	38,684	$	(44,898)	$	(97,557)	$	(77,291)