BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Summary of consolidated statement of operations includes revenues and net income

These unaudited consolidated pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the acquisitions occurred on January 1, 2020, nor does the information project results for any future period.

	As Reported			Acquisitions Pro-Forma (Unaudited)		Consolidated Pro-Forma (Unaudited)
2021
Revenues	$	62,237		$	21,629	$	83,866
Net (loss) income		(117,320	)		6,377		(110,943	)
2020
Revenues	$	35,160		$	21,525	$	56,685
Net (loss) income		(55,005	)		6,664		(48,341	)

Sinclair Interplanetary [Member]

Estimates Fair Value of Assets Acquired and Liabilities Assumed

The following table presents estimates of the fair value of the assets acquired and the liabilities assumed by the Company in the acquisition:

Description	Amount
Cash and cash equivalents	$	132
Accounts receivable		1,024
Intangible assets, net		10,250
Other current liabilities		(2,494	)
Other assets and liabilities, net		533
Identifiable net assets acquired		9,445
Goodwill		2,895
Total purchase price	$	12,340

Summary of Identifiable Intangible Assets Acquired and Related Expected Lives for the Finite-Lived Intangible Assets

The following is a summary of identifiable intangible assets acquired and the related expected lives for the finite-lived intangible assets:

Type	Estimated Life in Years		Fair Value
Developed technology		7	$	9,200
In-process technology	N/A			100
Customer relationships		3		600
Backlog		0.7		50
Trademark and tradenames		3		100
Non-compete agreement		4		200
Total identifiable intangible assets acquired			$	10,250

Summary of Stock Based Compensation Expense

The following table provides stock-based compensation expense recognized in conjunction with the Sinclair Interplanetary acquisition:

	Years Ended December 31,
Acquisition stock-based compensation	2021		2020
Shares issued in conjunction with the acquisition	$	1,402	$	934
Earnout share achievement		1,630		—
Total stock compensation related to the acquisition	$	3,032	$	934

Advanced Solutions Inc [Member]

Estimates Fair Value of Assets Acquired and Liabilities Assumed

The following table presents estimates of the preliminary fair value of the assets acquired and the liabilities assumed by the Company in the acquisition:

Description	Amount
Cash and cash equivalents	$	2,245
Accounts receivable		1,920
Intangible assets		15,900
Employee benefits payable		(1,310	)
Other assets and liabilities, net		21
Identifiable net assets acquired		18,776
Goodwill		16,659
Total purchase price	$	35,435

Summary of Identifiable Intangible Assets Acquired and Related Expected Lives for the Finite-Lived Intangible Assets

The following is a summary of preliminary identifiable intangible assets acquired and the related expected lives for the finite-lived intangible assets (in thousands):

Type	Estimated Life in Years		Fair Value
Developed technology		7	$	11,400
In-process technology	N/A			300
Customer relationships		10		3,100
Trademark and tradenames		7		1,100
Total identifiable intangible assets acquired			$	15,900

Planetary Systems Corporation [Member]

Estimates Fair Value of Assets Acquired and Liabilities Assumed

The following table presents estimates of the preliminary fair value of the assets acquired and the liabilities assumed by the Company in the acquisition:

Description	Amount
Cash and cash equivalents	$	3,655
Accounts receivable		2,543
Inventories		7,088
Intangible assets		33,000
Employee benefits payable		(1,212	)
Contract liabilities (1)		(5,352	)
Other current liabilities		(1,683	)
Non-current deferred tax liabilities		(6,762	)
Other assets and liabilities, net		1,040
Identifiable net assets acquired		32,317
Goodwill		23,451
Total purchase price	$	55,768

_________________________

(1) Contract liabilities was recorded under ASC 606 in accordance with ASU No. 2021-08; therefore a reduction in contract liabilities related to the estimated fair values of the acquired contract liabilities was not required.

Summary of Identifiable Intangible Assets Acquired and Related Expected Lives for the Finite-Lived Intangible Assets

The following is a summary of preliminary identifiable intangible assets acquired and the related expected lives for the finite-lived intangible assets (in thousands):

Type	Estimated Life in Years		Fair Value
Developed technology		8	$	23,500
In-process technology	N/A			1,500
Customer relationships		15		3,400
Backlog		1		400
Trademark and tradenames		15		4,200
Total identifiable intangible assets acquired			$	33,000