BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring Cost and Reserve [Line Items]

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, 2021, nor does the information project results for any future period.

	As Reported			Acquisitions Pro-Forma (Unaudited)			Consolidated Pro-Forma (Unaudited)
Three Months Ended September 30, 2022
Revenues	$	63,057		$	—		$	63,057
Net loss		(34,610	)		—			(34,610	)
Three Months Ended September 30, 2021
Revenues	$	5,287		$	28,374		$	33,661
Net loss		(87,969	)		(560	)		(88,529	)
Nine Months Ended September 30, 2022
Revenues	$	159,234		$	2,454		$	161,688
Net loss		(98,736	)		(1,062	)		(99,798	)
Nine Months Ended September 30, 2021
Revenues	$	34,759		$	81,218		$	115,977
Net loss		(120,516	)		(3,078	)		(123,594	)

Advanced Solutions Inc [Member]

Restructuring Cost and Reserve [Line Items]

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:

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]

Restructuring Cost and Reserve [Line Items]

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)		(5,278	)
Other current liabilities		(313	)
Non-current deferred tax liabilities		(6,735	)
Other assets and liabilities, net		996
Identifiable net assets acquired		33,744
Goodwill		23,776
Total purchase price	$	57,520

_________________________

(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:

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

SolAero Holdings, Inc [Member]

Restructuring Cost and Reserve [Line Items]

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	$	7,815
Accounts receivable		12,322
Inventories		19,614
Prepaids and other current assets		3,536
Property, plant and equipment		24,948
Intangible assets		33,600
Right-of-use assets - operating leases		1,128
Right-of-use assets - finance leases		16,174
Restricted cash		3,293
Trade payables		(9,893	)
Accrued expenses		(8,297	)
Contract liabilities (1)		(26,464	)
Non-current operating lease liabilities		(1,128	)
Non-current finance lease liabilities		(15,874	)
Other assets and liabilities, net		(889	)
Identifiable net assets acquired		59,885
Goodwill		16,296
Total purchase price	$	76,181

_________________________

(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:

Type	Estimated Life in Years	Fair Value
Developed technology	13	$	10,700
In-process technology	N/A		800
Capitalized software	3		5,400
Customer relationships	12		9,000
Trademark and tradenames	12		4,700
Backlog	2		3,000
Total identifiable intangible assets acquired		$	33,600