Business Combination (Tables) - FGen [Member]

6 Months Ended

Jun. 30, 2023

Business Acquisition [Line Items]

Summary of Acquisition Date Fair Value of the Consideration Transferred

The consideration paid was comprised of common stock and contingent consideration as follows (in thousands):

Fair value of Class A common stock	$	17,015
Fair value of contingent consideration - restricted stock		3,842
Fair value of contingent consideration - milestones		8,464
Total FGen consideration	$	29,321

Fair Values of Assets Acquired and Liabilities Assumed

The following table presents the final allocation of the purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):

	Preliminary Allocation			Measurement Period Adjustment (3)			Final Allocation
Cash and cash equivalents	$	1,430		$			$	1,430
Accounts receivable		144			—			144
Other non-current assets		10			—			10
Property and equipment		146			(112	)		34
Intangible assets (1)		21,100			—			21,100
Goodwill (2)		11,001			(386	)		10,615
Accounts payable and accrued expenses		(29	)		—			(29	)
Deferred revenue		(104	)		—			(104	)
Deferred tax liability		(4,377	)		498			(3,879	)
Net assets acquired	$	29,321		$	—		$	29,321

(1) Estimated useful life of 15 years.

(2) Non-deductible for tax purposes.

(3) Represents adjustments related to tangible assets acquired and estimated tax liabilities with a corresponding net decrease to goodwill.