XML 40 R29.htm IDEA: XBRL DOCUMENT

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent events	Subsequent Events Credit Agreement On October 24, 2024, the Company signed a maximum credit agreement with Bank of China, Wuxi Branch, for 37 million Chinese renminbi (approximately US $5.2 million). This credit is collateralized by the Cytek Wuxi's cash deposit to the bank. The 37 million Chinese renminbi (approximately US $5.2 million) can be borrowed, as needed, as a short-term loan for normal business operation requirements. The line of credit is available from October 24, 2024 to September 22, 2025. Acquisition On October 28, 2024, the Company completed the acquisition of substantially all of the assets of Cytometric Engineering Ltd. (d.b.a. FlowCEL) for a purchase price of $1.3 million. The acquisition included certain receivables, inventory assets, services contracts, and two rental facilities. The acquisition was accounted for as a business acquisition in accordance with ASC 805.