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Fathom OpCo Predecessor Period Acquisitions (Tables) - Summit [Member]
3 Months Ended
Mar. 31, 2022
Business Acquisition [Line Items]  
Schedule of fair value of the total purchase consideration transferred

The transaction was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification ("ASC") 805 - Business Combinations and the fair value of the total purchase consideration transferred consisted of the following:

 

Consideration

 

Total

 

Cash

 

$

10,875

 

Fair value of total consideration transferred

 

$

10,875

 

 

Schedule of fair values of the assets and liabilities

The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the acquisition of Summit:

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

Total

 

Cash

 

$

40

 

Accounts receivable, net

 

 

627

 

Inventory

 

 

339

 

Property and equipment, net

 

 

4,371

 

Intangible assets

 

 

5,000

 

Total assets acquired

 

 

10,377

 

Accounts payable

 

 

40

 

Deferred revenue

 

 

776

 

Other current liabilities

 

 

1,418

 

Total liabilities assumed

 

 

2,234

 

Total identifiable net assets

 

 

8,143

 

Goodwill

 

$

2,732

 

Summary of the intangible assets acquired in the acquisition

Below is a summary of the intangible assets acquired in the acquisition:

 

 

 

Acquisition Date Fair Value

 

 

Estimated Life (Years)

Trade name

 

$

400

 

 

5

Customer relationships

 

 

4,600

 

 

11

 

 

$

5,000

 

 

 

Summary of Revenue and Net (Loss) Income Since Acquisition

The amounts of revenue and net loss of Summit since the acquisition date included in the consolidated statements of comprehensive loss for the 2021 Predecessor Period are as follows:

 

 

 

Period From January 1 - March 31, 2021 (Predecessor)

 

Revenue

 

$

1,175

 

Net (loss)

 

$

(1,271

)