Acquisition of Foresight Energy, Ltd. (Tables) - fSight [Member]

12 Months Ended

Dec. 31, 2023

Schedule of Business Acquisitions, by Acquisition [Table]

Summary of Provisional Fair Values of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the provisional fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:

(in thousands)	As previously reported - September 30, 2023		PPA Adjustments			Final - December 31, 2023
Consideration transferred (1):
Fair value of common stock issued	$	10,974	$	—		$	10,974
Fair value of contingent shares		2,167		—			2,167
Deemed settlement of loan payable		527		—			527
Total consideration	$	13,668	$	—		$	13,668
Assets Acquired
Cash and cash equivalents	$	55	$	—		$	55
Accounts receivable		117		—			117
Property and equipment		9		—			9
Developed technology		1,820		—			1,820
Customer relationships		170		—			170
Goodwill		13,079		(870	)		12,209
Total assets acquired	$	15,250	$	(870	)	$	14,380
Liabilities Assumed
Accounts payable	$	418	$	—		$	418
Accrued expenses		294		—			294
Other current liabilities		89		(89	)		—
Other long-term liabilities		781		(781	)		—
Net assets acquired	$	13,668	$	(870	)	$	13,668

(1)The reported provisional amounts presented above have been updated from the Company’s S-1 filed with the SEC on June 22, 2023. The Company recorded an out of period adjustment related to the adjustment of the provisional fair market value of the Legacy Tigo common stock that was used to develop the calculation of the purchase price consideration. The Company does not believe that the adjustment had a material impact on its consolidated statements of operations and comprehensive loss, consolidated balance sheets, or consolidated statements of cash flows in any periods previously reported.

Summary of Supplemental Pro Forma Information

The following table presents supplemental pro-forma information for the years ended December 31 2023 and 2022, as if the merger with fSight had occurred on January 1, 2022. These amounts have been calculated after applying the Company's accounting policies and are based upon currently available information.

	Year Ended December 31,
(in thousands)	2023			2022
Net revenue	$	145,301		$	81,629
Net loss	$	(1,130	)	$	(8,313	)