Business Combination (Tables)

9 Months Ended

Sep. 30, 2022

Business Combinations [Abstract]

Summary of Preliminary Purchase Price Allocation

The preliminary purchase price allocation is as follows (In thousands):

Description	Preliminary Allocation
Common stock exchanged	$	4,055
Fair value of GIGA equity awards		349
Cash consideration paid to existing preferred stockholders		3,794
Total consideration	$	8,198
Identifiable net assets acquired (liabilities assumed)
Cash	$	107
Trade accounts receivables		536
Inventories		5,180
Prepaid expenses		116
Accrued revenue		363
Property and equipment		331
Right-of-use asset		370
Other long-term assets		446
Intangible assets:
Tradename (12 year estimated useful life)		1,040
Developed Technology (8 year estimated useful life)		1,410
Existing customer relationships (15 year estimated useful life)		3,910
Accounts payable		(2,831	)
Loans payable, net of discounts and issuance costs		(1,687	)
Accrued payroll and benefits		(1,488	)
Lease obligations		(491	)
Other current liabilities		(368	)
Other non-current liabilities		(17	)
Net assets acquired		6,927
Goodwill	$	1,271

Summary of Unaudited Pro Forma Financial Information

The following unaudited pro forma consolidated results of information for the three and nine months ended September 30, 2022 have been prepared as if the GIGA transaction had occurred on January 1, 2022 (In thousands):

	Three Months Period Ended September 30, 2022									Nine Months Period Ended September 30, 2022
Description	GWW			GIGA			Total			GWW			GIGA			Total
Revenue	$	6,874		$	909		$	7,783		$	20,621		$	909		$	21,530
Net loss		(796	)		(107	)		(903	)		(3,254	)		(107	)		(3,361	)