v3.25.2
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents the allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed as of the Merger Date:

Cash and cash equivalents$272 
Accounts receivable510 
Prepaid expenses and other current assets334 
Property and equipment, net12 
Other assets59 
Intangible assets, net25,500 
Operating lease right-of-use assets854 
Accounts payable and accrued expenses(1,147)
Deferred revenue(1,609)
Operating lease liability(854)
Fair value of net assets acquired23,931 
Goodwill (1)
12,926 
Aggregate purchase price$36,857 
(1)The goodwill recorded relating to the Merger is the excess of the fair value of the consideration transferred by the acquirer over the fair value of the net identifiable assets acquired and liabilities assumed at the Merger Date, and represents future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The goodwill recorded is not deductible for tax purposes.
Schedule of Fair Values and Useful Lives of the Acquired Intangible Assets
The following table reflects the fair values and useful lives of the acquired intangible assets identified based on the Company’s preliminary purchase accounting assessments:
May 5, 2025June 30, 2025Life (in Years)
Trade names and trademarks$4,500 $4,450 15
Developed technology14,900 14,624 9
Customer relationships6,100 6,027 14
$25,500 $25,101 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of June 30, 2025:
2025 (remainder of year)$1,196 
20262,391 
20272,391 
20282,391 
20292,391 
Thereafter14,341 
Total estimated future amortization expense$25,101 
Schedule of Pro Forma Financial Information
The following table provides unaudited pro forma financial information for the three and six months ended June 30, 2025 and 2024 as if the Merger had occurred as of January 1, 2024:

Three months ended June 30,Six months ended June 30,
2025202420252024
Pro forma revenues$103,183 $72,079 $191,577 $135,849 
Pro forma net income (loss)11,112 (31,402)2,621 (53,972)