v3.25.2
BUSINESS COMBINATION (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
SCHEDULE OF ESTIMATED FAIR VALUE TANGIBLE AND IDENTIFIABLE INTANGIBLE ASSETS ACQUIRED AND LIABILITIES

The following table summarizes the estimated fair values of the consideration, the tangible and identifiable intangible assets acquired, and liabilities assumed (in thousands):

 

     
Consideration:    
Cash  $6,000 
Unregistered common stock   1,304 
Contingent earn-out payable   1,400 
Total fair value of consideration transferred  $8,704 
      
Identifiable assets acquired and liabilities assumed:     
Cash  $864 
Accounts receivable   934 
Prepaid expenses and other assets   51 
Property and equipment   1,322 
Operating lease right-of-use assets   2,378 
Intangible assets   1,900 
Operating lease liabilities   

(1,990

)
Liabilities assumed   (2,362)
Net identifiable assets acquired  $

3,097

 
Goodwill   5,607 
Net assets acquired  $8,704 
SCHEDULE OF PRO FORMA INFORMATION

 

   2025   2024   2025   2024 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2025   2024   2025   2024 
(unaudited)                
Net Revenue  $5,666   $5,849   $11,009   $11,055 
Net Loss  $(5,204)  $(2,012)  $(9,673)  $(5,968)