v3.26.1
BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination [Line Items]  
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

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

 

   Purchase Price Allocation 
Purchase Consideration:     
Cash (net of cash acquired of $43)  $207 
Common stock consideration   1,151 
Earn-out liabilities   2,194 
      
Total Purchase Consideration  $3,552 
      
Less:     
Trade names  $162 
Customer relationships   6 
Developed technology   1,541 
Property and equipment   6 
Non-compete agreements   62 
Note payable-related party   (114)
Net working capital   147 
      
Fair Value of Identified Net Assets  $1,810 
      
Remaining Goodwill Value  $1,742 

 

The components of net working capital are as follows:

 

   Purchase Price Allocation 
Current assets:     
Accounts receivable   176 
Inventory   119 
Other current assets   6 
      
Total current assets  $301 
      
Less current liabilities:     
Accounts payable  $123 
Accrued expenses   24 
Deferred revenue   7 
      
Total current liabilities  $154 
      
Net working capital  $147 

 
Envoy Technologies, Inc. [Member]  
Business Combination [Line Items]  
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED

 

   Purchase Price Allocation 
Purchase Consideration:     
Cash  $6,000 
Deferred cash consideration   6,782 
Common stock   18,118 
      
Total Purchase Consideration  $30,900 
      
Less:     
Trade name  $166 
Customer relationships   1,925 
Internally developed technology   175 
Non-compete agreements   11 
Property and equipment   1,802 
Other assets   52 
Notes payable- non current portion   (24)
Lease liability- non current portion   (1,730)
Debt-free net working capital deficit   (1,595)
      
Fair Value of Identified Net Assets  $782 
      
Remaining Unidentified Goodwill Value  $30,118 

 The components of debt free net working capital deficit are as follows:

 

   Purchase Price Allocation 
Current assets:     
Cash  $19 
Accounts receivable   391 
Prepaid expenses and other current assets   254 
      
Total current assets  $664 
      
Less current liabilities:     
Accounts payable  $853 
Current portion of lease liability   591 
Current portion of notes payable   7 
Deferred revenue   229 
Accrued expenses and other current liabilities   579 
      
Total current liabilities  $2,259 
      
Net working capital deficit  $(1,595)
 
SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS

 

   For the Year Ended
 
   December 31, 2023 
   (Unaudited) 
Revenues  $140,765 
Net loss  $(204,949)