Business Combination (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Rapid Machining Solutions |
|
| Business Combination [Line Items] |
|
| Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition |
The following table sets forth the estimated fair values of the assets acquired, and liabilities assumed in connection with the Acquisition:
|
|
|
|
|
|
|
Total Amount |
|
Assets Acquired |
|
(in thousands) |
|
Cash and cash equivalents |
|
$ |
44 |
|
Accounts receivable |
|
|
2,312 |
|
Prepaid expenses |
|
|
5 |
|
Inventory |
|
|
828 |
|
Property plant and equipment |
|
|
2,987 |
|
Customer backlogs |
|
|
5,300 |
|
Customer relationships |
|
|
13,000 |
|
Right of use lease assets |
|
|
348 |
|
Total assets acquired |
|
$ |
24,824 |
|
|
|
|
|
Accounts payable |
|
|
857 |
|
Accrued liabilities |
|
|
157 |
|
Lease liabilities, current |
|
|
12 |
|
Lease liabilities, non-current |
|
|
336 |
|
Total liabilities assumed |
|
$ |
1,362 |
|
|
|
|
|
Goodwill |
|
$ |
7,872 |
|
Fair Value of Consideration |
|
$ |
31,334 |
|
|
| Schedule of Intangible Assets Acquired in Acquisition |
Below is a summary of the intangible assets acquired in the Acquisition:
|
|
|
|
|
|
|
|
|
|
|
Acquisition Date
Fair Value |
|
|
Estimated Life |
|
Intangible Asset |
|
(in thousands) |
|
|
(in years) |
|
Customer Backlog |
|
$ |
5,300 |
|
|
|
2.5 |
|
Customer Relationships |
|
|
13,000 |
|
|
|
16.0 |
|
Total Intangible Assets Acquired |
|
$ |
18,300 |
|
|
|
|
|
| Metal Technology Inc |
|
| Business Combination [Line Items] |
|
| Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition |
The following table sets forth the allocation, as of December 31, 2025, of the fair value of the assets acquired and liabilities assumed in connection with the MTI Acquisition:
|
|
|
|
|
|
|
Total Amount |
|
Assets Acquired |
|
(in thousands) |
|
Cash and cash equivalents |
|
$ |
2,230 |
|
Accounts receivable |
|
|
2,734 |
|
Inventory |
|
|
2,435 |
|
Prepaid and other current assets |
|
|
173 |
|
Property, plant and equipment |
|
|
10,672 |
|
Intangible assets |
|
|
30,700 |
|
Right of use lease assets |
|
|
715 |
|
Total assets acquired |
|
$ |
49,659 |
|
|
|
|
|
Accounts payable |
|
|
374 |
|
Accrued payroll and related expenses |
|
|
10,815 |
|
Lease liabilities, current |
|
|
113 |
|
Lease liabilities, non-current |
|
|
602 |
|
Other current liabilities |
|
|
461 |
|
Total liabilities assumed |
|
$ |
12,365 |
|
|
|
|
|
Goodwill |
|
$ |
45,019 |
|
Fair Value of Consideration |
|
$ |
82,313 |
|
|
| Schedule of Intangible Assets Acquired in Acquisition |
Below is a summary of the intangible assets acquired in the MTI Acquisition:
|
|
|
|
|
|
|
|
|
Intangible Asset |
|
Acquisition
Date Fair Value
(in thousands) |
|
|
Estimated Life
(Years) |
|
Customer Relationships |
|
$ |
19,700 |
|
|
|
14.0 |
|
Backlog |
|
|
3,600 |
|
|
|
2.7 |
|
Know-How |
|
|
7,400 |
|
|
|
7.0 |
|
Total Intangible Assets Acquired |
|
$ |
30,700 |
|
|
|
|
|
| Industrial Solid Propulsion |
|
| Business Combination [Line Items] |
|
| Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition |
The following table sets forth the allocation, as of December 31, 2025, of the fair value of the assets acquired and liabilities assumed in connection with the ISP Acquisition:
|
|
|
|
|
|
|
Total Amount |
|
Assets Acquired |
|
(in thousands) |
|
Cash and cash equivalents |
|
$ |
2,791 |
|
Accounts receivable |
|
|
597 |
|
Inventory |
|
|
1,202 |
|
Prepaid and other current assets |
|
|
39 |
|
Property, plant and equipment |
|
|
4,239 |
|
Intangible assets |
|
|
21,400 |
|
Deferred tax assets |
|
|
941 |
|
Total assets acquired |
|
$ |
31,209 |
|
|
|
|
|
Accounts payable |
|
|
279 |
|
Accrued payroll and related expenses |
|
|
2,122 |
|
Contract liabilities |
|
|
95 |
|
Long-term notes payable |
|
|
1,919 |
|
Total liabilities assumed |
|
$ |
4,415 |
|
|
|
|
|
Goodwill |
|
$ |
31,843 |
|
Fair Value of Consideration |
|
$ |
58,637 |
|
|
| Schedule of Intangible Assets Acquired in Acquisition |
Below is a summary of the intangible assets acquired in the ISP Acquisition:
|
|
|
|
|
|
|
|
|
Intangible Asset |
|
Acquisition
Date Fair Value
(in thousands) |
|
|
Estimated Life
(Years) |
|
Customer Relationships |
|
$ |
13,500 |
|
|
|
10.0 |
|
Backlog |
|
|
1,900 |
|
|
|
1.6 |
|
Know-How |
|
|
6,000 |
|
|
|
15.0 |
|
Total Intangible Assets Acquired |
|
$ |
21,400 |
|
|
|
|
|
| Five Axis Industries, Inc |
|
| Business Combination [Line Items] |
|
| Schedule of Estimated Fair Values of Assets Acquired, and Liabilities Assumed in Connection with Acquisition |
The following table sets forth the acquisition date fair value of the assets acquired, and liabilities assumed in connection with the acquisition:
|
|
|
|
|
|
|
Total Amount |
|
Assets Acquired |
|
(in thousands) |
|
Cash and cash equivalents |
|
$ |
5,055 |
|
Accounts receivable |
|
|
1,807 |
|
Property, plant and equipment |
|
|
4,466 |
|
Intangible assets |
|
|
48,000 |
|
Total assets acquired |
|
$ |
59,328 |
|
Accounts payable |
|
|
156 |
|
Accrued payroll and related expenses |
|
|
70 |
|
Other current liabilities |
|
|
153 |
|
Deferred tax liabilities |
|
|
12,886 |
|
Total liabilities assumed |
|
$ |
13,265 |
|
|
|
|
|
Goodwill |
|
$ |
50,505 |
|
Fair Value of Consideration |
|
$ |
96,568 |
|
|
| Schedule of Intangible Assets Acquired in Acquisition |
Below is a summary of the intangible assets acquired in the Five Axis Acquisition:
|
|
|
|
|
|
|
|
|
Intangible Asset |
|
Acquisition
Date Fair Value
(in thousands) |
|
|
Estimated Life
(Years) |
|
Customer Relationships |
|
$ |
44,500 |
|
|
|
14.0 |
|
Backlog |
|
|
3,500 |
|
|
|
0.8 |
|
Total Intangible Assets Acquired |
|
$ |
48,000 |
|
|
|
|
|