v3.26.1
Acquisitions (Tables)
3 Months Ended
Mar. 31, 2026
Acquisitions  
Schedule of acquisitions
(in thousands)

 

Amount

 

Consideration:

 

 

 

Cash

 

$27,300

 

Common stock

 

 

7,433

 

Total consideration

 

$34,733

 

 

 

Preliminary Purchase Price Allocation

 

Total purchase price

 

$34,733

 

Cash and cash equivalents

 

 

1,090

 

Trade receivables, net of allowance

 

 

287

 

Contract assets, net of allowance

 

 

139

 

Inventories

 

 

902

 

Equipment financing receivables, net of allowance

 

 

1,219

 

Contract costs

 

 

1,483

 

Prepaid expenses

 

 

260

 

Other current assets

 

 

12

 

Contract assets, net of current portion

 

 

374

 

Long-term equipment financing receivables, net of allowance

 

 

2,460

 

Property and equipment, net

 

 

289

 

Contract costs, net of current portion

 

 

2,530

 

Intangible assets acquired (FV)

 

 

23,400

 

Total identifiable assets

 

 

34,445

 

 

 

 

 

 

Accounts payable

 

 

1,520

 

Accrued expenses

 

 

1,727

 

Contract liabilities

 

 

236

 

Contract liabilities, net of current portion

 

 

990

 

Total liabilities assumed

 

 

4,473

 

Total goodwill

 

$4,761

 

Schedule of consolidated results of operations

 

 

For the Three Months Ended March 31,

(Unaudited, in thousands)

 

 

 

2026

 

 

2025

 

Revenues

 

$25,107

 

 

$22,100

 

Net loss

 

 

(1,715

 

 

388

 

Earnings per share

 

$(0.05

 

$0.01