v3.26.1
BUSINESS COMBINATIONS (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination [Line Items]  
SCHEDULE OF SUMMARIZES THE UNAUDITED PRO FORMA

The following table summarizes the unaudited pro forma results (in thousands):

 

         
   Three Months Ended 
  March 31, 
   2026   2025 
Total revenue  $935   $14,346 
Net loss   (26,329)   (106,845)
Scantinel Photonics GmbH [Member]  
Business Combination [Line Items]  
SCHEDULE OF PURCHASE PRICE ALLOCATION TO ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the preliminary purchase price allocation to assets acquired (in thousands):

 

       Weighted Average 
   Amount    Useful Life
(in years)		 
Total purchase consideration  $2,244      
           
Property and equipment, net  $514      
Intangible assets:          
Developed technology   1,877    7 
Total identifiable net assets  $2,391      
Bargain purchase gain(1)   (147)     

 

(1)The bargain purchase gain represents the excess of the fair value of the underlying net assets acquired over the purchase consideration and is included in bargain purchase gain in the condensed consolidated statements of operations. The bargain purchase gain was attributable to the negotiation process with Scantinel during its insolvency proceedings resulting in cash consideration paid being less than the fair value of the net assets.
Luminar Technologies Inc [Member]  
Business Combination [Line Items]  
SCHEDULE OF PURCHASE PRICE ALLOCATION TO ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the preliminary purchase price allocation to assets acquired (in thousands):

 

       Weighted Average 
   Amount    Useful Life
(in years)		 
Total purchase consideration  $33,177      
           
Inventory  $3,800      
Property and equipment, net   13,200      
Intangible assets:          
Developed technology   9,400    10 
Customer relationships   3,100    10 
Goodwill   3,677      
Total identifiable net assets  $33,177