v3.26.1
Mergers and Acquisitions (Tables)
6 Months Ended
Jun. 27, 2026
Business Combination [Line Items]  
Schedule of Business Acquisition

 

      
ALT5 Common stock  $11,729 
Total purchase price  $11,729 
Schedule of Proforma Information

  

             
   As Reported   Adjustments   Proforma 
  

AI Financial

Corporation

Unaudited 13

weeks ended

June 28, 2025

  

Mswipe

Unaudited 13

weeks ended

June 28, 2025

   Adjustments(1)  

AI Financial

Corporation for

the 13 weeks

ended

June 28, 2025

 
Net revenue  $6,378   $686        $7,064 
Net income  $(9,115)  $72   $(89)  $(9,132)
Earnings per basic common share  $(0.49)            $(0.36)
Earnings per basic diluted share  $(0.49)            $(0.36)

 

             
   As Reported   Adjustments   Proforma 
  

AI Financial

Corporation

Unaudited 26

weeks ended

June 28, 2025

  

Mswipe

Unaudited 26

weeks ended

June 28, 2025

   Adjustments(1)  

AI Financial

Corporation for

the 26 weeks

ended

June 28, 2025

 
Net revenue  $11,892   $1,660        $13,552 
Net income  $(11,976)  $210   $(266)  $(12,032)
Earnings per basic common share  $(0.70)            $(0.56)
Earnings per basic diluted share  $(0.70)            $(0.56)

 

(1)Adjustments are related to adjustments made for the following:
Block Street [Member]  
Business Combination [Line Items]  
Schedule of Business Acquisition

Schedule of Business Acquisition

      

Total purchase price  $11,729 
Total intangible assets acquired  $11,729 
Mswipe Acquisition [Member]  
Business Combination [Line Items]  
Schedule of Business Acquisition

 

      
ALT5 Common stock  $5,185 
Common stock warrants   1,652 
Seller notes   5,695 
Alyea Common Stock   1,668 
Total purchase price  $14,200 
Schedule of Assets Liabilities Assumed Goodwill

 

      
Total purchase price  $14,200 
Accounts payable   1,400 
Total liabilities assumed   1,400 
Total consideration   15,600 
Cash   124 
Accounts receivable   1,218 
Property and equipment   20 
Intangible assets     
Customer relationships   6,525 
Trade names   500 
Developed technology   675 
Subtotal intangible assets   7,700 
Other   160 
Total assets acquired   9,222 
Total goodwill   6,378