Business Combination (Tables)

9 Months Ended

Sep. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of assets acquired and liabilities assumed in the Convergent Acquisition at the Closing Date (in thousands of dollars):


	Amount
Assets acquired:
Cash and cash equivalents	$	6,750
Accounts Receivable	410
Prepaid expenses and other current assets	347
Property, plant and equipment, net	646
Intangible assets, net	96,880
Total identifiable assets acquired	105,033
Accounts payable	146
Accrued Liabilities	148
Accrued employee transaction bonuses and promised option payment	2,144
Deferred revenue	258
Deferred tax liability	12,569
Net identifiable assets acquired	89,768
Goodwill	88,421
Total purchase price	$	178,189

The intangible assets acquired included developed technology, trademarks and trade names and customer relationships. The preliminary fair value of the Company's intangible assets as of the acquisition date and the method used to value these assets as well as the estimated economic lives for amortizable intangible assets were as follows (in thousands of dollars, except useful life which is in years):

Fair Value

Estimated Useful Life

Valuation Method

Intangible assets acquired:

Developed technology

95,900

15 years

Multi-period excess earnings method

Trademarks and tradenames

5 years

Relief from royalty

Customer relationships

920

5 years

With-and-without

Total intangible assets acquired

96,880