| Schedule of assets, liabilities, and gain on disposal of the discontinued operations |
The following table presents the gain on the sale of the Desktop Portfolio as of September 30, 2025, pursuant to the Securities and Asset Purchase Agreement by and between the Company and Repligen, dated as of the Closing Date (the “Repligen Purchase Agreement”) (in thousands): | | | | | Consideration received | | | | | Payment for fair value transferred for Desktop Portfolio(1)(2) | | $ | 69,909 | | | | | | | Net assets transferred | | | | | Cash | | $ | 189 | | Accounts receivable(2) | | | 1,080 | | Inventory | | | 5,418 | | Prepaid expenses and other current assets(2) | | | 333 | | Property and equipment, net | | | 1,668 | | Operating lease right-of-use assets | | | 2,983 | | Intangible assets and other long-term assets | | | 6,489 | | Accounts payable | | | (208) | | Accrued expenses and other current liabilities | | | (552) | | Deferred revenue | | | (2,362) | | Operating lease liabilities | | | (2,471) | | Deferred income taxes | | | (2,034) | | Net assets transferred | | $ | 10,533 | | | | | | | Transaction costs | | $ | (4,373) | | Release of cumulative translation adjustment under 908 Devices GmbH | | | 1,125 | | Gain on sale, pre-tax | | $ | 56,128 | | Income tax | | | — | | Gain on sale, net of tax | | $ | 56,128 | |
| (1) | This cash payment consists of $70.0 million, less fees and other working capital adjustments of $0.1 million. |
| (2) | Working capital adjustments in the net amount of less than $0.1 million were subsequently recognized for Accounts receivable, Prepaid expenses and other current assets and agreed upon with Repligen in the three months ended September 30, 2025. |
The following table presents the financial results of the discontinued operations prior to the sale of the Desktop Portfolio (in thousands): | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | | 2025 | | 2025 | | | Revenue: | | | | | | | | | Product revenue | | $ | — | | $ | 612 | | | Service and contract revenue | | | — | | | 464 | | | Total revenue | | | — | | | 1,076 | | | Cost of revenue: | | | | | | | | | Product cost of revenue | | | — | | | 571 | | | Service and contract cost of revenue | | | — | | | 340 | | | Total cost of revenue | | | — | | | 911 | | | Gross profit | | | — | | | 165 | | | Operating expenses: | | | | | | | | | Research and development | | | — | | | 1,576 | | | Selling, general and administrative | | | — | | | 1,668 | | | Total operating expenses | | | — | | | 3,244 | | | Other income (expense), net: | | | | | | | | | (Loss) gain on divesture | | | (72) | | | 56,128 | | | Other expense, net: | | | — | | | (95) | | | Total other (expense) income, net: | | | (72) | | | 56,033 | | | Income (loss) from discontinued operations before income taxes | | $ | (72) | | $ | 52,954 | | | Benefit for income taxes | | | — | | | 16 | | | Net (loss) income from discontinued operations, net of tax | | $ | (72) | | $ | 52,970 | | |
|