Annual report pursuant to Section 13 and 15(d)

Human Motion and Control Acquisition (Tables)

v3.23.1
Human Motion and Control Acquisition (Tables)
12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the preliminary fair values of the assets acquired, liabilities assumed and consideration given as of the acquisition date. These estimates are preliminary, pending final evaluation of certain assets, and therefore, are subject to revisions that may result in adjustments to the values presented below:
Inventories $ 1,935 
Fixed assets 1,599 
Intangible assets 5,240 
Goodwill 431 
   Total assets $ 9,205 
Accrued royalties 150 
   Total liabilities $ 150 
Net assets acquired $ 9,055 
Cash delivered at close $ 5,000 
Fair value of promissory note 4,055 
   Total consideration $ 9,055 
Business Acquisition, Pro Forma Information The table below presents the pro forma revenue and earnings of the combined business as though the combination were enacted January 1, 2021:
Year Ended December 31,
(Unaudited)
2022 2021
Revenue $ 15,736  $ 14,675 
Net loss $ (18,506) $ (14,083)