Quarterly report pursuant to Section 13 or 15(d)

SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details)

v3.22.2
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 15, 2022
Apr. 22, 2022
Dec. 31, 2021
Nov. 19, 2020
Business Acquisition [Line Items]          
Remaining Unidentified Goodwill Value $ 156,092     $ 19,390  
Electric Blue Limited [Member]          
Business Acquisition [Line Items]          
Purchase Consideration: Cash     $ 12,651    
Common stock     2,852    
Contingent consideration     3,400    
Total Purchase Consideration     18,903    
Trade name     486    
Customer relationships     3,075    
Internally developed technology     504    
Non-compete     1,908    
Fixed assets     4,162    
Non-current portion of deferred revenue     (730)    
Debt-free net working capital     (1,047)    
Fair Value of Identified Net Assets     8,358    
Remaining Unidentified Goodwill Value     10,545    
Current assets: Cash     1,291    
Current assets: Accounts receivable     1,618    
Current assets: Prepaid expenses and other current assets     508    
Total current assets     3,417    
Less current liabilities: Accounts payable     647    
Current portion of lease liabilities     22    
Less current liabilities: Current portion of notes payable     611    
Less current liabilities: Accrued expenses and other current liabilities     3,184    
Total current liabilities     4,464    
Debt free net working capital     $ (1,047)    
SemaConnect, Inc [Member]          
Business Acquisition [Line Items]          
Purchase Consideration: Cash   $ 46,136      
Deferred cash consideration   40,600      
Common stock   113,837      
Total Purchase Consideration   200,573      
Trade name   4,097      
Customer relationships   40,973      
Internally developed technology   2,049      
Non-compete   20,487      
Fixed assets   614      
Other assets   449      
Right-of-use asset   1,092      
Lease liability, non-current portion   (611)      
Non-current portion of deferred revenue   (702)      
Debt-free net working capital   4,558      
Fair Value of Identified Net Assets   73,006      
Remaining Unidentified Goodwill Value   127,567      
Current assets: Cash   3,753      
Current assets: Restricted cash   8,103     $ 8,103
Current assets: Accounts receivable   5,515      
Current assets: Inventory   5,472     5,472
Current assets: Prepaid expenses and other current assets   1,309      
Total current assets   24,152      
Less current liabilities: Accounts payable   2,305      
Less current liabilities: Merger consideration payable   8,103     8,103
Less current liabilities: Current portion of notes payable   186      
Less current liabilities: Deferred revenue   2,667     3,380
Current portion of lease liability   481    
Less current liabilities: Accrued expenses and other current liabilities   5,842      
Total current liabilities   19,594      
Debt free net working capital   $ 4,558