Annual report [Section 13 and 15(d), not S-K Item 405]

Business Acquisitions and Divestitures (Tables)

v3.25.0.1
Business Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Business Acquisition, Pro Forma Information
The following table sets forth the revenue and net (loss) income for Enerqos:
Twelve Months Ended December 31,
2024 2023
Revenue $ 27,809  $ 52,241 
Net (loss) income (2,961) 1,758 
Schedule of Purchase Price Allocation by Acquisitions
A summary of the cumulative consideration paid, allocation of the purchase price, and adjustments made for the Enerqos acquisition are presented in the table below:
Preliminary March 31, 2023 Measurement Period Adjustment As Adjusted December 31, 2023
Cash $ 9,535  $ —  $ 9,535 
Long-term debt assumed, net of current portions 3,951  —  3,951 
FX adjustment (41) —  (41)
Fair value of consideration transferred $ 13,445  $ —  $ 13,445 
Cash and cash equivalents 190  —  190 
Accounts receivable 6,230  —  6,230 
Unbilled revenue 8,985  —  8,985 
Prepaid expenses and other current assets 16,504  —  16,504 
Project development costs 5,140  —  5,140 
Property and equipment and energy assets 1,234  —  1,234 
Intangible assets 4,438  —  4,438 
Long-term restricted cash 163  —  163 
Accounts payable (15,480) —  (15,480)
Accrued expenses and other current liabilities (4,510) 165  (4,345)
Current portions of long-term debt (15,165) —  (15,165)
Deferred income tax liabilities, net (931) —  (931)
Other liabilities (208) —  (208)
Recognized identifiable assets acquired and liabilities assumed $ 6,590  $ 165  $ 6,755 
Goodwill $ 6,855  $ (165) $ 6,690