| 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 |
|
| Costs and estimated earnings in excess of billings |
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 |
|
A summary of the cumulative consideration paid, allocation of the purchase price, and adjustments made for the Plug Smart acquisition are presented in the table below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preliminary December 31, 2021 |
|
Measurement Period Adjustment |
|
As Adjusted December 31, 2022 |
| Cash |
$ |
17,692 |
|
|
$ |
— |
|
|
$ |
17,692 |
|
| Fair value of earn out |
2,160 |
|
|
(19) |
|
|
2,141 |
|
| Hold-back |
750 |
|
|
— |
|
|
750 |
|
| Working capital adjustment |
638 |
|
|
(128) |
|
|
510 |
|
| Fair value of consideration transferred |
$ |
21,240 |
|
|
$ |
(147) |
|
|
$ |
21,093 |
|
|
|
|
|
|
|
| Cash and cash equivalents |
2,771 |
|
|
— |
|
|
2,771 |
|
| Accounts receivable |
3,370 |
|
|
— |
|
|
3,370 |
|
| Costs and estimated earnings in excess of billings |
1,663 |
|
|
— |
|
|
1,663 |
|
|
|
|
|
|
|
| Prepaid expenses and other current assets |
1,499 |
|
|
— |
|
|
1,499 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets |
6,354 |
|
|
(409) |
|
|
5,945 |
|
| Operating lease assets |
488 |
|
|
— |
|
|
488 |
|
|
|
|
|
|
|
| Accounts payable |
(1,795) |
|
|
— |
|
|
(1,795) |
|
| Accrued expenses and other current liabilities |
(964) |
|
|
(127) |
|
|
(1,091) |
|
| Current portion of operating lease liabilities |
(145) |
|
|
— |
|
|
(145) |
|
| Billings in excess of cost and estimated earnings |
(2,464) |
|
|
— |
|
|
(2,464) |
|
| Deferred income tax liabilities |
(1,693) |
|
|
— |
|
|
(1,693) |
|
| Long-term operating lease liabilities, net of current portion |
(343) |
|
|
— |
|
|
(343) |
|
| Recognized identifiable assets acquired and liabilities assumed |
$ |
8,741 |
|
|
$ |
(536) |
|
|
$ |
8,205 |
|
| Goodwill |
$ |
12,499 |
|
|
$ |
389 |
|
|
$ |
12,888 |
|
|