Quarterly report pursuant to Section 13 or 15(d)

Business Combination with Fathom OpCo (Tables)

v3.22.2.2
Business Combination with Fathom OpCo (Tables) - Fathom OpCo [Member]
6 Months Ended
Jun. 30, 2022
Business Acquisition [Line Items]  
Schedule of fair value of the total purchase consideration transferred

The Business Combination was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $1,364,220. The following table sets forth the fair value of the assets and liabilities assumed in connection with the acquisition

 

 

Total

 

Assets acquired:

 

 

Cash

$

9,577

 

Accounts receivable, net

 

24,712

 

Inventory

 

12,825

 

Prepaid expenses and other current assets

 

3,172

 

Property and equipment, net

 

44,397

 

Goodwill

 

1,189,762

 

Intangible assets

 

270,000

 

Other non-current assets

 

2,200

 

Total assets acquired

 

1,556,645

 

Liabilities assumed:

 

 

Accounts payable

 

9,808

 

Accrued expenses

 

4,860

 

Other current liabilities

 

5,226

 

Current portion of debt

 

152,000

 

Other noncurrent liabilities

 

20,531

 

Total liabilities assumed

 

192,425

 

Net identifiable assets acquired

$

1,364,220

 

 

The following table illustrates a summary of the total consideration transferred.

Schedule of fair values of the assets and liabilities

 

 

Total

 

Consideration Transferred:

 

 

Total cash consideration

$

53,332

 

Fathom earnout shares

 

88,160

 

Class A common stock transferred

 

375,478

 

Tax Receivable Agreement obligations to the sellers

 

4,300

 

Total consideration transferred to sellers

 

521,270

 

Non-controlling interest

 

842,950

 

Fair value of total consideration transferred

$

1,364,220

 

 

Summary of the intangible assets acquired in the acquisition

Identifiable Intangible Assets

Provisional fair value

 

 

Provisional useful life (in years)

 

Trade name

$

70,000

 

 

 

15

 

Customer relationships

 

180,000

 

 

 

19

 

Developed software

 

15,700

 

 

 

5

 

Developed technology

 

4,300

 

 

 

5

 

 

$

270,000