Asset Purchase of Intellectual Property (Details Narrative) $ in Thousands |
Jan. 18, 2024
USD ($)
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Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] | |
Cash on hand | $ 1,000 |
Revenue milestone description | The acquisition included transaction costs of $30 thousand for legal fees. Pursuant to the asset purchase agreement, the total earnout payment would have been $238 thousand only if the earnout revenue milestones were achieved during the earnout period, otherwise the earnout would be zero |
Contingent liability | $ 83 |
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- Definition Amount of liability recognized from contingent consideration in asset acquisition, classified as current. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Discloses the nature of achievements or target goals that are to be reached by specified dates to maintain the arrangement or extend it, generally without adjustment of the present financial terms of the arrangement. No definition available.
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