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Business Combination (Tables)
3 Months Ended
Mar. 31, 2017
Allenex [Member]  
Schedule of Noncontrolling Interests

 

 

Total

 

Noncontrolling interest at December 31, 2016

 

$

279

 

Foreign currency effect

 

$

(5

)

Loss attributable to noncontrolling interest

 

 

(47

)

Noncontrolling interest at March 31, 2017

 

$

227

 

 

Conexio [Member]  
Summary of Preliminary Fair Values of Assets Acquired and Liabilities Assumed as of Acquisition Date

The following table summarizes the preliminary recording of the fair values of the assets acquired and liabilities assumed as of the acquisition date.  Given the timing of the close of the transaction in the first quarter of 2017, the inventory and intangible assets amounts are preliminary and subject to change as the Company finalizes its fair value assessments (in thousands):

 

 

 

Total

 

Inventory

 

$

1,040

 

Property, plant and equipment

 

 

97

 

Intangible assets

 

 

155

 

Goodwill

 

 

85

 

Assumed liabilities

 

 

(82

)

Total preliminary acquisition consideration

 

$

1,295

 

 

Summary of Identified Intangible Assets Acquired at Acquisition Date

The following table presents details of the identified intangible assets acquired at the acquisition date (in thousands):

 

 

 

Estimated

Fair Value

 

 

Estimated Useful

Life (Years)

 

Completed technology

 

$

127

 

 

 

9

 

Customer relationships

 

 

28

 

 

 

9

 

Total

 

$

155

 

 

 

 

 

 

Allenex and Conexio [Member]  
Schedule of Pro Forma Results of Operations

The unaudited pro forma financial information in the table below summarizes the combined results for the Company and Allenex as if the companies were combined as of January 1, 2016.  The unaudited pro forma results of operations have been prepared for comparative purposes only and are not necessarily indicative of what would have occurred had the business combination been completed at the beginning of the period or of the results that may occur in the future. Furthermore, the pro forma financial information does not reflect the impact of any reorganization or operating efficiencies resulting from combining the two companies (in thousands).

 

 

 

Three Months Ended

March 31,

 

 

 

2016

 

Revenue:

 

 

 

 

Testing revenue

 

$

6,449

 

Product revenue

 

 

3,860

 

Other revenue

 

 

191

 

Total revenue

 

$

10,500

 

Net loss

 

$

(6,313

)