Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocation of Fair Value of Assets and Liabilities from Jake Marshall Transaction

The following table summarizes the preliminary allocation of the fair value of the assets and liabilities of the ACME Transaction as of the Effective Date by the Company.

(in thousands)	Purchase Price Allocation
Consideration:
Cash	$	5,181
Earnout provision	1,121
Total Consideration	6,302
Fair value of assets acquired:
Cash and cash equivalents	298
Accounts receivable	1,150
Contract assets	414
Property and equipment	488
Operating lease right-of-use assets	301
Intangible assets	2,300
Amount attributable to assets acquired	4,951
Fair value of liabilities assumed:
Accounts payable, including retainage	170
Current operating lease liabilities	195
Accrued expenses and other current liabilities	138
Contract liabilities	373
Long-term operating lease liabilities	106
Amount attributable to liabilities assumed	982
Goodwill	$	2,333

Schedule of Finite-Lived Intangible Assets

Intangible assets, net as of September 30, 2023 are detailed below.

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Intangible Assets		Weighted Average Useful Life (Years)
Trade name and trademarks	$	400	$	(18)	$	382	5.5
Customer relationships	1,900		(46)		1,854		10.3
Total	$	2,300	$	(64)	$	2,236	6.3