Business Combination (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Consideration Paid in Business Acquisition

The following table summarizes our current allocation of the October 18, 2021 purchase price:

	Initial Allocation		Adjustments		Final Allocation
Cash	$	4	$	—	$	4
Inventory	1,687		—		1,687
Intangible assets	3,340		—		3,340
Accrued expenses	—		(436)		(436)
Deferred revenue	(1,369)		(35)		(1,404)
Goodwill	6,937		35		6,972
Total purchase price	10,599		(436)		10,163
Fair value adjustments	382		—		382
Total consideration paid	$	10,981	$	(436)	$	10,545

Summary of Unaudited Pro Forma Financial Information

The following table summarizes the unaudited pro forma condensed financial information of Phunware, Inc for the year ended December 31, 2021 as if the acquisition of Lyte had occurred on January 1, 2021:

	Year Ended December 31, 2021
(in thousands)	(unaudited)
Net revenues	$	18,175
Net loss	(53,935)