Business Combination (Tables)

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

Schedule of fair value of purchase price consideration

The fair value of the purchase price consideration consisted of the following (in thousands):

Maxwell common stock	$	25,294
Settlement of seller’s transaction expenses	1,006
Total estimated purchase price	$	26,300

Schedule of purchase price allocation

The following table summarizes the allocation of the assets acquired and liabilities assumed at the acquisition date (in thousands):

	Fair Value
Cash and cash equivalents	$	909
Accounts receivable	2,545
Inventories	4,397
Prepaid expenses and other assets	764
Property and equipment	3,314
Intangible assets	11,800
Accounts payable, accrued compensation and other liabilities	(5,713		)
Employee severance obligation	(3,340		)
Total identifiable net assets	14,676
Goodwill	11,624
Total purchase price	$	26,300

Schedule of intangible assets acquired

The following table presents details of the identified intangible assets acquired through the Nesscap Acquisition (in thousands):

	Estimated Useful Life (in years)	Fair Value
Customer relationships - institutional	14	$	3,200
Customer relationships - non-institutional	10	4,400
Trademarks and trade names	10	1,500
Developed technology	8	2,700
Total intangible assets		$	11,800

Schedule of pro forma financial information

The following unaudited pro forma financial information presents the combined results of operations for the three months ended March 31, 2017 as if the Nesscap Acquisition had occurred at the beginning of fiscal year 2016 (in thousands, except per share amounts):

	Three Months Ended March 31,
	2017
Net revenues	$	31,852
Net loss	(11,779		)
Net loss per share:
Basic and diluted	(0.32		)
Weighted average common shares outstanding:
Basic and diluted	36,344