Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 103

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 103
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 34,100

        Goodwill

        9,755

        Total assets acquired
         
        $
        47,665

        Accounts payable and accrued expenses
         
        $
        1,108

        Bank loans

        1,922

        Other current liabilities

        376

        Operating lease liability

        306

        Deferred tax liability - noncurrent

        8,525

        Total liabilities assumed

        12,237

        Total identifiable net assets
         
        $
        35,428

        Cash consideration
         
        $
        32,250

        Fair value of contingent earnout consideration

        3,178

        Total purchase price
         
        $
        35,428

      Included in the acquired intangible assets were $32,300 of developed technology, $1,600 of customer relationships, and $200 related to trade name. The fair value measurements of the intangibles were based primarily on Level 3 inputs. Certain working capital accounts such as accounts receivables, inventories, other current assets, accounts payable and accrued expenses, bank loans and other current liabilities, as well as intangibles and related income tax amounts may be adjusted subsequent to the acquisition as they are realized at different values. These changes would be reflected as measurement period adjustments. All of the bank loans were settled subsequent to the acquisition date and prior to December 31, 2023. 

 F-23

The consolidated financial and operating results reflect the Physio-Assist operations beginning September 14, 2023. The following unaudited pro forma information for the twelve months ended December 31, 2023 and December 31, 2022 presents total revenue and net loss assuming the acquisition of Physio-Assist had occurred as of January 1, 2022.

        Twelve months ended

        December 31,

        2023

        2022

        Total revenue
         
        $
        318,737

        $
        379,305

        Net loss
         
        $
        (105,230
        )
         
        $
        (87,079
        )

4. Goodwill and other identifiable intangible assets GoodwillThe changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows: 

        Balance as of December 31, 2022
         
        $