Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.21.2
BUSINESS COMBINATIONS (Tables)
9 Months Ended
Sep. 30, 2021
BUSINESS COMBINATIONS  
Schedule of purchase price

Purchase Price (in thousands):

 

 

 

 

 

 

 

Stock

 

$ 52,929

 

Liability for holdback shares

 

 

6,465

 

Stock options assumed

 

 

9,695

 

Warrants assumed

 

 

10,733

 

Total consideration

 

$ 79,822

 

Schedule of preliminary allocation purchase price

 

 

(in thousands)

 

Assets acquired

 

 

 

Cash

 

$ 1,290

 

Accounts receivable

 

 

5,831

 

Inventory

 

 

16,702

 

Prepaid & other current assets

 

 

1,543

 

Fixed assets

 

 

1,450

 

Notes receivable

 

 

750

 

Other long-term assets

 

 

3

 

Right-of-use asset

 

 

460

 

Trade name

 

 

28,980

 

Licenses

 

 

32,950

 

Goodwill

 

 

11,881

 

Total assets acquired

 

$ 101,840

 

 

 

 

 

 

Liabilities assumed

 

 

 

 

Accounts payable/accrued expenses

 

$ 15,350

 

Short-term lease liability

 

 

379

 

Long-term lease liability

 

 

80

 

Short-term debt

 

 

4,796

 

Long-term debt

 

 

624

 

Deferred income

 

 

288

 

Contingent liabilities

 

 

500

 

Total liabilities assumed

 

$ 22,017

 

Schedule of preliminary valuation target based

Purchase Price (in thousands):

 

 

 

 

 

 

 

Cash

 

$ 24,000

 

Note payable

 

 

33,749

 

Common stock

 

 

16,000

 

Total consideration

 

$ 73,749

 

Schedule of third party valuation purchase price

 

 

(in thousands)

 

Assets acquired

 

 

 

Cash

 

$ 968

 

Inventory

 

 

662

 

Prepaids

 

 

91

 

Fixed Assets

 

 

437

 

Right-of-use asset

 

 

2,105

 

Trade name

 

 

21,630

 

Licenses

 

 

45,990

 

Goodwill

 

 

5,522

 

Total assets acquired

 

$ 77,405

 

 

 

 

 

 

Liabilities assumed

 

 

 

 

Accounts Payable/Accruals

 

$ 1,551

 

Short-term lease liability

 

 

540

 

Long-term lease liability

 

 

1,565

 

Total liabilities assumed

 

$ 3,656

 

Schedule of future financial position purchase agreement

 

 

Three Months Ended,

 

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

 

(unaudited)

 

 

(unaudited)

 

Pro-forma revenues

 

$ 52,413

 

 

$ 23,455

 

Pro-forma net loss from continuing operations

 

$ (17,536 )

 

$ (30,243 )

 

 

 

Nine Months Ended,

 

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

 

(unaudited)

 

 

(unaudited)

 

Pro-forma revenues

 

$ 118,992

 

 

$ 71,658

 

Pro-forma net loss from continuing operations

 

$ (91,343 )

 

$ (79,739 )