Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Business Combinations (Tables)

v3.24.3
Note 9 - Business Combinations (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
    (in thousands)  

Equity Consideration - Common Stock

  $ 1,262  

Put Option

    3,480  

Note Payable

    1,874  

Total Consideration

  $ 6,616  
         

Assets Acquired:

       

Cash and Cash Equivalents

  $ 959  

Accounts Receivable

    85  

Inventory

    606  

Prepaid Expenses & Other Assets

    110  

Property, Equipment and Leasehold Improvements

    470  

Right-of-Use Asset

    1,694  

Intangible Assets

    3,100  

Total Assets Acquired

    7,024  
         

Liabilities Assumed:

       

Accounts Payable & Accrued Liabilities

    3,877  

Operating Lease Liabilities

    2,077  

Notes Payable

    307  

Income Taxes Payable

    10,505  

Deferred Tax Liabilities

    1,628  

Total Liabilities Assumed

    18,394  
         

Estimated Fair Value of Net Assets Acquired

    (11,370 )
         

Estimated Goodwill

  $ 17,986  
Business Acquisition, Pro Forma Information [Table Text Block]
    (in thousands)  
   

Three Months Ended September 30,

   

Nine Months Ended September 30,

 
   

2024

   

2023

   

2024

   

2023

 

Pro Forma Revenue

  $ 4,364     $ 5,207     $ 14,135     $ 16,183  

Pro Forma Net Income (Loss)

  $ (3,739 )   $ (3,333 )   $ 15,941     $ (6,511 )