Better Choice Company Inc. General form of registration statement for all companies including face-amount certificate companies

Acquisitions (Q3) (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

The preliminary purchase price allocation is summarized as follows:

The preliminary purchase price allocation is summarized as follows:

Dollars in thousands
Total purchase price	$	38,244
Assets and liabilities acquired:
Assets
Property and equipment		260
Accounts receivable		5,540
Inventories		5,160
Intangible assets		14,690
Other assets		329
Total assets		25,979
Liabilities
Accounts payable		4,628
Accrued liabilities		1,553
Long term liability		168
Total liabilities		6,349
Net assets acquired		19,630
Goodwill	$	18,614

On May 6, 2019, the fair value of assets and liabilities acquired was:

Dollars in thousands	Better Choice Company			Bona Vida			Total
Total purchase price	$	37,949		$	108,620		$	146,569
Net Assets (Liabilities) Acquired:
Assets
Cash and cash equivalents		7			384			391
Restricted cash		—			25			25
Accounts receivable		—			69			69
Inventories		—			95			95
Prepaid expenses and other current assets		32			348			380
Intangible assets		986			—			986
Other assets		—			74			74
Total assets		1,025			995			2,020
Liabilities
Warrant derivative liability		(2,130	)		—			(2,130	)
Accounts payable & accrued liabilities		(544	)		(153	)		(697	)
Total liabilities		(2,674	)		(153	)		(2,827	)
Net assets (liabilities) acquired		(1,649	)		842			(807	)
Loss on acquisitions	$	(39,598	)	$	(107,778	)	$	(147,376	)

On May 6, 2019, the fair value of the following assets and liabilities were acquired resulting in the total loss of approximately $147.4 million:

Dollars in thousands	Better Choice Company			Bona Vida			Total
Total Purchase Price	$	37,949		$	108,620		$	146,569
Net Assets (Liabilities) Acquired:
Assets
Cash and cash equivalents		7			384			391
Restricted cash		-			25			25
Accounts receivable		-			69			69
Inventories		-			95			95
Prepaid expenses and other current assets		32			348			380
Intangible assets		986			-			986
Other assets		-			74			74
Total Assets		1,025			995			2,020
Liabilities
Warrant derivative liability		(2,130	)		-			(2,130	)
Accounts payable & accrued liabilities		(544	)		(153	)		(697	)
Total Liabilities		(2,674	)		(153	)		(2,827	)
Net Assets (Liabilities) Acquired		(1,649	)		842			(807	)
Loss on Acquisitions	$	(39,598	)	$	(107,778	)	$	(147,376	)