Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.20.2
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2020
Halo Acquisition [Member]  
Acquisitions [Abstract]  
Assets and Liabilities Acquired
The preliminary purchase price allocation is summarized as follows:
 
Dollars in thousands
      
Total Purchase Price
  
$
38,244
  
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
  
TruPet, LLC [Member]  
Acquisitions [Abstract]  
Assets and Liabilities Acquired
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
)
Correction to estimated purchase price recorded in the third quarter of 2019
                     (2,612
 )
Loss on acquisitions as reported for the six months ended June 30, 2019
                   $
 (149,988
 )