Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.21.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Summary of Purchase Price Allocation The purchase price allocation is summarized as follows (in thousands):
Halo
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 values of the assets and liabilities acquired were (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)