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
)