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

General form of registration statement for all companies including face-amount certificate companies

Acquisitions (FY) (Tables)

Acquisitions (FY) (Tables)

12 Months Ended

Dec. 31, 2020

The Halo Acquisition was accounted for under the purchase method of accounting, and accordingly, the purchase price was allocated to the identifiable assets and liabilities based on their estimated fair values at the Halo Acquisition Date. 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	)