Quarterly report pursuant to Section 13 or 15(d)

Acquisition of TruPet LLC and Bona Vida, Inc. (Tables)

v3.19.3
Acquisition of TruPet LLC and Bona Vida, Inc. (Tables)
6 Months Ended
Jun. 30, 2019
Acquisition of TruPet LLC and Bona Vida, Inc. [Abstract]  
Assets and Liabilities Acquired
On May 6, 2019, the fair value of the following assets and liabilities were acquired:

Dollars in thousands
 
Better Choice Company
   
Bona Vida
   
Total
 
Assets
                 
Current Assets
                 
Cash and cash equivalents
 
$
1,546
   
$
384
   
$
1,930
 
Restricted cash
           
25
     
25
 
Accounts receivable
           
30
     
30
 
Intercompany receivables
   
6,161
     
38
     
6,199
 
Inventories
           
193
     
193
 
Prepaid expenses and other current assets
   
52
     
347
     
399
 
Total Current Assets
   
7,759
     
1,017
     
8,776
 
Intangible assets, net of amortization
   
986
             
986
 
Other assets
           
74
     
74
 
Total Assets
 
$
8,745
   
$
1,091
   
$
9,836
 
                         
Liabilities and Redeemable Preferred Stock
                       
Current Liabilities
                       
Warrant derivative liability
 
$
2,111
    $
-    
$
2,111
 
Accounts payable & accrued liabilities
   
2,071
   
69
     
2,140
 
Long term debt, current portion
   
6,200
             
6,200
 
Total Current Liabilities
 
$
10,382
   
$
69
   
$
10,451
 
Total Liabilities
 
$
10,382
   
$
69
   
$
10,451
 
                         
Redeemable Series E Preferred Stock
 
$
20,059
    $
-
   
$
20,059