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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Acquisitions  
Cost of acquisition

(in thousands)

 

December 31, 2022

 

Consideration:

 

 

 

Cash

 

$2,000

 

Common stock

 

 

6,326

 

Note Payable

 

 

1,100

 

Total consideration

 

$9,426

 

Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed

 

 

Final Purchase Price Allocation

 

Total purchase price

 

$9,426

 

Cash

 

 

586

 

Accounts receivables

 

 

759

 

Prepaid expenses

 

 

48

 

Inventory

 

 

484

 

Other assets

 

 

12

 

Property, plant & equipment

 

 

319

 

Right to use assets

 

 

861

 

Intangible assets acquired (FV)

 

 

7,000

 

    Total identifiable assets

 

 

10,069

 

 

 

 

 

 

Accounts payable

 

 

1,162

 

Accrued expenses

 

 

714

 

Contract liability

 

 

917

 

Operating lease liability

 

 

877

 

Direct financing liability

 

 

142

 

Buyers note

 

 

1,100

 

Deferred tax liability

 

 

1,922

 

    Total liabilities assumed

 

 

6,834

 

    Total goodwill

 

$5,091

 

Schedule of pro forma information

 

 

For the Year Ended December 31,

(Unaudited, in thousands)

 

 

 

2023

 

 

2022

 

Revenues

 

$53,199

 

 

$46,765

 

Net loss

 

 

(362)

 

 

(35,636)

Earnings per share

 

$(0.01)

 

$(1.40)