BUSINESS COMBINATION AND DECONSOLIDATION OF SUBSIDIARY (Tables)

3 Months Ended

Mar. 31, 2022

BUSINESS COMBINATION AND DECONSOLIDATION OF SUBSIDIARY

Schedule of Sera labs net contingent share consideration

(Dollars in thousands)	Fair Value of the Contingent Share Consideration
Fair value at December 31, 2021	$	1,430
Fair value at March 31, 2022		584
Net change in fair value three months ended March 31, 2022	$	(846	)

Schedule of estimated fair value of preliminary price

(Dollars in thousands)	Shares		Amount
Upfront Payment		-	$	1,000
Closing Merger Consideration Shares		6,909,091		9,535
Contingent Consideration Shares (Clawback Shares)		5,988,024		3,083
Liabilities assumed		-		550
Total purchase price		12,897,115	$	14,168

Schedule of preliminary estimated fair value of assets

(Dollars in thousands)
Net assets acquired:
Cash	$	1,357
Other assets		1,440
Property, plant and equipment		6
Other long term assets		384
Intangibles assets		10,182
Goodwill		4,687
Accounts payable and accrued expenses		(1,063	)
Contract liabilities		(1,963	)
Other current liabilities		(462	)
Other long-term liabilities		(400	)
Net assets acquired	$	14,168

Schedule of sera labs acquisitions

(Dollars in thousands)	Weighted- average  Estimated useful life	Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
Customer relationships	5.0 years	$	7,110
Tradename	4.0 years	$	2,610
Non-compete	2.0 years	$	462
Total finite-lived intangible assets acquired	4.6 years	$	10,182