On January 7, 2020, the Company purchased the assets of First Aid Central, a Canadian first aid and safety supplier, based in Laval, Canada for approximately $2.1 million in cash. First Aid Central products consist of a broad line of first aid kits, refills, and safety products that are sold to a wide range of industries and end users. The products meet federal Health Canada and provincial regulatory requirements.

Assets:
Accounts receivable	$	232
Inventory		440
Prepaid Expense		47
Equipment		45
Intangible assets		1,310
Total assets	$	2,074

The acquisition was accounted for as a business combination, pursuant to ASC 805 – Business Combinations. All assets acquired in the acquisition are included in the Company’s Canada segment. Management’s assessment of the valuation of intangible assets is preliminary and finalization of the Company’s purchase price accounting assessment may result in changes to the valuation of the identified intangible assets.

Net sales for the three and six months ended June 30, 2020 attributable to the sales of First Aid Central products were approximately $1.1 million and $2.1 million, respectively. Net income for the three and six months ended June 30, 2020 attributable to First Aid Central products was approximately $0.1 million and $0.2, respectively.

Assuming First Aid Central assets were acquired on January 1, 2019, unaudited proforma combined net sales for the three months ended June 30, 2019, for the Company would have been approximately $41.2 million. Unaudited proforma combined net income for the three months ended June 30, 2019 for the Company would have been approximately $2.8 million. Unaudited proforma combined net sales for the six months ended June 30, 2019 for the Company would have been approximately $73.3. Unaudited proforma combined net income for the six months ended June 30, 2019 for the Company would have been approximately $3.7 million