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Acquisition (Tables)
3 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Summary of Aggregate Fair Values of Assets Acquired

The following summarizes the aggregate fair values of the assets acquired during 2019 as of the date of the Acquisition:

 

Inventories

$

306

 

Intangible assets

 

3,595

 

Goodwill

 

1,709

 

Total assets acquired

$

5,610

 

Summary of Intangible Assets

Intangible assets in the table above consist of the following:

 

 

Intangible Assets

 

 

Useful Life

 

Customer relationships

$

2,330

 

 

 

10 to 13 years

 

Trade names

 

880

 

 

 

10 to 25 years

 

Formulas and batching processes

 

370

 

 

 

10 years

 

Non-compete

 

15

 

 

 

5 years

 

 

$

3,595

 

 

 

 

 

Summary of Selected Unaudited Pro Forma Condensed Consolidated Statements of Operations

The following table summarizes selected unaudited pro forma condensed consolidated statements of operations data for the three months ended 2019 as if the Paramount Acquisition had been completed on January 1, 2019.

 

 

2019

 

Net sales

$

7,600

 

Net loss

$

(231)