Acquisition of Marlin Assets (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Allocation of Purchase Price Consideration

The following table summarizes the Company's preliminary fair value of the assets acquired, as of November 23, 2020, for the Company’s Marlin Acquisition.

Purchase Price
Cash paid to sellers	$	28,300
Purchase Price Allocation
Assets Acquired
Inventory	$	11,400
Machinery and equipment		5,000
Tradename and trademarks		7,800
Patents		2,500
Customer Relationships		1,000
Goodwill		600
Net Assets Acquired	$	28,300

Schedule of Estimated Remaining Useful Lives

Intangible assets acquired in the Marlin Acquisition are reflected in Other Assets on the Company’s Consolidated Balance Sheet at December 31, 2020. Intangible assets are amortized over their estimated remaining useful lives using a straight-line methodology.

	Remaining Economic Useful Life
Tradename and trademarks	20 years
Patents	20 years
Customer Relationships	15 years