Annual report [Section 13 and 15(d), not S-K Item 405]

BUSINESS COMBINATION AND ASSET PURCHASES (Tables)

v3.25.0.1
BUSINESS COMBINATION AND ASSET PURCHASES (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Allocation of Business Acquisition
A summary of the allocation of the Ermont Consideration to the acquired and identifiable intangible assets is as follows (in thousands):

Fair value of consideration transferred:
Cash consideration:
Cash paid $ 3,000 
Less cash acquired (13)
Net cash consideration 2,987 
Common stock 2,994 
Promissory note 4,569 
Total fair value of consideration $ 10,550 
Fair value of assets acquired:
Property and equipment $ 800 
Intangible assets:
Tradename and trademarks 1,118 
Customer base 768 
License 131 
Goodwill 7,733 
Fair value of net assets acquired $ 10,550 
Schedule of Pro Forma Information These unaudited pro forma results for the year ended December 31, 2023 are as follows (in thousands):
(unaudited)
Revenue $ 148,948 
Net loss $ (16,716)