Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)

v3.24.3
BUSINESS COMBINATIONS AND ASSET PURCHASES (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Allocation of Business Acquisition
A summary of the final 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 and (liabilities assumed):
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 three and nine months ended September 30, 2023 are as follows (in thousands):
Three months ended September 30, 2023 Nine months ended September 30, 2023
(unaudited)
Revenue $ 39,150  $ 110,049 
Net loss $ (4,937) $ (6,536)