Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS (Tables)

v3.20.2
BUSINESS COMBINATIONS (Tables)
9 Months Ended
Sep. 30, 2020
BUSINESS COMBINATIONS (Tables)  
Schedule of purchase price of assets and liabilities acquired

 

 

(in thousands)

 

Assets acquired

 

 

 

Accounts receivable

 

$ 51

 

Inventory

 

 

81

 

Prepaid expenses

 

 

241

 

Property, plant and equipment

 

 

80

 

Customer relationships

 

 

3,070

 

Trade name

 

 

690

 

Goodwill

 

 

6,763

 

Other long-term assets

 

 

260

 

Total Assets acquired

 

$ 11,237

 

 

 

 

 

 

Liabilities assumed

 

 

 

 

Accounts payable and accrued expenses

 

$ 1,481

 

Deferred income

 

 

300

 

Short-term debt

 

 

100

 

Long-term lease liabilities

 

 

108

 

Total liabilities assumed

 

$ 1,990

 

Schedule of unaudited proforma financial information

 

 

(in thousands)

 

 

 

For the

Nine Months

Ended

 

 

 

September 30,

2020

 

 

 

 

 

Pro-forma revenues

 

$ 11,182

 

Pro-forma net loss from continuing operations

 

$ (52,330 )

  

 

 

(in thousands)

 

 

 

For the

Three Months

Ended

 

 

For the

Nine Months

Ended

 

 

 

September 30,

2019

 

 

September 30,

2019

 

 

 

 

 

 

 

 

Pro-forma revenues

 

$ 5,607

 

 

$ 12,391

 

Pro-forma net loss from continuing operations

 

$ (9,411 )

 

$ (32,440 )