Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

v3.19.3
Business Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition.
Pollen Gear LLC (in thousands)
Cash $ 91   
Accounts receivable 546   
Vendor deposits 1,700   
Other deposits 18   
Property and equipment, net 342   
Trade name 918   
Design libraries 1,677   
Goodwill 3,550   
Net liabilities (2,178)  
Total purchase price $ 6,664   
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed 1 The following table summarizes the preliminary purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition. The purchase price allocation for Conscious Wholesale is preliminary pending completion of the fair value analysis of the acquired assets and liabilities:
Conscious Wholesale (in thousands)
Cash $ 812   
Accounts receivable 313   
Inventory, net 1,820   
Other current assets 955   
Trade names 153   
Customer relationships 1,044   
Goodwill 2,264   
Net liabilities (1,494)  
Total purchase price $ 5,867   
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information represents the combined results for the Company, Pollen Gear, and Conscious Wholesale for the three and nine months ended September 30, 2019 and 2018 as if Pollen Gear and Conscious Wholesale had been acquired on January 1, 2018, and their results had been included in the consolidated results of the Company beginning on that date:

Three months ended September 30, Nine months ended September 30,
2019 2018 2019 2018
(in thousands)
Net Sales $ 47,247    $ 46,352    $ 156,114    $ 136,507   
Cost of Goods Sold 39,673    35,082    128,480    103,200   
Gross Profit 7,574    11,270    27,634    33,307   
Net Loss $ (7,943)   $ (339)   $ (29,782)   $ (2,619)