Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.21.1
Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
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) January 14, 2019
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 (in thousands) the purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition.
Conscious Wholesale Estimated Fair Value
as of Acquisition Date
(as Previously Reported)		 Measurement
Period Adjustments		 Estimated Fair Value as of Acquisition Date (as Adjusted)
Cash $ 812  $ —  $ 812 
Accounts receivable 313  —  313 
Inventory, net 1,820  —  1,820 
Other assets 955  184  1,139 
Trade names 153  —  153 
Customer relationships 1,044  175  1,219 
Goodwill 2,264  657  2,921 
Net liabilities (1,494) (184) (1,678)
Total purchase price $ 5,867  $ 832  $ 6,699 
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information represents the combined results for us, Pollen Gear, and Conscious Wholesale for the years ended December 31, 2020 and 2019 as if Pollen Gear and Conscious Wholesale had been acquired by us on January 1, 2019, and their results had been included in our consolidated results beginning on that date (in thousands):

Year Ended December 31,
2019
(Unaudited)
Net Sales $ 193,351 
Cost of Goods Sold 159,252 
Gross Profit 34,099 
Net Loss $ (39,621)