Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

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)