Business Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Business Acquisitions, by Acquisition

We paid total consideration valued at $8.1 million, which consisted of the following:


(in thousands)	Purchase Consideration
Cash	$	2,403
Class A common stock	2,005
Promissory note	2,503
Contingent consideration - payable in cash	609
Contingent consideration - payable in Class A common stock	609
Total purchase consideration	$	8,129

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price allocation is preliminary pending completion of the fair value analysis of the acquired assets.


(in thousands)	Estimated Fair Value as of Acquisition Date
Inventory	$	92
Developed technology	1,738
Trade name	1,294
Customer relationships	165
Goodwill	4,840
Total purchase price	$	8,129

Business Acquisition, Pro Forma Information

The following table presents pro forma results for the three months ended March 31, 2021 and 2020 as if our acquisition of Eyce had occurred on January 1, 2020, and Eyce's results had been included in our consolidated results beginning on that date (in thousands):


	Three months ended March 31
	2021		2020
	(Unaudited)
Net Sales	$	34,161	$	33,959
Cost of Goods Sold	26,772		26,573
Gross Profit	7,389		7,386
Net Loss	$	(7,982)	$	(17,024)