Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.24.3
Acquisition (Tables)
 9 Months Ended
Sep. 30, 2024
Business Acquisition [Line Items]  
Schedule of Unaudited Pro-Forma Results of Operations

  

    September 30,     September 30,  
    2024     2023  
Revenues, net   $ 3,280     $ 6,638  
Net loss allocable to common shareholders   $ (1,780 )   $ (895 )
Net loss per share   $ (0.28 )   $ (0.16 )
Weighted average number of shares outstanding     6,274,221       5,744,873  
Silly George Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

  

Provisional purchase consideration at preliminary fair value:        
Purchase price   $ 600  
Contingent consideration liability     -  
Consideration paid   $ 600  
Trademark related intangibles     600  
Intangible assets acquired   $ 600  
Kenkoderm Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The table below shows a preliminary analysis for the Kenkoderm acquisition ($ in thousands):

  

Provisional purchase consideration at preliminary fair value:        
Purchase price   $ 547  
Contingent consideration liability     435  
Amount of consideration   $ 982  
Assets acquired and liabilities assumed at preliminary fair value        
Inventory   $  56  
Product/technology related intangibles     77  
Marketing related intangibles     36  
Net tangible assets acquired   $ 169  
         
Total net assets acquired   $ 169  
Consideration paid     982  
Preliminary goodwill   $ 813  
Sports Defense Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The table below shows an analysis for the Sports Defense acquisition:

  

Purchase Consideration at preliminary fair value:        
Purchase price   $ 375  
Amount of consideration   $ 375  
Assets acquired and liabilities assumed at preliminary fair value        
Inventories     21  
Product/Technology related intangibles     31  
Marketing related intangibles     8  
Customer related intangibles     17  
Accounts payable and accrued expenses     (13 )
Other liabilities     -  
Net tangible assets acquired   $ 64  
         
Total net assets acquired   $ 64  
Consideration paid     375  
Preliminary goodwill   $ 311  
CG Labs [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The Company recorded assets acquired and liabilities assumed in connection with the formation of the JV based on their estimated fair values as of the March 1, 2023. The purchase price allocation is as follow ($ in thousands):

  

Purchase consideration at fair value:      
Cash contributed by the Company   $ 500  
Noncontrolling interest portion of CG Labs contributed business     500  
Consideration Paid   $ 1,000  
Assets acquired and liabilities assumed at fair value        
Cash contributed by the Company     500  
Fixed assets     213  
Product/technology related intangibles     217  
Marketing related intangibles     70  
Net tangible assets acquired   $ 1,000