NEXGEL, Inc. Quarterly report [Sections 13 or 15(d)]

Acquisition (Tables)

3 Months Ended

Mar. 31, 2025

	2025			2024
	For the Three Months Ended March 31,
	2025			2024
Revenues, net	$	2,806		$	1,727
Net loss allocable to common shareholders	$	(712	)	$	(871	)
Net loss per share	$	(0.09	)	$	(0.14	)
Weighted average number of shares outstanding		7,645,311			6,071,954

The table below shows an analysis for the Silly George acquisition ($ in thousands):

Schedule of Business Acquisitions

Provisional purchase consideration at preliminary fair value:
Purchase price	$	600
Consideration paid	$	600

Trademark related intangibles	$	600
Intangible assets acquired	$	600

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

Schedule of Business Acquisitions

Purchase consideration at fair value:
Purchase price	$	547
Contingent consideration liability		439
Amount of consideration	$	986
Assets acquired and liabilities assumed at 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		986
Goodwill	$	817

The table below set forth the CGN JV purchase price allocation ($ in thousands):

Schedule of Business Acquisitions

Purchase consideration at fair value:
Cash contributed by the Company	$	500
Noncontrolling interest portion of CG Labs contributed business		500
Amount of consideration	$	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