Quarterly report [Sections 13 or 15(d)]

Acquisition (Tables)

v3.25.2
Acquisition (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination [Line Items]  
Schedule of Unaudited Pro-Forma Results of Operations

  

    2025     2024  
   

For the Six Months Ended

June 30,

  
    2025     2024  
Revenues, net   $ 5,690     $ 3,280  
Net loss allocable to common shareholders   $ (1,377 )   $ (1,780 )
Net loss per share   $ (0.18 )   $ (0.29 )
Weighted average number of shares outstanding     7,649,878       6,208,104  
Silly George Acquisition [Member]  
Business Combination [Line Items]  
Schedule of Business Acquisitions

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

    

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

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

  

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  
CG Converting and Packaging, LLC [Member]  
Business Combination [Line Items]  
Schedule of Business Acquisitions

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

    

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