NEXGEL, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Acquisition

Schedule of preliminary analysis for the Sports Defense acquisition


Provisional 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

Schedule of unaudited pro-forma results of operations


		For the Year Ended December 31,
		2021			2020
Revenues, net		$	267		$	254
Net loss allocable to common shareholders		$	(655)		$	(500)
Net loss per share		$	(0.01)		$	(0.01)
Weighted average number of shares outstanding			101,555,284			66,836,296