Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

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Acquisition (Tables)
 12 Months Ended
Dec. 31, 2023
Business Acquisition [Line Items]  
Schedule of Unaudited Pro-Forma Results of Operations

 Schedule of Unaudited Pro-Forma Results of Operations

    2023     2022  
   

For the Year Ended

December 31,

  
    2023     2022  
Revenues, net   $ 5,522     $ 4,014  
Net loss allocable to common shareholders   $ (3,071 )   $ (4,634 )
Net loss per share   $ (0.54 )   $ (0.83 )
Weighted average number of shares outstanding     5,671,842       5,574,818  
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     439  
Amount of consideration   $ 986  
Assets acquired and liabilities assumed at preliminary fair value        
Inventory     56  
Product/technology related intangibles     77  
Marketing related intangibles     36  
Other liabilities     -  
Net tangible assets acquired   $ 169  
         
Total net assets acquired   $ 169  
Consideration paid     986  
Preliminary goodwill   $ 817  
CG Labs [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

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

 

Provisional purchase consideration at preliminary 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 preliminary 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  
         
Total net assets acquired   $ 1,000  
Consideration paid     1,000  
Preliminary goodwill   $ -