Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisition (Tables)

v3.25.1
Acquisition (Tables)
 12 Months Ended
Dec. 31, 2024
Business Acquisition [Line Items]  
Schedule of Unaudited Pro-Forma Results of Operations

  

             
   

For the Year Ended

December 31,

  
    2024     2023  
Revenues, net   $ 9,261     $ 10,009  
Net loss allocable to common shareholders   $ (3,245 )   $ (2,775 )
Net loss per share   $ (0.50 )   $ (0.49 )
Weighted average number of shares outstanding     6,511,574       5,671,842  
Silly George Acquisition [Member]  
Business Acquisition [Line Items]  
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  
Kenkoderm Acquisition [Member]  
Business Acquisition [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 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