BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of final allocation of the purchase price to the assets acquired and liabilities assumed

The following presents the final allocation of the purchase price to the assets acquired and liabilities assumed on August 6, 2018:


	(in thousands)
Total Purchase Consideration	$	16,687
Cash and cash equivalents		220
Accounts receivable		1,311
Inventories		2,197
Prepaid expenses and other current assets		361
Property and equipment		13,935
Goodwill		1,742
Total assets acquired		19,766
Accounts payable and other current liabilities		2,413
Deferred revenue		666
Total liabilties assumed		3,079
Net assets acquired	$	16,687

Schedule of unaudited proforma condensed financial information for the results of operations

The following unaudited pro forma condensed combined financial information summarizes the results of operations for the periods indicated as if the WellSpring acquisition had been completed as of January 1, 2017.


	Years Ended December 31,
(in thousands)	2018		2017(1)
Net revenues	$	208,213	$	188,758
Net income/(loss)	$	13,287	$	(3,102)

Net loss for the year ended December 31, 2017 includes the impact to WellSpring of $4.4 million of related party debt forgiveness.