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Business Acquisitions (Tables) - Fast Plastic Parts, LLC and Spring Creek Manufacturing, Inc. Acquisition [Member]
12 Months Ended
Dec. 31, 2021
Business Acquisitions (Tables) [Line Items]  
Schedule of total purchase price to the acquired tangible and intangible assets and liabilities
(Amounts in thousands)  Fair Value 
Inventory  $92 
Prepaid expenses   15 
Property & equipment   1,759 
Operating lease right-of-use-assets   1,048 
Finance lease right-of-use assets   18 
Intangible assets:     
Customer relationships   210 
Trade name   10 
Goodwill   48 
Total assets   3,200 
Current portion of long-term debt   1,271 
Operating lease liabilities, current   167 
Finance lease liabilities, current   7 
Operating lease liabilities, net of current portion   881 
Finance lease liabilities, net of current portion   11 
Deferred tax liability - noncurrent   34 
Total purchase consideration  $829 

 

(Amounts in thousands)  Fair Value 
Inventory  $158 
Prepaid expenses   13 
Intangible assets:     
Technology   6,550 
Customer relationships   5,880 
Trade name   320 
Licenses   350 
Goodwill   8,463 
Total assets   21,734 
Accounts payable   5 
Long-term debt   24 
Deferred tax liability - noncurrent   2,873 
Total purchase consideration  $18,832 

(Amounts in thousands)   Fair Value  
Cash   $ 9  
Accounts receivable     245  
Inventory     358  
Prepaid expenses     1,914  
Property & equipment     202  
Intangible assets:        
Trade Name     409  
Technology     1,770  
Customer Relationships     5,000  
Software     97  
Goodwill     5,849  
Total assets     15,853  
Accounts payable     1,055  
Accrued liabilities     174  
Notes payable     210  
Contract liabilities, current     213  
Accrued warranty liability – long term     236  
Total purchase consideration   $ 13,965  

 

(Amounts in thousands)   Fair Value  
Cash   $ 320  
Accounts receivable     60  
Inventory     1,229  
Prepaid expenses     15  
Other current assets     334  
Property & equipment     148  
Operating lease right-of-use assets     457  
Intangible assets:        
Trade names     440  
Technology     2,480  
Customer relationships     3,460  
Goodwill     6,185  
Total assets     15,128  
Accounts payable     710  
Accrued liabilities     431  
Contract liabilities, current     1,759  
Operating lease liabilities, current     194  
Operating lease liabilities - long term     252  
Total purchase consideration   $ 11,782  

 

(Amounts in thousands)  Fair Value 
Cash  $449 
Accounts receivable   47 
Prepaid expenses   53 
Inventory   825 
Property & equipment   16 
Operating lease right-of-use asset   270 
Intangible assets:     
Trade names   220 
Technology   630 
Customer relationships   400 
Goodwill   3,599 
Total assets   6,509 
Accounts payable   54 
Accrued liabilities   219 
Operating lease liabilities, current   74 
Contract liabilities, current   13 
Notes payable   453 
Operating lease liabilities – long term   196 
Total purchase consideration  $5,500 

 

(Amounts in thousands)  Fair Value 
Property & equipment   6 
Operating lease right-of-use asset   105 
Other Non-Current Assets   2 
Intangible assets:     
Trade names   59 
Technology   610 
Customer relationships   500 
Goodwill   7,953 
Total assets   9,235 
Accounts payable   59 
Operating lease liabilities, current   32 
Notes payable   31 
Operating lease liabilities – long term   74 
Total purchase consideration  $9,039 

 

(Amounts in thousands)   Fair Value  
Cash   $ 41  
Accounts receivable     323  
Inventory     662  
Other Current Assets     6  
Property & equipment, net     72  
Intangible assets:        
Trade names     80  
Customer relationships     470  
Goodwill     1,920  
Total assets     3,574  
Accounts payable     375  
Accrued liabilities     4  
Contract liabilities, current     20  
Notes payable     425  
Total purchase consideration   $ 2,750  

 

(Amounts in thousands)  Fair Value 
Cash  $64 
Accounts receivable   61 
Property & equipment, net   19 
Intangible assets:     
Goodwill   10,137 
Total assets   10,281 
Accounts payable   33 
Accrued liabilities   79 
Other current liabilities   180 
Total purchase consideration  $9,989 

 

Schedule of pro forma combined results of operations
    Year Ended
December 31,
    Year Ended
December 31,
 
(Amounts in thousands)  

2021

(unaudited)

   

2020

(unaudited)

 
Revenue   $ 13,599     $ 15,814  
                 
Net Loss   $ (135,016 )   $ (43,492 )
Weighted average common shares outstanding     80,138       57,874  
Basic and diluted loss per common share   $ (1.68 )   $ (0.75 )