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BUSINESS COMBINATION (Tables)
12 Months Ended
Dec. 31, 2020
BUSINESS COMBINATIONS  
Schedule of Preliminary allocation

 

 

(in thousands)

 

Assets acquired

 

 

 

Accounts receivable

 

$

51

 

Inventory

 

 

81

 

Prepaid expenses

 

 

241

 

Property, plant and equipment

 

 

80

 

Customer relationships

 

 

3,070

 

Trade name

 

 

690

 

Goodwill

 

 

6,763

 

Other long-term assets

 

 

260

 

Total Assets acquired

 

$

11,237

 

 

 

 

 

 

Liabilities assumed

 

 

 

 

Accounts payable and accrued expenses

 

$

1,481

 

Deferred income

 

 

300

 

Short-term debt

 

 

100

 

Long-term lease liabilities

 

 

108

 

Total liabilities assumed

 

$

1,990

 

Schedule of supplement pro forma information

 

 

For the Year  Ended

 

 

 

12/31/2020

 

 

12/31/2019

 

 

 

 

 

 

 

 

Pro-forma revenues

 

$

15,492

 

 

$

17,984

 

Pro-forma net loss from continuing operations

 

 

(26,088

)

 

 

(50,382

)