Arcadia Wellness Acquisition (Tables)

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Schedule of Allocation Purchase Price of Assets Acquired at Fair Value at Acquisition Date

The following table presents the allocation of the purchase price of the assets acquired at fair value at the acquisition date.

	Purchase Price Allocation
Inventory	$	840
Prepaid and other current assets		62
Fixed assets		308
Deposits		82
Customer list		360
Trade names and trademarks		2,900
Formulations		260
Goodwill		1,240
Total consideration allocated	$	6,052

Schedule of Unaudited Pro-forma Condensed Consolidated Results of Operations

The following unaudited pro-forma condensed consolidated results of operations for the three months ended March 31, 2022 and 2021, have been prepared as if the acquisition of Arcadia Wellness had occurred on January 1, 2021 and includes adjustments for amortization of intangibles, and the addition to basic and diluted weighted average number of shares outstanding.

	For the three months ended March 31,
	2022 (Pro forma)			2021 (Pro forma)
Total revenues	$	3,220		$	2,313
Net (loss) income		(4,610	)		205
Net (loss) income attributable to common stockholders	$	(4,488	)	$	582
Weighted average shares - Basic and diluted		22,186,993			19,870,362
Net income (loss) per share attributable to common stockholders:
Basic and diluted	$	(0.20	)	$	0.03