Nanotron Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price is allocated as follows (in thousands):

	Fair Value Allocation
Assets Acquired:
Other receivable	$	44
Developed technology	1,200
Customer relationships	395
Tradename & Trademarks	279
Non-compete agreements	495
Goodwill	520
	$	2,933
Liabilities Assumed:
Deferred Revenue	$	733
	733
Total Purchase Price	$	2,200

The preliminary purchase price is allocated as follows (in thousands):

Intangible assets:
Trademarks	$	296
Webstores & Websites	404
Goodwill	200
Total net assets acquired	900

The preliminary purchase price is allocated as follows (in thousands):

	Fair Value Allocation
Assets Acquired:
Developed technology	$	1,701
Non-compete agreements	399
Total Purchase Price	$	2,100

The preliminary purchase price is allocated as follows (in thousands):

	Fair Value Allocation
Assets acquired:
Cash and cash equivalents	301
Trade and other receivables	576
Inventory	827
Prepaid expenses and other current assets	103
Operating lease right-of-use asset	557
Property, plant, and equipment	433
Tradename	51
Proprietary Technology	1,213
Customer Relationships	1,055
Non-compete Agreements	610
In-Process R&D	505
IP Agreement	178
Goodwill	3,501
Total assets acquired	$	9,910
Liabilities assumed:
Accounts payable	526
Lease liabilities	557
Restructuring Costs	214
Accrued Liabilities	361
Total liabilities assumed	1,658
Estimated fair value of net assets acquired:	$	8,252