Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Business Acquisition Assets and Liabilities

The following allocation of the purchase price was as follows:

(Dollars in thousands)	2019
Consideration given:
338,212 shares of common stock valued at $6.10 per share	$	2,080
Cash		2,003
Notes payable		762
Total value of acquisition	$	4,845
Assets and liabilities acquired:
Cash	$	553
Trade receivables, net		626
Inventories, net		155
Property and equipment, net		1,839
Right-of-use assets		233
Intangible assets - customer list		2,895
Other assets		27
Accounts payable		(232	)
Accrued liabilities		(74	)
Deferred revenue		(52	)
Lease liabilities		(256	)
Notes payable		(869	)
Total	$	4,845

Schedule of Allocation of Purchase Price

The following allocation of the purchase price was as follows:

(Dollars in thousands)	2019
Consideration given:
Deferred consideration payable	$	12,781
Total value of acquisition	$	12,781
Assets acquired:
Inventories, net	$	836
Intangible assets - brand		11,945
Total	$	12,781

Schedule of Pro Forma Financial Information

The following unaudited pro forma consolidated results of operations for the year ended December 31, 2019 assume that both acquisitions of Craft Canning & Bottling and Azuñia were completed on January 1, 2019:

(Dollars in thousands, except per share amounts)	2019
Pro forma sales	$	19,868
Pro forma net loss		(20,350	)
Pro forma basic and diluted net loss per share	$	(2.19	)