ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

The table below represents the allocation of the purchase price to the acquired net assets during the three months ended March 31, 2022.


	HRG
Inventory	$	4,170
Prepaids and other current assets	76
Furniture and equipment	148
Operating lease right of use asset	666
Operating lease liability	(666)
Customer relationships	2,430
Trademark	496
Non-compete	255
Goodwill	5,816
Total	$	13,391

The table below represents the consideration paid for the net assets acquired in business combinations.


	HRG
Cash	$	6,806
Indemnity stock holdback	875
Common stock	5,710
Total	$	13,391

The table below represents the allocation of the purchase price to the acquired net assets during the three months ended March 31, 2021.


	Agron		Aquarius		55 Hydro		Charcoir		San Diego Hydro		Grow Warehouse		Grow Depot Maine		Indoor Garden		Total
Inventory	$	—	$	957	$	780	$	839	$	1,400	$	2,450	$	326	$	372	$	7,124
Prepaids and other current assets	46		12		29		534		36		30		3		—		690
Furniture and equipment	29		63		50		—		315		250		25		94		826
Liabilities	—		—		—		—		—		(169)		—		—		(169)
Operating lease right of use asset	98		108		861		—		1,079		641		92		137		3,016
Operating lease liability	(98)		(108)		(861)		—		(1,079)		(641)		(92)		(137)		(3,016)
Customer relationships	832		339		809		5,712		605		1,256		549		210		10,312
Trade name	1,530		485		870		1,099		1,192		2,748		344		353		8,621
Non-compete	139		—		26		—		6		94		36		2		303
Intellectual property	—		—		—		2,065		—		—		—		—		2,065
Goodwill	8,673		1,702		3,915		6,119		5,728		11,120		866		661		38,784
Total	$	11,249	$	3,558	$	6,479	$	16,368	$	9,282	$	17,779	$	2,149	$	1,692	$	68,556

The table below represents the consideration paid for the net assets acquired in business combinations.


	Agron		Aquarius		55 Hydro		Charcoir		San Diego Hydro		Grow Warehouse		Grow Depot Maine		Indoor Garden		Total
Cash	$	5,973	$	2,331	$	5,347	$	9,902	$	4,751	$	8,100	$	1,738	$	1,165	$	39,307
Common stock	5,276		1,227		1,132		6,466		4,531		9,679		411		527		$	29,249
Total	$	11,249	$	3,558	$	6,479	$	16,368	$	9,282	$	17,779	$	2,149	$	1,692	$	68,556

Schedule of revenue and earnings included in consolidated income statement

The following table discloses the date of the acquisition noted above and the revenue and earnings included in the Condensed Consolidated Statement of Operations for the period ended March 31, 2022.


			HRG
Acquisition date			February 1, 2022
Revenue			3,436
Net Income			—

The following table discloses the date of the acquisitions noted above and the revenue and earnings included in the consolidated income statement for the period ended March 31, 2021.


	Agron		Aquarius		55 Hydro		Charcoir		San Diego Hydro		Grow Warehouse		Grow Depot Maine		Indoor Garden		Total
Acquisition date	3/19/2021		3/15/2021		3/15/2021		3/12/2021		2/22/2021		2/15/2021		2/1/2021		1/25/2021
Revenue	$	230	$	185	$	328	$	276	$	1,001	$	2,168	$	993	$	805	$	5,986
Net Income	$	22	$	16	$	32	$	101	$	117	$	294	$	205	$	118	$	905

Schedule of proforma consolidated income statement

The following represents the pro forma Condensed Consolidated Statement of Operations as if the acquisition had been included in the consolidated results of the Company for the entire period for the three months ended March 31, 2022 and 2021.


	Three Months Ended		Three Months Ended
	March 31, 2022 (Unaudited)		March 31, 2021 (Unaudited)
Revenue	$	83,603	$	93,458
Net income	$	(5,176)	$	6,147

The following table discloses the pro forma consolidated statement of operations as if the acquisition had been included in the consolidated results of the Company for the three months ended March 31, 2021.


	Three Months Ended March 31, 2021
	(Unaudited)
Revenue	$	99,095
Net income	$	7,403