ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

The table below represents the allocation of the purchase price to the acquired net assets during the six months ended June 30, 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 2021.


	Agron		Aquarius		55 Hydro		Charcoir		San Diego Hydro		Grow Warehouse		Grow Depot Maine		Indoor Garden		Downriver
Inventory	$	—	$	957	$	780	$	839	$	1,400	$	2,450	$	326	$	372	$	824
Prepaids and other current assets	46		12		29		534		36		30		3		—		3
Furniture and equipment	29		63		50		—		315		250		25		94		50
Liabilities	—		—		—		—		—		(169)		—		—		—
Operating lease right of use asset	98		108		861		—		1,079		641		92		137		273
Operating lease liability	(98)		(108)		(861)		—		(1,079)		(641)		(92)		(137)		(273)
Customer relationships	832		339		809		5,712		605		1,256		549		210		634
Trade name	1,530		485		870		1,099		1,192		2,748		344		353		698
Non-compete	139		—		26		—		6		94		36		2		16
Intellectual property	—		—		—		2,065		—		—		—		—		—
Goodwill	8,673		1,702		3,915		6,119		5,728		11,120		866		661		2,126
Total	$	11,249	$	3,558	$	6,479	$	16,368	$	9,282	$	17,779	$	2,149	$	1,692	$	4,351


	Harvest		Aquaserene	Mendocino	CGS		Hoagtech	All Seasons	MMI	Total
Inventory	$	1,204	1,696	753	875		751	100	3,530	$	16,857
Prepaids and other current assets	7		2	1	1		37	1	—	742
Furniture and equipment	100		500	160	100		144	25	328	2,233
Liabilities	—		—	—	—		(29)	—	(250)	(448)
Operating lease right to use asset	3,782		1,177	408	746		1,569	37	2,332	13,340
Operating lease liability	(3,782)		(1,177)	(408)	(746)		(1,569)	(37)	(2,332)	(13,340)
Customer relationships	1,016		1,235	575	1,382		493	154	2,964	18,765
Trade name	1,392		1,231	414	852		428	117	1,039	14,792
Non-compete	—		11	6	11		3	—	238	588
Intellectual property	—		—	—	—		—	—	—	2,065
Goodwill	4,606		6,976	2,091	4,027		2,105	545	1,202	62,462
Total	$	8,325	11,651	4,000	$	7,248	3,932	942	9,051	$	118,056

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		Downriver
Cash	$	5,973	$	2,331	$	5,347	$	9,902	$	4,751	$	8,100	$	1,738	$	1,165	$	3,177
Common stock	5,276		1,227		1,132		6,466		4,531		9,679		411		527		1,174
Total	$	11,249	$	3,558	$	6,479	$	16,368	$	9,282	$	17,779	$	2,149	$	1,692	$	4,351


	Harvest		Aquaserene		Mendocino		CGS		Hoagtech		All Seasons		MMI		Total
Cash	$	5,561	$	9,860	$	4,000	$	5,976	$	3,932	$	701	$	8,270	$	80,784
Common stock	2,764		1,791		—		1,272		—		241		781		37,272
Total	$	8,325	$	11,651	$	4,000	$	7,248	$	3,932	$	942	$	9,051	$	118,056

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 June 30, 2022. Revenue and earnings amounts include other proprietary brands now being included under HRG for operations.


			HRG
Acquisition date			February 1, 2022
Revenue			8,086
Net Income			130

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 June 30, 2021.


	Agron		Aquarius		55 Hydro		Charcoir		San Diego Hydro		Grow Warehouse		Grow Depot Maine		Indoor Garden		Downriver
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		3/31/2021
Revenue	$	6,105	$	2,684	$	2,222	$	1,880	$	3,446	$	6,753	$	2,779	$	2,308	$	1,200
Net Income	$	324	$	365	$	314	$	518	$	547	$	1,297	$	555	$	433	$	176


	Harvest		Aquaserene	Mendocino	CGS	Hoagtech	All Seasons	MMI	Total
Acquisition date	5/3/21		7/19/21	7/19/21	8/24/21	8/23/21	10/15/21	12/31/21
Revenue	$	1,489	—	—	—	—	—	—	$	30,866
Net Income (loss)	$	268	—	—	—	—	—	—	$	4,797

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 and six months ended June 30, 2022 and 2021.


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenue	$	70,939	$	130,535	$	154,542	$	223,993
Net income (loss)	$	(8,626)	$	6,899	$	(13,802)	$	13,046

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 six months ended June 30, 2021.


	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
	(Unaudited)		(Unaudited)
Revenue	$	130,504	$	229,599
Net income	$	12,446	$	19,849