RECENT BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2021

Business Acquisition [Line Items]

SCHEDULE OF PRO FORMA INFORMATION

	Year ended December 31,
	2021				2020
			(Unaudited)				(Unaudited)
	(in thousands)		(in thousands)		(in thousands)		(in thousands)
	As Reported		Pro Forma		As Reported		Pro Forma
Revenues, net	$	185,177	$	214,636	$	54,891	$	142,685
Net loss attributable common shareholders	$	(14,704)	$	(12,868)	$	(16,490)	$	(20,742)

MyStemKits and STEM Education Holdings, Pty

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the fair values of the net assets acquired and the fair value of consideration paid:

	(in thousands)
Assets acquired:
Cash	$	1
Inventories		36
Total assets acquired		37
Total liabilities assumed		(29)
Net assets acquired		8
Identifiable intangible assets:
Customer relationships		42
Trademarks		59
Technology		12
Total identifiable intangible assets subject to amortization		113
Goodwill		154
Consideration paid:
Cash	$	100
Note payable		175
Total consideration paid	$	275

Interactive Concepts BV

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

	(in thousands)
Assets acquired:
Cash	$	1,647
Accounts receivable		1,045
Inventories		191
Property and equipment		37
Total assets acquired		2,920
Accounts payable and accrued expenses		(821)
Deferred tax liability		(230)
Total liabilities assumed		(1,051)
Net tangible assets acquired		1,869
Identifiable intangible assets:
Tradename		220
Customer relationships		745
Total intangible assets subject to amortization		965
Goodwill		439
Total net assets acquired	$	3,273
Consideration paid:
Cash	$	1,795
Deferred cash consideration		1,075
Common shares issued		403
Total consideration paid	$	3,273

Sahara Presentation Systems P L C [Member]

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

The following table summarizes the estimated fair values of the net assets acquired and liabilities assumed, and the estimate of the fair value of consideration paid:

	(in thousands)
Assets acquired:
Cash	$	6,049
Accounts receivable		16,066
Inventories		17,257
Prepaid expenses and other current assets		2,277
Property and equipment		183
Total assets acquired		41,832
Accounts payable and accrued expenses		(8,624)
Deferred revenue		(9,435)
Deferred tax liability		(8,794)
Other liabilities		(293)
Total liabilities assumed		(27,146)
Net tangible assets acquired		14,686
Identifiable intangible assets:
Customer relationships		39,629
Trademarks		5,319
Technology		3,372
Total intangible assets subject to amortization		48,320
Goodwill		16,774
Total net assets acquired	$	79,780
Consideration paid:
Cash	$	50,903
Preferred shares issued		28,877
Total consideration paid	$	79,780

Schedule of Estimated Useful Lives of Acquired Intangible Assets

The following table presents the useful lives over which the acquired intangible assets will be amortized on a straight-line basis, which approximates the pattern by which the related economic benefits of the assets are consumed:

	Estimated
	Weighted Average
	Life (years)
Customer relationships	10
Trademarks	10
Technology	3

FrontRow Calypso, LLC [Member]

Business Acquisition [Line Items]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

		(in thousands)
Assets acquired:
Cash	$	2,752
Accounts receivable		3,381
Inventories		10,240
Prepaid expenses		883
Property and equipment		348
Total assets acquired		17,604
Accounts payable and accrued expenses		(1,501)
Deferred revenue		(1,225)
Other liabilities		(12)
Total liabilities assumed		(2,738)
Net tangible assets acquired	$	14,866
Identifiable intangible assets:
Customer relationships		8,195
Trademarks		3,244
Technology		5,036
Non-compete		391
Total intangible assets subject to amortization		16,866
Goodwill		2,920
Total net assets acquired	$	34,652
Consideration paid:
Cash	$	34,652

Schedule of Estimated Useful Lives of Acquired Intangible Assets

The following table presents the useful lives over which the acquired intangible assets will be amortized on a straight-line basis, which approximates the pattern by which the related economic benefits of the assets are consumed:

	Estimated
	Weighted Average
	Life (years)
Customer relationships	8
Trademarks	10
Technology	8
Non-compete agreements	3