Asset Acquisitions

6 Months Ended

Jun. 30, 2020

Austria

On January 31, 2019, European Distribution Center Motiva BVBA, or EDC, entered into an asset purchase agreement with AFS Medical GMBH, or the Austria Seller, to purchase certain assets from the Austria Seller. The assets purchased included all existing inventory previously sold by the Company to the Austria Seller and all customer relationships and contracts. The aggregate purchase price for the assets purchased was the aggregate sum of book value of the inventory at the time of the transaction plus a cash payment of €293,000, or approximately $335,000, and 12,404 of the Company’s common shares.

The purchase price and allocation of purchase price were as follows:



Purchase Price:	(in thousands)
Cash consideration	$	335
Fair market value of common shares issued on effective date	337

Cash paid for inventory	432
Total purchase price	$	1,104



Allocation of Purchase Price:	(in thousands)
Inventory	$	1,104

As of June 30, 2020, the Company has fully paid for the Austria asset acquisition.