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Significant Transactions (Tables)
3 Months Ended
Mar. 31, 2020
Business Acquisition  
Schedule of proforma net revenue and operating income

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

 

2020

    

2019

 

Net revenue

 

$

204,619,618

 

$

181,724,059

 

Operating income (loss)

 

$

9,082,482

 

$

(4,746,892)

 

 

Summary of results of business acquired

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

 

2020

    

2019

 

Net revenue

 

$

40,724,747

 

$

8,626,378

 

Operating income (loss)

 

$

(5,559,851)

 

$

1,431,523

 

 

Significant Acquisitions In 2020 [Member]  
Business Acquisition  
Summary of consideration

 

 

 

 

Cash consideration

 

$

106,178,017

Equity consideration

 

 

6,248,015

Deferred payments

 

 

14,250

Total

 

$

112,440,282

 

Summary of estimated fair values of the net assets acquired

 

 

 

 

Cash

 

$

337,087

Accounts receivable

 

 

19,573,766

Inventory

 

 

4,780,439

Prepaid and other current assets

 

 

1,334,306

Equipment and other fixed assets

 

 

24,406,410

Goodwill

 

 

74,016,335

Accounts payable and accrued expenses

 

 

(6,494,599)

Contract liabilities

 

 

(2,467,643)

Unfavorable lease liability

 

 

(1,418,931)

Capital lease obligations

 

 

(1,626,888)

Net assets acquired

 

$

112,440,282

 

Significant acquisitions in 2019  
Business Acquisition  
Summary of consideration

 

 

 

 

Cash consideration

 

$

21,562,495

Seller note

 

 

2,000,000

Estimated contingent consideration

 

 

1,500,000

Total

 

$

25,062,495

 

Summary of estimated fair values of the net assets acquired

 

 

 

 

Cash

 

$

117,000

Accounts receivable

 

 

3,691,030

Inventory

 

 

2,468,427

Prepaid and other current assets

 

 

11,835

Equipment and other fixed assets

 

 

1,658,714

Goodwill

 

 

19,381,515

Accounts payable and accrued expenses

 

 

(2,266,026)

Net assets acquired

 

$

25,062,495