Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Business Acquisition [Line Items]

Pro Forma Information

The acquisition of the Healing Solutions Assets is reflected in the following pro forma information as if the acquisition had occurred on January 1, 2020.

	Three Months Ended March 31
	2020			2021
	(in thousands)
Net revenue as reported	$	25,628		$	48,136
Healing Solution net revenue		14,423			4,600
Net revenue pro forma	$	40,051		$	52,736
Operating loss as reported	$	(13,896	)	$	(27,751	)
Healing Solution operating income		1,004			382
Operating loss pro forma	$	(12,892	)	$	(27,369	)

Summary of Changes in Carrying Value of Estimated Contingent Earn-Out Liabilities

The following table summarizes the changes in the carrying value of estimated contingent earn-out liabilities (in thousands) as of March 31, 2021:

	March 31, 2021
	Smash Assets		Healing Solutions		Total
Beginning Balance at December 31, 2020	$	22,531	$	—	$	22,531
Acquisition date fair value of contingent earn-out liabilities and inventory to be settled in shares		—		16,558		16,558
Change in fair value of contingent earn-out liabilities		15,020		625		15,645
Earn-out payments		—		—		—
Ending Balance	$	37,551	$	17,183	$	54,734

Healing Solutions LLC

Business Acquisition [Line Items]

Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed Based on Estimated Fair Values at Acquisition Date

The following presents the preliminary allocation of purchase price to the assets acquired and liabilities assumed, based on the estimated fair values at acquisition date:

	Amount allocated
	(in thousands)
Cash purchase price	$	15,280
1,387,759 shares of common stock issued at the Closing		39,454
Estimated common share consideration for inventory		5,285
Estimated earnout liability		11,273
Total consideration	$	71,292

Amounts Assigned to Goodwill and Major Intangibles Asset Classifications

The amounts assigned to goodwill and major intangible asset classifications were as follows:

	Total
	(in thousands)
Inventory		8,215
Working Capital	202
Trademarks (10 year useful life)		22,900
Goodwill		39,975
Net assets acquired		71,292