ACQUISITIONS AND BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

A summary of business combinations completed during the year ended December 31, 2022 is as follows:

	NECC		Island (1)		Total
Cash consideration	$	25,000	$	—	$	25,000
Note to seller	2,000		10,000		12,000
Equity consideration - common stock	18,200		6,245		24,445
Equity consideration - warrants	—		732		732
Total Consideration	$	45,200	$	16,977	$	62,177
Assets acquired:
Cash	$	—	$	466	$	466
Accounts receivable	—		511		511
Inventory	1,435		3,599		5,034
Prepaid expenses and other current assets	3		147		150
Property, Plant and equipment, net	16,000		1,887		17,887
Operating lease - right of use asset	—		8,418		8,418
Intangible assets	12,000		7,700		19,700
Total assets acquired	$	29,438	$	22,728	$	52,166
Liabilities assumed:
Accounts payable	$	—	$	1,423	$	1,423
Accrued expenses and other liabilities	—		2,342		2,342
Contract liabilities	—		3,535		3,535
Deferred tax liabilities	2,890		2,181		5,071
Lease liabilities	—		8,418		8,418
Total liabilities assumed	2,890		17,899		20,789
Estimated fair value of net assets acquired	$	26,548	$	4,829	$	31,377
Estimated Goodwill	$	18,652	$	12,148	$	30,800
Net Income (Loss) (2)	$	(2,171)	$	(10,986)	$	(13,157)
Revenues (2)	$	—	$	(119)	$	(119)

(1) During the year ended December 31, 2023, Island Global Holdings was classified as discontinued operations. Refer to Note 18 for further information.

(2) The respective amounts are revenues and net income (loss) recognized in the consolidated statement of operations for the year ended December 31, 2022.

Schedule of Pro Forma Information

The pro forma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods.

	Years Ended December 31,
	2022
Pro Forma Net Income (Loss)	$	(53,071)
Pro Forma Revenues	$	120,305

Schedule of Asset Acquisition

The allocation of the asset acquisition cost is detailed below:

Share consideration	$	2,100
Transaction costs	6
Total Purchase Price	$	2,106
Assets acquired:
Accounts receivable	$	508
Inventory	534
Equipment	142
Intangible assets - tradenames	922
Total assets acquired	$	2,106