Bloomia Acquisition (Tables)

9 Months Ended

Sep. 30, 2024

Bloomia Acquisition

Schedule of purchase price to asets and liabilities

Fair value of purchase consideration
Cash consideration	$	34,919,000
Equity in subsidiary issued (noncontrolling interest)		2,990,000
Seller bridge loans		15,451,000
Total fair value of consideration	$	53,360,000
Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents	$	739,000
Accounts receivable		3,430,000
Inventories		12,493,000
Prepaid and other		2,509,000
Property and equipment		11,740,000
Intangible assets		26,870,000
Equity method investment		167,000
Finance lease - right of use assets		22,000
Operating lease - right of use assets		34,289,000
Other assets		358,000
Total assets acquired		92,617,000
Accounts payable		2,064,000
Accrued expenses		3,066,000
Finance lease liabilities - current		13,000
Operating lease liabilities - current		945,000
Finance lease liabilities - long-term		9,000
Operating lease liabilities - long-term		33,344,000
Deferred tax liabilities		10,290,000
Total liabilities assumed		49,731,000
Net identifiable assets acquired		42,886,000
Goodwill		10,474,000
Total consideration transferred	$	53,360,000

Schedule of pro forma information

 

	Three Months Ended			Nine Months Ended
	September 30, 2024			September 30, 2024
Revenue, net	$	6,628,000		$	33,955,055
Net loss attributable to Lendway		(1,125,000	)		(2,552,000	)