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Acquisition (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Summary of Aggregate Fair Values of Assets Acquired

The following summarizes the aggregate fair values of the assets acquired during 2019 as of the date of the Acquisition:

 

Inventories

$

306

 

Intangible assets

 

3,595

 

Goodwill

 

1,709

 

Total assets acquired

$

5,610

 

Summary of Intangible Assets

Intangible assets in the table above consist of the following:

 

 

Intangible Assets

 

 

Useful Life

 

Customer relationships - Walmart

$

1,900

 

 

 

13

 

Customer relationships - other customers

 

430

 

 

 

10

 

Trade names - Kids N Pets

 

700

 

 

 

25

 

Trade names - Messy Pet

 

180

 

 

 

10

 

Formulas and batching processes

 

370

 

 

 

10

 

Non-compete

 

15

 

 

 

5

 

 

$

3,595

 

 

 

 

 

Summary of Selected Unaudited Pro Forma Condensed Consolidated Statements of Operations

The following table summarizes selected unaudited pro forma condensed consolidated statements of operations data for the years ended December 31, 2019 and 2018 as if the Paramount Acquisition had been completed on January 1, 2018.

 

 

2019

 

 

2018

 

Net sales

$

30,834

 

 

$

39,918

 

Net (loss) income

$

(489

)

 

$

2,419