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The following table presents the preliminary allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. (Details)
9 Months Ended
Sep. 30, 2022
USD ($)
Business Combination and Asset Acquisition [Abstract]  
Total purchase consideration $ 10,517,000
Fair value of non-controlling interest 10,336,000
Total consideration 20,853,000
Cash 2,278,000
Accounts receivables 9,891,000
Prepaid expenses and other current assets 673,000
Inventories 12,840,000
Property and equipment, net 529,000
Right-of-use assets 1,073,000
Other assets 83,000
Trade names-estimated useful life of 19 years 2,470,000
Customer relationships-estimated useful life of 16 years 1,380,000
Proprietary technology-estimated useful life of 3 years 600,000
Accounts payable and accrued expenses (10,052,000)
Notes payable (2,972,000)
Lease liabilities (1,124,000)
Net assets acquired 17,669,000
Goodwill $ 3,184,000