Registration of securities issued in business combination transactions

Significant Transactions (Tables)

v3.23.3
Significant Transactions (Tables)
 12 Months Ended
Dec. 31, 2022
Significant Transactions (Tables) [Line Items]  
Schedule of Fair Value of the Consideration Transferred On April 1, 2021, we completed the acquisition of Viridian, a cannabis business management software provider that is built on SAP Business One. We acquired Viridian in exchange for 51,550 shares of our Common Stock valued at $6.2 million at the date of acquisition. The fair value of the consideration transferred as of the date of acquisition is reflected in the table below (in thousands):

Shares issued

  

$

6,186

Contingent consideration

  

 

2

Total fair value of consideration transferred

  

$

6,188
Schedule of Fair Values of Assets Acquired and Liabilities The presentation below reflects our final purchase price allocation, summarizing the fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Accounts receivable

  

$

556

 

Prepaid expenses and other current assets

  

 

148

 

Capitalized software

  

 

423

 

Acquired technology

  

 

470

 

Customer relationships

  

 

820

 

Acquired trade name

  

 

20

 

Goodwill

  

 

5,408

 

Accounts payable and accrued expenses

  

 

(350

)

Deferred tax liabilities

  

 

(307

)

Deferred revenue

  

 

(1,000

)

Net assets acquired

  

$

6,188

 
365 Cannabis [Member]  
Significant Transactions (Tables) [Line Items]  
Schedule of Fair Value of the Consideration Transferred The fair value of the consideration transferred as of the date of acquisition is reflected in the table below (in thousands):

Shares issued

  

$

11,060

Cash

  

 

4,982

Contingent consideration

  

 

6,300

Total fair value of consideration transferred

  

$

22,342
Schedule of Fair Values of Assets Acquired and Liabilities The presentation below reflects our final purchase price allocation, summarizing the fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):

Cash

  

$

527

 

Accounts receivable

  

 

486

 

Prepaid expenses and other current asset

  

 

261

 

Fixed Assets

  

 

93

 

Non-compete agreement

  

 

80

 

Acquired technology

  

 

1,040

 

Customer relationships

  

 

13,810

 

Acquired trade name

  

 

270

 

Goodwill

  

 

12,489

 

Accounts payable and accrued expenses

  

 

(2,588

)

Deferred tax liabilities

  

 

(826

)

Deferred revenue

  

 

(3,300

)

Net assets acquired

  

$

22,342