Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

v3.22.1
Business Combinations (Tables)
3 Months Ended
Mar. 31, 2022
CSI Merger [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

Cash and cash equivalents

$

1,920,000

Investments

3,155,000

Accounts receivable

1,821,000

Inventory

139,000

Other assets

1,316,000

Property, plant, and equipment

118,000

Current assets held for sale

6,567,000

Intangible assets

2,556,000

Goodwill

5,989,000

Total assets

23,581,000

Accounts payable

2,547,000

Accrued expenses

1,013,000

Deferred revenue

149,000

Total liabilities

3,709,000

Net assets acquired

$

19,872,000

HEC Asset Acquisition [Member]  
Business Acquisition [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

Cash and cash equivalents

$

216,000

Accounts receivable

892,000

Inventory

1,572,000

Other assets

108,000

Property, plant, and equipment

182,000

Intangible assets

13,800,000

Goodwill

9,787,000

Total assets

26,557,000

Total liabilities

1,384,000

Net assets acquired

$

25,173,000

Schedule of Proforma Information

Three Months Ended March 31

2022

2021

Net revenue

$

5,525,000 

$

4,463,000 

Net loss

(2,556,000)

(3,164,000)