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Note 12 - Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Merger consideration shares |  |  | 530,502 |
BioLife stock price (as of September 1, 2021) |  | $ | 60.50 |
Value of issued shares |  | $ | 32,095 |
plus: Fair value of BioLife’s existing investment in Sexton |  | $ | 7,951 |
less: Net working capital adjustment |  | $ | (118 | )
Merger Consideration |  | $ | 39,928 |
BioLife shares outstanding (as of March 19, 2021) |  |  | 33,401,359 |
Merger consideration percentage |  |  | 19.9 | %
Merger consideration shares |  |  | 6,646,870 |
less: Merger consideration shares withheld to satisfy outstanding GCI stockholder obligations to GCI |  |  | 10,400 |
Subtotal |  |  | 6,636,470 |
BioLife stock price (as of May 3, 2021) |  | $ | 35.07 |
Value of issued shares |  | $ | 232,741 |
plus: Settlement of BioLife prepaid deposits |  | $ | 2,152 |
plus: Net settlement of BioLife accounts receivable |  | $ | 16 |
Merger Consideration |  | $ | 234,909 |
Cash consideration |  | $ | 15,000 |
Stock consideration |  |  | 17,916 |
Contingent consideration |  |  | 3,663 |
Working capital adjustment |  |  | (53 | )
Total consideration transferred |  | $ | 36,526 |
Cash consideration |  | $ | 11,000 |
Stock consideration |  |  | 4,000 |
Contingent consideration |  |  | 856 |
Total consideration transferred |  | $ | 15,856 |
Stock consideration for 55.6% equity interest purchased |  | $ | 19,932 |
Cash consideration |  | $ | 12,521 |
Contingent consideration |  |  | 1,491 |
Working capital adjustment |  |  | (71 | )
Total consideration transferred |  | $ | 13,941 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Cash |  | $ | 1,516 |
Accounts receivable, net |  |  | 492 |
Inventory |  |  | 1,310 |
Prepaid expenses and other current assets |  |  | 670 |
Property, plant and equipment, net |  |  | 737 |
Operating lease right-of-use assets, net |  |  | 470 |
Developed technology |  |  | 4,132 |
Customer relationships |  |  | 2,276 |
Tradenames |  |  | 2,324 |
Non-compete agreements |  |  | 90 |
Goodwill |  |  | 28,470 |
Accounts payable |  |  | (291 | )
Lease liabilities, operating |  |  | (470 | )
Deferred tax liability |  |  | (1,482 | )
Other liabilities |  |  | (316 | )
Fair value of net assets acquired |  | $ | 39,928 |
Cash |  | $ | 43 |
Accounts receivable, net |  |  | 7,076 |
Inventory |  |  | 15,547 |
Prepaid expenses and other current assets |  |  | 639 |
Property, plant and equipment, net |  |  | 3,512 |
Operating lease right-of-use assets, net |  |  | 1,741 |
Financing lease right-of-use assets, net |  |  | 114 |
Long-term deposits and other assets |  |  | 4 |
Developed technology |  |  | 18,140 |
Customer relationships |  |  | 7,020 |
Tradenames |  |  | 26,640 |
Non-compete agreements |  |  | 1,240 |
In-process research and development |  |  | 67,440 |
Goodwill |  |  | 137,822 |
Accounts payable |  |  | (9,837 | )
Line of credit |  |  | (4,231 | )
Lease liabilities, operating |  |  | (1,880 | )
Lease liabilities, financing |  |  | (114 | )
Long-term debt |  |  | (4,410 | )
Deferred tax liability |  |  | (24,133 | )
Other liabilities |  |  | (7,464 | )
Fair value of net assets acquired |  | $ | 234,909 |
Cash |  | $ | 500 |
Accounts receivable, net |  |  | 945 |
Prepaid expenses and other current assets |  |  | 31 |
Property, plant and equipment, net |  |  | 3,400 |
Customer relationships |  |  | 7,420 |
Tradenames |  |  | 4,020 |
Non-compete agreements |  |  | 660 |
Goodwill |  |  | 24,943 |
Other assets |  |  | 1,547 |
Accounts payable |  |  | (885 | )
Deferred tax liability |  |  | (3,297 | )
Other liabilities |  |  | (2,758 | )
Fair value of net assets acquired |  | $ | 36,526 |
Accounts receivable, net |  | $ | 1,044 |
Inventory |  |  | 3,232 |
Prepaid expenses and other current assets |  |  | 29 |
Property, plant and equipment, net |  |  | 3,615 |
Customer relationships |  |  | 560 |
Tradenames |  |  | 800 |
Developed technology |  |  | 5,430 |
Goodwill |  |  | 2,954 |
Accounts Payable |  |  | (1,197 | )
Other liabilities |  |  | (611 | )
Fair value of net assets acquired |  | $ | 15,856 |
Cash and cash equivalents |  | $ | 1,251 |
Accounts receivable, net |  |  | 753 |
Prepaid expenses and other current assets |  |  | 19 |
Property, plant and equipment, net |  |  | 546 |
Operating right-of-use asset |  |  | 233 |
Assets held for lease |  |  | 2,441 |
Customer relationships |  |  | 80 |
Tradenames |  |  | 1,320 |
Developed technology |  |  | 10,750 |
Goodwill |  |  | 21,037 |
Accounts Payable and accrued expenses |  |  | (807 | )
Deferred tax liabilities |  |  | (1,541 | )
Other liabilities |  |  | (232 | )
Fair value of net assets acquired |  | $ | 35,850 |
Cash and cash equivalents |  | $ | 11 |
Accounts receivable, net |  |  | 154 |
Inventory |  |  | 456 |
Customer relationships |  |  | 160 |
Tradenames |  |  | 470 |
Developed technology |  |  | 2,840 |
In-process research and development |  |  | 650 |
Goodwill |  |  | 9,515 |
Other assets |  |  | 99 |
Accounts Payable |  |  | (250 | )
Other liabilities |  |  | (164 | )
Fair value of net assets acquired |  | $ | 13,941 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
|  | Fair Value |  |  | Useful Life (Years) |
Developed technology |  | $ | 4,132 |  |  |  | 5 | - | 9 |
Customer relationships |  |  | 2,276 |  |  |  |  | 2 |  |
Tradenames |  |  | 2,324 |  |  |  |  | 11 |  |
Non-compete agreements |  |  | 90 |  |  |  |  | 1 |  |
Total identifiable intangible assets |  | $ | 8,822 |  |  |  |  |  |  |
|  | Fair Value |  |  | Useful Life (Years) |
Developed technology |  | $ | 18,140 |  |  |  | 6 |
Customer relationships |  |  | 7,020 |  |  |  | 12 |
Tradenames |  |  | 26,640 |  |  |  | 15 |
Non-compete agreements |  |  | 1,240 |  |  |  | 4 |
In-process research and development |  |  | 67,440 |  |  |  | N/A |
Total identifiable intangible assets |  | $ | 120,480 |  |  |  |  |
|  | Fair Value |  |  | Useful Life (Years) |
Customer relationships |  | $ | 7,420 |  |  |  | 14 |
Tradenames |  |  | 4,020 |  |  |  | 19 |
Non-compete agreements |  |  | 660 |  |  |  | 4 |
Total identifiable intangible assets |  | $ | 12,100 |  |  |  |  |
|  | Fair Value |  |  | Useful Life (Years) |
Customer relationships |  | $ | 560 |  |  |  | 6 |
Tradenames |  |  | 800 |  |  |  | 6 |
Developed technology |  |  | 5,430 |  |  |  | 9 |
Total identifiable intangible assets |  | $ | 6,790 |  |  |  |  |
|  | Fair Value |  | Useful Life (Years) |
Customer relationships |  | $ | 80 |  |  | 6 |  |
Tradenames |  |  | 1,320 |  |  | 9 |  |
Developed technology |  |  | 10,750 |  | 7 | - | 8 |
Total identifiable intangible assets |  | $ | 12,150 |  |  |  |  |
|  | Fair Value |  | Useful Life (Years) |
Customer relationships |  | $ | 160 |  |  | 4 |  |
Tradenames |  |  | 470 |  |  | 9 |  |
Developed technology |  |  | 2,840 |  | 5 | - | 9 |
In-process research and development |  |  | 650 |  |  | N/A |  |
Total identifiable intangible assets |  | $ | 4,120 |  |  |  |  |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | 2021 |  |  | 2020 |
(In thousands) |  | (unaudited) |  |  | (unaudited) |
Total revenue |  | $ | 122,494 |  |  | $ | 50,856 |
Net (loss) income |  | $ | (9,860 | ) |  | $ | (1,028 | )
|  | 2021 |  |  | 2020 |
(In thousands) |  | (unaudited) |  |  | (unaudited) |
Total revenue |  | $ | 143,732 |  |  | $ | 87,370 |
Net income (loss) |  | $ | (16,375 | ) |  | $ | 501 |
|  | 2020 |  |  | 2019 |
(In thousands) |  | (unaudited) |  |  | (unaudited) |
Total revenue |  | $ | 52,613 |  |  | $ | 43,221 |
Net income (loss) |  | $ | 1,798 |  |  | $ | (4,528 | )
|  | 2019 |
(In thousands) |  | (unaudited) |
Total revenue |  | $ | 37,001 |
Net income (loss) |  | $ | (493 | )
|  | 2019 |
(In thousands) |  | (unaudited) |
Total revenue |  | $ | 28,824 |
Net income (loss) |  | $ | (1,518 | )
|  | 2019 |
(In thousands) |  | (unaudited) |
Total revenue |  | $ | 28,745 |
Net income (loss) |  | $ | (183 | )

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