Acquisition of OneClick (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Purchase Price Allocated to Net Assets Acquired in Transaction

The purchase price was allocated to the net assets acquired in the transaction as follows (in thousands):

Cash	$	1,072
Accounts receivable and due from related parties		6,358
Inventory		1,648
Fixed assets		321
Intangibles		866
Goodwill		4,511
Accounts payable and due to related parties		(6,531	)
Notes payable		(5,433	)
Total	$	2,812

OneClick License, LLC [Member]

Business Acquisition [Line Items]

Summary of Purchase Price Allocated to Net Assets Acquired in Transaction

The purchase price was allocated to the net assets acquired in the transaction as follows (in thousands):

Cash	$	45
Accounts receivable		277
Inventory		275
Fixed assets		44
Intangibles		330
Goodwill		1,425
Other assets		483
Accounts payable		(756	)
Notes payable		(798	)
Other liabilities		(3	)
Total	$	1,322

OneClick Acquisitions [Member]

Business Acquisition [Line Items]

Summary of Unaudited Pro Forma Condensed Combined Statement of Operations

The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2017 below presents the results of the Company as if the OneClick Acquisitions occurred on January 1, 2017 (in thousands). The first column contains the historical results of the Company for 2017, which includes the results of the OneClick entities from October 1, 2017, the date of the Acquisitions, through December 31, 2017. The next three columns contain the pre-acquisition results for the OneClick entities from January 1, 2017 through September 30, 2017.

	Year Ended 12/31/17			9 Months Ended 9/30/17
	As Reported			OneClick License			OneClick International			OneClick Argentino (B)			Pro Forma Adjustments			Notes	Pro Forma Combined
Net sales	$	13,615		$	6,115		$	3,394		$	3,957		$	(4,900	)	A	$	22,181
Cost of sales		12,235			5,265			3,259			2,591			(4,900	)	A		18,450
Gross profit		1,380			850			135			1,366							3,731
Operating expenses		8,094			1,488			326			1,697							11,605
Operating loss		(6,714	)		(638	)		(191	)		(331	)						(7,874	)
Other income (expense):
Interest expense		(1,013	)		(8	)		(225	)		(50	)						(1,296	)
Other income		187			—			—			219							406
Loss before income taxes		(7,540	)		(646	)		(416	)		(162	)						(8,764	)
Provision for income taxes		—			—			—			—							—
Net loss	$	(7,540	)	$	(646	)	$	(416	)	$	(162	)					$	(8,764	)

Note A: This adjustment represents the elimination of intercompany sales.

Note B: These numbers reflect a $904,000 reclassification out of cost of sales and into operating expenses as discussed further in Note 2 under “Prior Period Reclassification.”