v3.19.1
Merger with Cooltech (Tables)
 12 Months Ended
Dec. 31, 2018
Cooltech Holding Corp. [Member]  
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

 

$

1,264

 

Accounts receivable

 

 

2,692

 

Inventory

 

 

3,190

 

Prepaid assets

 

 

1,454

 

Property and equipment

 

 

58

 

Goodwill

 

 

3,343

 

Other assets

 

 

28

 

Accounts payable

 

 

(2,744

)

Accrued expenses

 

 

(2,396

)

Long-term convertible debt

 

 

(735

)

Total

 

$

6,154

 

 

On an unaudited pro forma basis, had the Merger occurred on January 1, 2017, the net sales of the Company for the years ended December 31, 2018 and 2017 would have been $27,088,000 and $37,001,000, respectively, and the net loss of the Company would have been $32,064,000 and $12,210,000, respectively.