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Balanced Health Botanical Acquisition (Tables) - Balanced Health Botanicals | 9 Months Ended
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Sep. 30, 2021
Business Acquisitions Purchase Price Allocation To Assets Acquired And Liabilities Assumed | The following table shows the preliminary allocation of the purchase price to assets acquired and liabilities assumed, based on estimates of fair value, including a summary of the identifiable classes of consideration transferred, and amounts by category of assets acquired and liabilities assumed at the acquisition date:
Consideration paid |  | Shares |  |  | Share Price |  |  | Amount |
Cash |  |  |  |  |  |  |  |  |  | $ | 30,000 |
Village Farms common shares issued |  |  | 4,707,113 |  |  | $ | 8.87 |  |  |  | 41,752 |
Working capital adjustment |  |  |  |  |  |  |  |  |  | $ | 192 |
Total fair value of consideration |  |  |  |  |  |  |  |  |  | $ | 71,944 |
|  | August 16, 2021 |
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 4,056 |
Trade and other receivables, net |  |  | 1,030 |
Inventories |  |  | 1,796 |
Prepaid expenses and deposits |  |  | 667 |
Property, plant and equipment |  |  | 1,900 |
Right-of-use asset |  |  | 5,099 |
Goodwill |  |  | 69,269 |
Intangibles |  |  | 144 |
Other assets |  |  | 362 |
Total assets |  |  | 84,323 |
LIABILITIES |  |  |  |
Trade payables |  |  | 672 |
Accrued liabilities |  |  | 5,974 |
Deferred revenue |  |  | 192 |
Lease liability |  |  | 5,541 |
Total liabilities |  |  | 12,379 |
Net assets acquired |  |  | 71,944 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma financial information presents the Company’s consolidated results assuming the Balanced Health Acquisition occurred on January 1, 2020.
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Sales |  | $ | 75,872 |  |  | $ | 51,518 |  |  | $ | 214,060 |  |  | $ | 150,283 |
Net income |  | $ | 2,376 |  |  | $ | (134) |  |  | $ | (6,816) |  |  | $ | 250 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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