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VARIABLE INTEREST ENTITIES AND ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Sanabil SA [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES | The following table represents the final allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values: SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES
|  | September 30, |
|  | 2021 |
Consideration paid: |  |  |  |
Cash |  | $ | 332 |
Assumed debt |  |  | 6,548 |
Noncontrolling interest |  |  | 221 |
Total consideration paid |  | $ | 7,101 |
Net assets acquired: |  |  |  |
Current assets |  | $ | 4,665 |
Current liabilities |  |  | (4,416 | )
Accounts receivable |  |  |  |
Inventory |  |  |  |
Other current assets |  |  |  |
Property, plant and equipment |  |  | 5,413 |
Tradename |  |  | 323 |
Customer relationship |  |  | 453 |
Intangible assets |  |  |  |
Goodwill |  |  |  |
Total assets |  |  |  |
Accounts payable |  |  |  |
Other liabilities |  |  |  |
Long-term debt |  |  |  |
Total liabilities |  |  |  |
Other intangible assets |  |  |  |
Total net assets acquired |  |  | 6,438 |
Goodwill |  |  | 663 |
Total consideration paid |  | $ | 7,101 |
The carrying amount of Sanabil SA’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 1,739 |  |  | $ | 2,670 |
Accounts receivable |  |  | 1,001 |  |  |  | 1,944 |
Inventory |  |  | 2,490 |  |  |  | 936 |
Other current assets |  |  | 6,048 |  |  |  | 3,950 |
Property, plant, and equipment |  |  | 4,411 |  |  |  | 5,233 |
Intangible assets |  |  | 652 |  |  |  | 777 |
Goodwill |  |  | 573 |  |  |  | 636 |
Total assets |  | $ | 16,914 |  |  | $ | 16,146 |
Accounts payable |  | $ | 4,170 |  |  | $ | 3,896 |
Other liabilities |  |  | 5,674 |  |  |  | 6,807 |
Long-term debt |  |  | 1,060 |  |  |  | 1,061 |
Total liabilities |  | $ | 10,904 |  |  | $ | 11,764 |
SCHEDULE OF OPERATING REVENUE FROM ACQUISITION | The operating results of Sanabil SA included in the consolidated financial statements are as follows: SCHEDULE OF OPERATING REVENUE FROM ACQUISITION
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Revenues |  | $ | 22,765 |  |  | $ | 4,840 |
Net income |  | $ | 426 |  |  | $ | 179 |
SCHEDULE OF FUTURE RESULTS OF OPERATIONS | SCHEDULE OF FUTURE RESULTS OF OPERATIONS
|  | 2021 |  |  | 2020 |
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (in thousands) |
Revenues |  | $ | 20,028 |  |  | $ | 21,915 |
Net loss |  | $ | (458 | ) |  | $ | (522 | )
MDS Burkina [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES | The following table represents the preliminary allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values: SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES
Consideration paid: |  |  |  |
Cash |  | $ | 6,153 |
Assumed debt |  |  | 7,348 |
Noncontrolling interest |  |  | 1,714 |
Total consideration paid |  | $ | 15,215 |
Net assets acquired: |  |  |  |
Current assets |  | $ | 4,559 |
Current liabilities |  |  | (1,144 | )
Property, plant and equipment |  |  | 9,970 |
Total net assets acquired |  |  | 13,385 |
Goodwill |  |  | 1,830 |
Total consideration paid |  | $ | 15,215 |
The carrying amount of MDS Burkina’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Cash |  | $ | 192 |  |  | $ | 170 |
Accounts receivable |  |  | - |  |  |  | 189 |
Inventory |  |  | 163 |  |  |  | 1,038 |
Other current assets |  |  | 51 |  |  |  | 2,126 |
Property, plant, and equipment |  |  | 8,793 |  |  |  | 9,449 |
Goodwill |  |  | 1,642 |  |  |  | 1,744 |
Total assets |  | $ | 10,841 |  |  | $ | 14,716 |
Accounts payable |  | $ | 172 |  |  | $ | 476 |
Other current liabilities |  |  | 3,190 |  |  |  | 507 |
Long-term debt |  |  | 1,714 |  |  |  | 6,621 |
Total liabilities |  | $ | 5,076 |  |  | $ | 7,604 |
SCHEDULE OF OPERATING REVENUE FROM ACQUISITION | The operating results of MDA Burkina included in the consolidated financial statements are as follows: SCHEDULE OF OPERATING REVENUE FROM ACQUISITION
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Revenues |  | $ | 2,678 |  |  | $ | - |
Net loss |  | $ | (906 | ) |  | $ | (398 | )
SCHEDULE OF FUTURE RESULTS OF OPERATIONS | SCHEDULE OF FUTURE RESULTS OF OPERATIONS
|  | 2021 |  |  | 2020 |
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (in thousands) |
Revenues |  | $ | 520 |  |  | $ | 272 |
Net loss |  | $ | (817 | ) |  | $ | (1,001 | )
MDS Mali [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES | The following table represents the final allocation of the purchase consideration among assets acquired and liabilities assumed at their estimated acquisition date fair values: SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES
Consideration paid: |  |  |  |
Cash |  | $ | 9,579 |
Assumed debt |  |  | 9,723 |
Noncontrolling interest |  |  | 4,037 |
Total consideration paid |  | $ | 23,339 |
Net assets acquired: |  |  |  |
Current assets |  | $ | 16,715 |
Current liabilities |  |  | (7,293 | )
Property, plant and equipment |  |  | 8,289 |
Tradename |  |  | 734 |
Customer relationship |  |  | 1,760 |
Other intangible assets |  |  | 20 |
Total net assets acquired |  |  | 20,225 |
Goodwill |  |  | 3,114 |
Total consideration paid |  | $ | 23,339 |
The carrying amount of MDS Mali’s assets and liabilities included in the consolidated financial statements are as follows on December 31, 2022, and 2021:
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Cash |  | $ | 556 |  |  | $ | 1,011 |
Accounts receivable |  |  | 598 |  |  |  | 1,790 |
Inventory |  |  | 1,306 |  |  |  | 3,132 |
Other current assets |  |  | 3 |  |  |  | 7,571 |
Property, plant, and equipment |  |  | 6,732 |  |  |  | 7,320 |
Intangible assets |  |  | 2,072 |  |  |  | 2,287 |
Goodwill |  |  | 2,749 |  |  |  | 2,919 |
Total assets |  | $ | 14,016 |  |  | $ | 26,030 |
Accounts payable |  | $ | 358 |  |  | $ | 4,493 |
Other current liabilities |  |  | 1,456 |  |  |  | 1,017 |
Long-term debt |  |  | 3,531 |  |  |  | 7,121 |
Total liabilities |  | $ | 5,345 |  |  | $ | 12,631 |
SCHEDULE OF OPERATING REVENUE FROM ACQUISITION | The operating results of MDA Mali included in the consolidated financial statements are as follows: SCHEDULE OF OPERATING REVENUE FROM ACQUISITION
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Revenues |  | $ | 24,061 |  |  | $ | 15,353 |
Net income |  | $ | 271 |  |  | $ | 656 |
SCHEDULE OF FUTURE RESULTS OF OPERATIONS | SCHEDULE OF FUTURE RESULTS OF OPERATIONS
|  | 2021 |  |  | 2020 |
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | (in thousands) |
Revenues |  | $ | 19,348 |  |  | $ | 11,008 |
Net income (loss) |  | $ | 831 |  |  | $ | (19 | )
Trigola [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF OPERATING REVENUE FROM ACQUISITION | The operating results of Trigola included in the consolidated financial statements are as follows for the year ended December 31, 2022, and 2021: SCHEDULE OF OPERATING REVENUE FROM ACQUISITION
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Revenues |  | $ | - |  |  | $ | 953 |
Net loss |  | $ | (378 | ) |  | $ | (47 | )
SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES | The carrying amount of the Trigola’s assets and liabilities included in the consolidated financial statements are as on December 31, 2022, and 2021: SCHEDULE OF BUSINESS COMBINATION ASSETS AND LIABILITIES
|  | 2022 |  |  | 2021 |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Cash |  | $ | 1,943 |  |  | $ | 98 |
Other current assets |  |  | 162 |  |  |  | 400 |
Property, plant, and equipment |  |  | 5,391 |  |  |  | 4,124 |
Total assets |  | $ | 7,496 |  |  | $ | 4,622 |
Accounts payable |  | $ | 7,496 |  |  | $ | 4,122 |
Other current liabilities |  |  | 28 |  |  |  | 161 |
Total liabilities |  | $ | 7,524 |  |  | $ | 4,283 |

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