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ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of purchase price

The table below represents the allocation of the purchase price to the acquired net assets during the six months ended June 30, 2021.

			Agron						Aquarius						55 Hydro						Charcoir						San Diego Hydro
Inventory			$	—					$	957					$	780					$	839					$	1,400
Prepaids and other current assets			29						12						29						534						36
Furniture and equipment			46						63						50						—						315
Liabilities			—						—						—						—						—
Operating lease right to use asset			87						—						853						—						970
Operating lease liability			(87)						—						(853)						—						(970)
Customer relationships			832						339						809						5,712						605
Trade name			1,530						485						870						1,099						1,192
Non-compete			139						—						26						—						6
Intellectual property			—						—						—						2,065						—
Goodwill			8,673						1,702						3,915						6,119						5,728
Total			$	11,249					$	3,558					$	6,479					$	16,368					$	9,282

						Grow Warehouse						Grow Depot Maine						Indoor Garden						Down River Hydro						Harvest						Total
Inventory						$	2,448					$	326					$	372					$	824					$	1,204					$	9,150
Prepaids and other current assets						30						3						—						3						7						683
Furniture and equipment						250						25						94						50						100						993
Liabilities						(169)						—						—						—						—						(169)
Operating lease right to use asset						94						91						129						—						—						2,224
Operating lease liability						(94)						(91)						(129)						—						—						(2,224)
Customer relationships						1,256						549						210						634						1,016						11,962
Trade name						2,748						344						353						698						1,392						10,711
Non-compete						94						36						2						16						—						319
Intellectual property						—						—						—						—						—						2,065
Goodwill						11,122						866						661						2,126						4,606						45,518
Total						17,779						2,149						1,692						$	4,351					$	8,325					$	81,232

The table below represents the consideration paid for the net assets acquired in business combinations.

			Agron						Aquarius						55 Hydro						Charcoir						San Diego Hydro
Cash			$	5,973					$	2,331					$	5,347					$	9,902					$	4,751
Common stock			5,276						1,227						1,132						6,466						4,531
Total			$	11,249					$	3,558					$	6,479					$	16,368					$	9,282

			Grow Warehouse						Grow Depot Maine						Indoor Garden						Down River Hydro						Harvest						Total
Cash			$	8,100					$	1,738					$	1,165					$	3,177					$	5,561					$	48,045
Common stock			9,679						411						527						1,174						2,764						33,187
Total			$	17,779					$	2,149					$	1,692					$	4,351					$	8,325					$	81,232

The table below represents the allocation of the purchase price to the acquired net assets during the six months ended June 30, 2020.

			H2O Hydroponics LLC			Health & Harvest LLC			Total
Inventory			$	498		$	1,054		$	1,552
Prepaids and other current assets			4			—			4
Furniture and equipment			50			51			101
Right to use asset			902			192			1,094
Lease liability			(902)			(192)			(1,094)
Customer relationships			150			255			405
Trade name			234			357			591
Non-compete			43			6			49
Goodwill			1,008			1,130			2,138
Total			$	1,987		$	2,853		$	4,840

The table below represents the consideration paid for the net assets acquired in business combinations.

			H2O Hydroponics LLC			Health & Harvest LLC			Total
Cash			$	1,282		$	1,750		$	3,032
Common stock			705			1,103			1,808
Total			$	1,987		$	2,853		$	4,840

Schedule of revenue and earnings included in consolidated income statement

The following table discloses the date of the acquisitions noted above and the revenue and earnings included in the consolidated income statement for the period ended June 30, 2021.

			Agron						Aquarius						55 Hydro						Charcoir						San Diego Hydro
Acquisition date			3/19/2021						3/15/2021						3/15/2021						3/12/2021						2/22/2021
Revenue			$	6,105					$	2,684					$	2,222					$	1,880					$	3,446
Net Income			$	324					$	365					$	314					$	518					$	547

			Grow Warehouse						Grow Depot Maine						Indoor Garden						Down River Hydro						Harvest						Total
Acquisition date			2/15/2021						2/1/2021						1/25/2021						4/19/2021						5/24/21
Revenue			$	6,753					$	2,779					$	2,308					$	1,200					$	1,489					$	5,986
Net Income			$	1,297					$	555					$	433					$	176					$	268					$	905

The following table discloses the date of the acquisitions noted above and the revenue and earnings included in the consolidated income statement from the date of acquisition to the period ended June 30, 2020.

			H2O Hydroponics LLC			Health & Harvest LLC			Total
Acquisition date			6/26/20			2/26/2020
Revenue			$	227		$	2,300		$	2,527
Earnings			$	28		$	462		$	490

Schedule of proforma consolidated income statement

The following represents the pro forma consolidated income statement as if the acquisitions had been included in the consolidated results of the Company for the entire period for the quarter ended June 30, 2021 and 2020.

			Three Months Ended						Six Months Ended
			June 30, 2021 (Unaudited)						June 30, 2021 (Unaudited)
Revenue			$	130,504					$	229,599
Net income			$	12,446					$	19,849

			Three Months Ended						Six Months Ended
			June 30, 2020 (Unaudited)						June 30, 2020 (Unaudited)
Revenue			$	40,501					$	90,126
Net income			$	1,849					$	2,352

The following represents the pro forma consolidated income statement as if the acquisitions had been included in the consolidated results of the Company for the entire period for the six months ended June 30, 2020 and 2019.

Pro forma consolidated income statement:

			Three Months Ended						Six Months Ended
			June 30, 2019						June 30, 2019
Revenue			$	21,759					$	37,122
Earnings			$	1,149					$	1,465

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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)
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