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BUSINESS COMBINATIONS (Tables) | 9 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of final allocation |
Schedule of final allocation |  | Preliminary allocation |
Total purchase consideration |  | $ | 20,706,000 |
Fair value of non-controlling interest |  |  | 6,738,000 |
Total consideration |  | $ | 27,444,000 |
Identifiable net liabilities assumed: |  |  |  |
Cash |  | $ | 1,245,000 |
Prepaid expenses and other current assets |  |  | 55,000 |
Property and equipment |  |  | 5,057,000 |
Note receivable |  |  | 800,000 |
Accounts payable and accrued expenses |  |  | (5,018,000 | )
Convertible notes payable, principal |  |  | (9,734,000 | )
Fair value of embedded derivative |  |  | (1,226,000 | )
Fair value of bifurcated conversion option |  |  | (4,425,000 | )
Fair value of bifurcated put option |  |  | (200,000 | )
Net liabilities assumed |  |  | (13,446,000 | )
Goodwill |  | $ | 40,890,000 |
Schedule of preliminary allocation |
Schedule of preliminary allocation |  | Preliminary Allocation |
Total purchase consideration |  | $ | 10,517,000 |
Fair value of non-controlling interest |  |  | 10,336,000 |
Total consideration |  | $ | 20,853,000 |
Identifiable net assets acquired: |  |  |  |
Cash |  | $ | 2,278,000 |
Accounts receivable |  |  | 9,891,000 |
Prepaid expenses and other current assets |  |  | 673,000 |
Inventories |  |  | 12,840,000 |
Property and equipment, net |  |  | 529,000 |
Right-of-use assets |  |  | 1,073,000 |
Other assets |  |  | 83,000 |
Intangible assets: |  |  |  |
Tradenames (19 year estimated useful life) |  |  | 2,470,000 |
Customer relationships (16 year estimated useful life) |  |  | 1,380,000 |
Proprietary technology (3 year estimated useful life) |  |  | 600,000 |
Accounts payable and accrued expenses |  |  | (10,052,000 | )
Notes payable |  |  | (2,972,000 | )
Lease liabilities |  |  | (1,124,000 | )
Net assets acquired |  |  | 17,669,000 |
Goodwill |  | $ | 3,184,000 |
Schedule of pro forma consolidated results of operations |
Schedule of pro forma consolidated results of operations |  | Nine Months Ended |
|  | September 30, 2022 |
Total revenues |  | $ | 131,609,000 |
Net loss attributable to BitNile Holdings, Inc. |  | $ | (62,202,000 | )
Schedule of preliminary purchase price allocation |
Schedule of preliminary purchase price allocation |  | Preliminary allocation |
Total purchase consideration |  | $ | 6,763,000 |
Fair value of non-controlling interest |  |  | 2,735,000 |
Total consideration |  | $ | 9,498,000 |
Identifiable net assets acquired (liabilities assumed): |  |  |  |
Cash |  | $ | 107,000 |
Trade accounts receivable |  |  | 536,000 |
Inventories |  |  | 5,180,000 |
Prepaid expenses |  |  | 116,000 |
Accrued revenue |  |  | 363,000 |
Property and equipment |  |  | 331,000 |
Right-of-use asset |  |  | 370,000 |
Other long-term assets |  |  | 446,000 |
Intangible assets: |  |  |  |
Tradename (12 year estimated useful life) |  |  | 1,040,000 |
Developed Technology (8 year estimated useful life) |  |  | 1,410,000 |
Existing customer relationships (10-15 year estimated useful life) |  |  | 3,910,000 |
Accounts payable |  |  | (2,831,000 | )
Loans payable, net of discounts and issuance costs |  |  | (387,000 | )
Accrued payroll and benefits |  |  | (1,488,000 | )
Lease obligations |  |  | (491,000 | )
Other current liabilities |  |  | (368,000 | )
Other non-current liabilities |  |  | (17,000 | )
Net assets acquired |  |  | 8,227,000 |
Goodwill |  | $ | 1,271,000 |

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