Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

The Halston Heritage Trademark acquisition was accounted for as an asset purchase. The aggregate purchase price has been allocated to the following assets based on the fair value of the assets on the date of acquisition:


($ in thousands)
Allocated to:
Trademarks	$	10,588
Halston archives		200
Total acquisition price	$	10,788

The Halston Heritage Trademarks have been determined by management to have a finite useful life, and accordingly, amortization is recorded in the Company’s consolidated statements of operations. The Halston Heritage Trademarks and archives are amortized on a straight-line basis over their expected useful lives of eighteen and seven years, respectively.

The following represents the aggregate purchase price of $10.8 million:


($ in thousands, except share amounts)
Cash	$	8,350
Fair value of Common Stock issued (777,778 shares)		1,058
Total direct initial consideration		9,408
Direct transaction expenses		480
Contingent obligation		900
Total consideration	$	10,788