Quarterly report [Sections 13 or 15(d)]

Acquisitions

v3.25.3
Acquisitions
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
In the first quarter of 2025, the Company, in separate transactions, acquired substantially all the assets and certain liabilities of MaddieBrit Products, LLC (“Grab Green”), a company engaged in providing eco-friendly cleaning products, and Tasty Greens, LLC (“8Greens”), a company engaged in providing healthy, nutrient-rich effervescent tablets and gummies (each an “Acquisition”, together the “Acquisitions”). Each Acquisition has been accounted for as a business combination. Consideration paid by the Company for each Acquisition consisted solely of cash.
The following table summarizes the allocation of the consideration to the fair values of the assets acquired and liabilities assumed at each acquisition date (in thousands):
Grab Green 8Greens
Cash paid $ 2,212  $ 636 
Accounts receivable 785  608 
Inventory 1,279  742 
Customer relationships 441  696 
Trademarks 304  537 
Contingent liabilities —  (133)
Accounts payable (597) (1,814)
Total net assets acquired 2,212  636 
Intangible assets acquired will be amortized over periods ranging between 1 and 5 years.
Pro forma financial information related to the Acquisitions has not been presented as the effects of the acquisitions described above were not material to the Company’s condensed consolidated financial results. Revenue and net loss attributable to the Acquisitions have been included in the Company's condensed consolidated statement of operations since the date of each transaction and were not material for the periods presented.