Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisitions

v3.25.4
Acquisitions
 12 Months Ended
Dec. 31, 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.
Aggregate net revenue attributable to the Acquisitions of $10.3 million has been included in the Company's consolidated statement of operations since the date of each transaction. Due to the ongoing integration of the acquired businesses, it is impracticable to determine their individual or aggregate impact on net loss or present comparative pro forma financial information