Quarterly report pursuant to Section 13 or 15(d)

T R Miller Acquisition (Tables)

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T R Miller Acquisition (Tables)
 6 Months Ended
Jun. 30, 2024
T R Miller Acquisition [Abstract]  
Schedule of Estimated Fair Value of Total Consideration The following table summarizes the estimated fair value of the total consideration required to be paid pursuant to the T R Miller Purchase Agreement as of the T R Miller Closing Date:
Cash   $ 1,000  
Cash adjustment for working capital     1,123  
Present value of installment payments     951  
Fair value of earn-out payments     467  
Total consideration   $ 3,541  
The following table summarizes the purchase price allocations relating to the T R Miller Acquisition:
Accounts receivable   $ 1,622  
Prepaid expense     5  
Inventory     882  
Customer relationships     1,170  
Goodwill     720  
Right of use asset - office leases     837  
Accounts payable and accrued expenses     (591 )
Unearned revenue     (285 )
Lease liability     (819 )
Total consideration   $ 3,541  
Schedule of Pro Forma Financial Information The pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transactions been effected on the assumed date:
    June 30,
2023		  
Sales   $ 41,125  
Costs of sales     28,120  
Gross profit     13,005  
Operating expenses     14,259  
Loss from operations     (1,254 )
Other income (expense)        
Other income     36  
Interest income (expense), net     187  
Realized gain (loss) on investments     73  
      296  
Loss before taxes     (958 )
Provision for income taxes     3  
Net loss     (961 )
         
Net loss per share - basic & diluted   $ (0.05 )
Weighted average shares outstanding - basic & diluted     18,540,648