Quarterly report [Sections 13 or 15(d)]

Acquisitions (Tables)

v3.25.3
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2025
Acquisitions [Abstract]  
Schedule of Estimated Fair Value of Total Consideration

The Sale Agreement and the Release Agreement included provisions for indemnification, reimbursement for returned items, handling of assets and liabilities during Gander Group’s wind-down, and certain other matters.

 

Cash   $ 1,099  
Gander release agreement payments     370  
Total consideration   $ 1,469  

 

The following table summarizes the purchase price allocations relating to the Gander Group Acquisition:

 

Accounts receivable   $ 1,717  
Prepaid expenses and other assets     946  
Inventory     939  
Customer relationships     1,458  
Goodwill     2,542  
Trade name     654  
Other long-term assets     58  
Accounts payable and accrued expenses     (4,698 )
Customer deposits     (2,147 )
Total consideration   $ 1,469  
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:
Sales   $ 85,803  
         
Net loss   $ (32 )

 

The following unaudited pro forma financial information reflects the amounts of revenue and net loss of Gander Group included in the consolidated results of operations of the Company for the period from the date of acquisition (August 23, 2024) through September 30, 2024:

 

Sales   $ 3,488  
         
Net loss   $ (187 )