Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Eagle Alcohol (Tables)

v3.22.1
Acquisition of Eagle Alcohol (Tables)
3 Months Ended
Mar. 31, 2022
Acquisition of Eagle Alcohol [Abstract]  
Schedule of pro forma combined financial information assuming the acquisition occurred
    Three Months Ended
March 31,
 
    2022     2021  
             
Revenues – pro forma   $

308,645

    $ 225,486  
Net income (loss) available to common stockholders – pro forma   $ (2,981 )   $ 4,508  
Diluted net income (loss) per share – pro forma   $ (0.04 )   $ 0.06  
Diluted shares     72,339       73,413  

 

Schedule of preliminary purchase price allocation
Cash and equivalents   $ 705  
Accounts receivables     5,529  
Inventories     1,345  
Total current assets     7,579  
         
Property and equipment     1,066  
Right of use assets     2,749  
Total tangible assets   $ 11,394  
         
Current liabilities   $ 6,219  
Right of use liabiltiy     2,749  
Total liabiltiies   $ 8,968  
         
Net tangible assets acquired   $ 2,426  
Customer relationships     6,556  
Tradename     420  
Goodwill     5,958  
Total Purchase Price   $ 15,360