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

ACQUISITIONS (Tables)

v3.25.0.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Asset Acquisitions
The following table summarizes the preliminary purchase price allocations as of their respective acquisition dates:
Statewide (1)
RJK (1)
Total
Assets Acquired:
Cash and cash equivalents $ 24  $ 194  $ 218 
Other assets
 —  20  20 
Inventory 24  251  275 
Property, plant and equipment 18  50  68 
Intangible assets (2)
3,787  7,008  10,795 
Total assets acquired $ 3,853  $ 7,523  $ 11,376 
Liabilities Assumed:
Accounts payable and accrued liabilities $ 24  $ 323  $ 347 
Total liabilities assumed $ 24  $ 323  $ 347 
Net assets acquired $ 3,829  $ 7,200  $ 11,029 
Consideration:
Consideration paid in cash, net of working capital adjustments $ 1,838  $ 3,413  $ 5,251 
Consideration to be paid in promissory notes (fair value) 1,991  3,787  5,778 
Fair value of consideration $ 3,829  $ 7,200  $ 11,029 
(1)The Company accounted for these transactions as an asset acquisition after an evaluation of the U.S. GAAP guidance for business combinations. This conclusion was reached based on the determination that the license represented substantially all of the fair value of the gross assets acquired.
(2)Represents licenses, which have 15-year useful lives.