Clever Leaves General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of reconciliation of elements of business combination

		Recapitalization
Cash – SAMA trust and cash, net of redemptions		$	86,644
Cash – SAMA PIPE			6,000
Non-cash PIK			(2,881	)
Cash assumed from SAMA			698
Cash consideration to certain Clever Leaves shareholders			(3,057	)
Less: transaction costs and advisory fees			(13,895	)
Net Business Combination		$	73,509
Non-cash PIK			2,881
Deferred issuance costs			1,503
Warranty liability			(29,841	)
Net liabilities assumed from SAMA			(258	)
Net contributions from Business Combination		$	47,794

		Recapitalization (Restated)(a)
Cash – SAMA trust and cash, net of redemptions		$	86,644
Cash – SAMA PIPE			6,000
Non-cash PIK			(2,881	)
Cash assumed from SAMA			698
Cash consideration to certain Clever Leaves shareholders			(3,057	)
Less: transaction costs and advisory fees			(13,895	)
Net Business Combination		$	73,509
Non-cash PIK			2,881
Deferred issuance costs			1,503
Warrant liability			(29,841	)
Net liabilities assumed from SAMA			(258	)
Net contributions from Business Combination		$	47,794

Schedule of recognized identified assets acquired and liabilities assumed

		Amounts recognized at April 30, 2019
Current assets		$	293
Inventory			4,640
Capital assets			9
Intangible – Customer contract			925
Intangible – Customer relationships			1,000
Intangible – Customer list			650
Intangible – Brand name			4,500
Intangible – Product formulations			16
Goodwill			1,682
Total assets acquired			13,715
Current liabilities			286
Total liabilities acquired			286
Total consideration transferred		$	13,429

Schedule of finite-lived intangible assets acquired as part of business combination

		Amounts recognized at April 30, 2019			Weighted-Average Remaining Useful Life at April 30, 2019 (in years)
Finite-lived intangible assets:
Customer contracts		$	925		8.7
Customer relationships			1,000		5.6
Customer list			650		5.0
Brand			4,500		10.0
Product formulations			16		5.0
Total finite-lived intangible		$	7,091

Schedule of business acquisition, pro forma information

Unaudited Pro Forma Results		Unaudited Pro-Forma Results Year Ended December 31, 2019
Net Sales		$	12,774
Loss from operations, before income taxes		$	(43,432	)