Amergent Hospitality Group, Inc. Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2021

The assets acquired and liabilities assumed as of the acquisition date consists of the following (in thousands):


Assets acquired:
Cash	$	71
Restricted cash		2,000
Property and equipment		348
Operating lease asset		1,391
Trademark/tradename intangible asset		410
Franchise rights intangible asset		410
Goodwill		51
Deposits and other assets		126
Total assets acquired	$	4,807

Liabilities assumed:
Gift card liability	$	139
Contract liabilities (deferred revenue)		36
Deferred grant income		2,000
Operating lease liabilities		1,438
Total liabilities assumed	$	3,613

Net purchase price	$	1,194