Gaia completes Yoga International acquisition; FY2020 revenue $14.8M, net income $189K

GAIA, INC

Yoga International FY2020 net revenue $14.78M, net income $189K; cash $1.74M, deferred revenue $1.72M.
Yoga International had negative working capital of ~$1.5M at Dec 2020, but positive operating cash flow $3.04M.
Pro forma combined financial statements for FY2020 and nine months ended Sep 2021 filed as exhibits.
PPP loan of $445K assumed by Gaia; fully forgiven in Jan 2021.

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