Quarterly report [Sections 13 or 15(d)]

BUSINESS COMBINATION (Tables)

v3.25.2
BUSINESS COMBINATION (Tables)
6 Months Ended
Jun. 30, 2025
BUSINESS COMBINATION  
Schedule of assets acquired and liabilities

Fair value of consideration transferred:

 

 

 

Upfront purchase price

 

$ 392,441

 

Royalty payments

 

 

192,365

 

Stock consideration

 

 

153,500

 

Warrant consideration

 

 

89,770

 

Total

 

 

828,076

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

Inventories

 

$ 133,597

 

Trademarks (included in intangibles)

 

 

452,000

 

Customer base (included in intangibles)

 

 

2,709,500

 

Other payable

 

 

(5,307,421 )

Total identifiable net assets

 

$ (2,012,324 )

Goodwill

 

 

2,840,400

 

Schedule of assumptions used for fair value of warrant

Risk-free interest rate

 

 

3.96 %

Expected term (years)

 

 

2.00

 

Expected volatility

 

 

161.00 %

Expected dividends

 

 

0.00

 

Schedule of fair value of the identifiable intangible assets

 

 

Fair Value

 

 

Estimated

useful life

 

Trademark

 

$ 452,000

 

 

Indefinite

 

Customer base

 

 

2,709,500

 

 

 

10

 

Schedule of pro forma financial information

 

 

Three months

ended

June 30,

2025

(Unaudited)

 

 

Three months

ended

June 30,

2024

(Unaudited)

 

 

Six months

ended

June 30,

2025

(Unaudited)

 

 

Six months

ended

June 30,

2024

(Unaudited)

 

Total revenue

 

$ 178,238

 

 

$ 180,493

 

 

$ 313,137

 

 

$ 319,012

 

Net loss

 

$ (1,181,002 )

 

$ (1,358,449 )

 

$ (2,056,819 )

 

$ (2,567,788 )