Quarterly report [Sections 13 or 15(d)]

BUSINESS COMBINATION (Tables)

v3.25.3
BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 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

 

$ -

 

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

September 30,

 

 

Nine months ended

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Total revenue

 

$ 635,225

 

 

$ -

 

 

$ 948,362

 

 

$ 7,665

 

Net loss

 

$ (586,370 )

 

$ (1,487,387 )

 

$ (2,643,189 )

 

$ (3,984,469 )