| Schedule of pro forma operating results |
| | | | | | | | | | | | | | | Pro Forma (Unaudited) | | Pro Forma (Unaudited) | | | Three Months ended March 31, | | Nine Months ended March 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | Revenue | | $ | 12,661,363 | | $ | 12,115,672 | | $ | 36,620,064 | | $ | 33,950,021 | Cost of revenue | | | 6,394,283 | | | 6,633,740 | | | 18,766,015 | | | 18,601,290 | Gross profit | | | 6,267,080 | | | 5,481,932 | | | 17,854,049 | | | 15,348,731 | | | | | | | | | | | | | | Total operating expenses | | | 5,710,158 | | | 5,394,269 | | | 16,557,589 | | | 16,591,696 | | | | | | | | | | | | | | Income (loss) from operations | | | 556,922 | | | 87,663 | | | 1,296,460 | | | (1,242,965) | | | | | | | | | | | | | | Other income (expense) | | | (327,042) | | | 31,228 | | | (2,316,404) | | | 548,967 | | | | | | | | | | | | | | Income (loss) from operations before provision for income taxes | | | 229,880 | | | 118,891 | | | (1,019,944) | | | (693,998) | Provision for income taxes | | | (13,410) | | | (42,590) | | | (74,816) | | | (82,049) | | | | | | | | | | | | | | Pro Forma Net income (loss) | | $ | 216,470 | | $ | 76,301 | | $ | (1,094,760) | | $ | (776,047) | Pro Forma Net income (loss) per weighted average share, basic and diluted | | $ | 0.01 | | $ | — | | $ | (0.04) | | $ | (0.03) |
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| Schedule of fair value of tangible assets, identifiable intangible assets, and assumed liabilities |
| | | | | | | In thousands | | ResoluteAI | | Scite | Fair value of consideration | | | | | | | Cash | | $ | 2,774 | | $ | 7,217 | Holdback cash paid | | | 125 | | | 175 | Common Stock (2,729,014 shares at $2.40 per share) | | | — | | | 6,549 | Contingent earn-out | | | 1,867 | | | 7,194 | Total purchase price | | | 4,766 | | | 21,135 | | | | | | | | Allocation of the consideration to the fair value of assets acquired and liabilities assumed: | | | | | | | Cash and cash equivalents | | | 59 | | | — | Accounts receivable | | | 132 | | | 109 | Prepaid expenses | | | 43 | | | — | Accounts payable and accrued expenses | | | (33) | | | (27) | Deferred revenue | | | (649) | | | (997) | Other current liabilities | | | (60) | | | (18) | Net tangible assets | | | (508) | | | (933) | | | | | | | | Intangible assets: | | | | | | | Developed technology | | | 2,000 | | | 8,800 | Customer relationships | | | 100 | | | 70 | Net identifiable intangible assets | | | 2,100 | | | 8,870 | | | | | | | | Goodwill | | | 3,174 | | | 13,198 | | | | | | | | Fair value of net assets acquired | | $ | 4,766 | | $ | 21,135 |
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