Exhibit 99.2
The unaudited pro forma balance sheet has been filed in order to show compliance with the Nasdaq requirement that the Company maintain a minimum stockholders' equity of $2.5 million for continued listing. The unaudited pro forma results below present the Company’s balance sheet as if the acquisition of Resource Group completed on June 2, 2025 had been completed on March 31, 2025.
The Company’s independent registered public accounting firm has not conducted an audit or review of, and does not express an opinion or any other form of assurance with respect to, the pro forma balance sheet set forth below. It is possible that the Company or its independent registered public accounting firm may identify items that require the Company to make adjustments to the pro forma balance sheet set forth below.
| March 31, 2025 | Proforma Adjustments | Proforma | |||||||
| (Unaudited) | |||||||||
| Assets | |||||||||
| Current assets: | |||||||||
| Cash | $ | 17,540 | $ | 335,458 | $ | 352,998 | |||
| Accounts receivable | - | 1,506,866 | 1,506,866 | ||||||
| Inventory | - | 738,297 | 738,297 | ||||||
| Prepaid assets and other current assets | 248,811 | 393,234 | 642,045 | ||||||
| Notes receivable | 5,460,672 | - | 5,460,672 | ||||||
| Current Assets | 5,727,023 | 2,973,855 | 8,700,878 | ||||||
| Assets held for sale | 4,400,361 | - | 4,400,361 | ||||||
| Land | 1,058,680 | - | 1,058,680 | ||||||
| Property and equipment, net | 5,680 | 5,734,004 | 5,739,684 | ||||||
| Project development costs and other non-current assets | 96,239 | - | 96,239 | ||||||
| Right of use assets | - | 2,201,771 | 2,201,771 | ||||||
| Equity-based investments | 795,596 | - | 795,596 | ||||||
| Intangible assets, net | 1,022,197 | 13,706,868 | 14,29,065 | ||||||
| Goodwill | - | 6,539,074 | 6,539,074 | ||||||
| Total Assets | $ | 13,105,776 | $ | 31,155,572 | $ | 44,261,348 | |||
| Liabilities and Stockholder’s Equity | |||||||||
| Current liabilities: | |||||||||
| Accounts payable and accrued expenses | $ | 1,824,031 | $ | 2,929,150 | $ | 4,753,180 | |||
| Due to affiliates | - | 2,412,241 | 2,412,241 | ||||||
| Short-term notes payable, net | 8,690,048 | 5,423,789 | 14,113,837 | ||||||
| Lease liabilities | - | 459,638 | 459,638 | ||||||
| Deferred gain on sale | 1,475,000 | - | 1,475,000 | ||||||
| Total current liabilities | 11,989,079 | 11,224,818 | 23,213,896 | ||||||
| Long-term notes payable, net | 815,569 | 9,071,002 | 9,886,571 | ||||||
| Lease liabilities, net of current | - | 1,767,570 | 1,767,570 | ||||||
| Total liabilities | 12,804,648 | 22,063,390 | 34,868,037 | ||||||
| Stockholder’s equity: | |||||||||
| Preferred stock, $0.001 par value, | - | 1,500 | 1,500 | ||||||
| Common stock, $0.001 par value | 2,255 | 377 | 2,633 | ||||||
| Additional paid-in capital | 18,352,993 | 9,090,305 | 27,443,298 | ||||||
| Treasury stock, at cost – 276,475 shares at March 31, 2025 | - | - | - | ||||||
| Accumulated deficit | (18,219,015 | ) | - | (18,219,015 | |||||
| Non-controlling interest | 164,895 | - | 164,895 | ||||||
| Total stockholder’s equity | 301,128 | 9,092,182 | 9,393,311 | ||||||
| Total Liabilities and Stockholder’s Equity | $ | 13,105,776 | $ | 31,155,572 | $ | 44,261,348 | |||