| Schedule of Consolidated Statement of Operations |
The
impact of the correction of the error is summarized below:
| Condensed
Consolidated Statement of Operations | |
Three
Months Ended September 30,
2024 (Successor) | |
| | |
As Reported | | |
Adjustment | | |
As
Restated | |
| | |
| | |
| | |
| |
| Change
in fair value of FPA liability | |
$ | (4,209,294 | ) | |
$ | 5,190,631 | | |
$ | 981,337 | |
| Total
Other Income (expense) | |
| (6,681,902 | ) | |
| 5,190,631 | | |
| (1,491,271 | ) |
| Loss
before income taxes | |
| (4,697,096 | ) | |
| 5,190,631 | | |
| 493,535 | |
| Net
income (loss) | |
| (3,841,171 | ) | |
| 5,190,631 | | |
| 1,349,460 | |
| Net
income (loss) attributable to EON Resources, Inc. | |
| (3,841,171 | ) | |
| 5,190,631 | | |
| 1,349,460 | |
| Net
income (loss) per share of common stock – basic and diluted | |
$ | (0.67 | ) | |
$ | 0.91 | | |
$ | 0.24 | |
| Condensed
Consolidated Statement of Operations | |
Nine
Months Ended September 30,
2024 (Successor) | |
| | |
As Reported | | |
Adjustment | | |
As
Restated | |
| | |
| | |
| | |
| |
| Change
in fair value of FPA liability | |
$ | (4,534,766 | ) | |
$ | 5,190,631 | | |
$ | 655,865 | |
| Total
Other Income (expense) | |
| (10,969,550 | ) | |
| 5,190,631 | | |
| (5,778,919 | ) |
| Loss
before income taxes | |
| (11,577,447 | ) | |
| 5,190,631 | | |
| (6,386,816 | ) |
| Net
income (loss) | |
| (9,172,468 | ) | |
| 5,190,631 | | |
| (3,981,837 | ) |
| Net
income (loss) attributable to EON Resources, Inc. | |
| (9,172,468 | ) | |
| 5,190,631 | | |
| (3,981,837 | ) |
| Net
income (loss) per share of common stock – basic and diluted | |
$ | (1.67 | ) | |
$ | 0.95 | | |
$ | (0.73 | ) |
|
| Schedule of Consolidated Balance Sheet |
| Condensed
Consolidated Balance Sheet | |
As
of September 30,
2024 (Successor) | |
| | |
As Reported | | |
Adjustment | | |
As
Restated | |
| | |
| | |
| | |
| |
| Forward
purchase agreement liability | |
$ | 5,628,863 | | |
$ | 5,190,631 | | |
$ | 438,232 | |
| Total
current liabilities | |
| 44,782,226 | | |
| 5,190,631 | | |
| 39,591,595 | |
| Total
liabilities | |
| 79,043,688 | | |
| 5,190,631 | | |
| 73,853,057 | |
| Accumulated
deficit | |
| (28,291,213 | ) | |
| 5,190,631 | | |
| (23,100,582 | ) |
| Total
stockholders’ deficit attributable to EON Resources, Inc. | |
| (6,425,818 | ) | |
| 5,190,631 | | |
| (1,235,187 | ) |
| Total
stockholders’ equity | |
| 24,134,996 | | |
| 5,190,631 | | |
| 29,325,627 | |
| Total
liabilities and stockholders’ equity | |
$ | 103,178,684 | | |
$ | 5,190,631 | | |
$ | 108,369,315 | |
|
| Schedule of Consolidated Statement of Cash Flows |
| Condensed
Consolidated Statement of Cash Flows | |
Nine
Months Ended September 30,
2024 (Successor) | |
| | |
As Reported | | |
Adjustment | | |
As
Restated | |
| | |
| | |
| | |
| |
| Net
income (loss) | |
$ | (9,172,468 | ) | |
$ | 5,190,631 | | |
$ | (3,981,837 | ) |
| Change
in fair value of FPA liability | |
| (4,534,766 | ) | |
| 5,190,631 | | |
| 655,865 | |
| Net
cash provided by operating activities | |
$ | 3,346,362 | | |
$ | - | | |
$ | 3,346,362 | |
|