| SCHEDULE OF PROFORMA INFORMATION |
SCHEDULE
OF PROFORMA INFORMATION
| | |
Pro forma | | |
Pro forma | | |
Pro forma | | |
Pro forma | |
| | |
Three Months | | |
Three Months | | |
Six Months | | |
Six Months | |
| | |
Ended | | |
Ended | | |
Ended | | |
Ended | |
| | |
April 30, | | |
April 30, | | |
April 30, | | |
April 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Net Revenue | |
| | |
| | |
| | |
| |
| Coda Octopus Group | |
$ | 5,718,390 | | |
$ | 5,323,178 | | |
$ | 9,615,844 | | |
$ | 9,784,369 | |
| Precision Acoustics | |
| 1,299,069 | | |
| 1,466,875 | | |
| 2,611,330 | | |
| 2,577,922 | |
| Combined Net Revenue | |
$ | 7,017,459 | | |
$ | 6,790,053 | | |
$ | 12,227,174 | | |
$ | 12,362,291 | |
| Net Revenue | |
$ | 7,017,459 | | |
$ | 6,790,053 | | |
$ | 12,227,174 | | |
$ | 12,362,291 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Income | |
| | | |
| | | |
| | | |
| | |
| Amortization of acquired intangible assets, pro forma | |
$ | (118,734 | ) | |
$ | (115,511 | ) | |
$ | (234,032 | ) | |
$ | (232,029 | ) |
| Coda Octopus Group | |
| 1,070,974 | | |
| 1,415,238 | | |
| 1,427,900 | | |
| 2,045,126 | |
| Precision Acoustics | |
| 125,522 | | |
| (135,384 | ) | |
| 796,869 | | |
| 9,080 | |
| Combined Net Income | |
$ | 1,077,762 | | |
$ | 1,164,343 | | |
$ | 1,990,737 | | |
$ | 1,822,177 | |
| Net Income | |
$ | 1,077,762 | | |
$ | 1,164,343 | | |
$ | 1,990,737 | | |
$ | 1,822,177 | |
|
| SCHEDULE OF POTENTIAL EARNOUT PROVISION AMOUNTS |
SCHEDULE OF POTENTIAL EARNOUT PROVISION
AMOUNTS
| Earn Out | |
2025 FY | | |
2026 FY | | |
2027 FY | |
| Revenue Target | |
$ | 5,334,584 | | |
$ | 5,867,914 | | |
$ | 6,454,962 | |
| Pre-Tax Profit Target | |
$ | 1,046,476 | | |
$ | 1,295,597 | | |
$ | 1,573,133 | |
| Earn Out Amount Payable based on Targets | |
$ | 208,472 | | |
$ | 418,223 | | |
$ | 652,275 | |
|