v3.25.2
ACQUISITIONS (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
SCHEDULE OF PURCHASE PRICE ALLOCATION

The following table summarizes the purchase price allocation based on fair values of the net assets acquired at the acquisition date:

   July 18, 2024 
Purchase Consideration     
Cash consideration paid  $5,475,000 
Promissory note   1,568,000 
Total Purchase Consideration  $7,043,000 
      
Purchase price allocation     
Inventory  $2,400,000 
Property, plant, and equipment   127,000 
Intangible assets   2,304,000 
Goodwill   2,212,000 
Net assets acquired  $7,043,000 
      
Finite-lived intangible assets     
Trade Names (13 years)  $1,584,000 
Non-Compete Agreement (5 years)   720,000 
Total intangible assets  $2,304,000 

The following table summarizes the purchase price allocation based on fair values of the net assets acquired at the acquisition date:

  

October 1,

2023

 
Purchase Consideration     
Cash consideration paid  $750,000 
Promissory note   718,000 
Total Purchase Consideration  $1,468,000 
      
Purchase price allocation     
Inventory  $851,000 
Intangible assets   291,000 
Right of use asset - Operating lease   1,325,000 
Other liabilities   (31,000)
Operating lease liability   (1,325,000)
Goodwill   357,000 
Net assets acquired  $1,468,000 
      
Finite-lived intangible assets     
Trade Names (8 years)  $291,000 
Total intangible assets  $291,000 
 

The following table summarizes the purchase price allocation based on fair values of the net assets acquired at the acquisition date:

 

  

July 18,

2024

 
Purchase Consideration     
Cash consideration paid  $5,475,000 
Promissory note   1,568,000 
Total Purchase Consideration  $7,043,000 
      
Purchase price allocation     
Inventory  $2,400,000 
Property, plant, and equipment   127,000 
Intangible assets   2,304,000 
Goodwill   2,212,000 
Net assets acquired  $7,043,000 
      
Finite-lived intangible assets     
Trade Names (13 years)  $1,584,000 
Non-Compete Agreement (5 years)   720,000 
Total intangible assets  $2,304,000 
 
SCHEDULE OF UNAUDITED PROFORMA INFORMATION

The following unaudited pro forma summary presents consolidated information of the Company, including GreenAcres Market, as if the business combinations had occurred on January 1, 2024, the earliest period presented herein:

SCHEDULE OF UNAUDITED PROFORMA INFORMATION 

      
   Three Months Ended March 31, 2024 
Sales  $19,842,795 
Net loss  $(724,174)

The following unaudited pro forma summary presents consolidated information of the Company, including Ellwood Thompson’s and GreenAcres Market, as if the business combinations had occurred on January 1, 2023, the earliest period presented herein:

SCHEDULE OF UNAUDITED PROFORMA INFORMATION 

         
   December 31, 
   2024   2023 
Sales  $77,762,430   $80,173,326 
Net loss   (4,791,021)   (11,401,315)