Acquisition (Tables)
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12 Months Ended |
Jun. 30, 2024 |
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| Schedule of revenue from acquisitions |
| | June 30, | | | | 2024 | | | 2023 | | Cygnet | | | 12,154,831 | | | | 23,996,086 | | LuckyTail | | | 3,098,552 | | | | 4,489,384 | | | | $ | 15,253,383 | | | $ | 28,485,470 | |
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| Schedule of pro forma |
Pro Forma, Unaudited | | | | | | | | Proforma | | | | | Year ended June 30, 2023 | | Upexi, Inc. | | | LuckyTail | | | Adjustments | | | Proforma | | | | | | | | | | | | | | | Net sales | | $ | 36,441,695 | | | $ | 892,270 | | | $ | - | | | $ | 37,333,965 | | Cost of sales | | $ | 15,421,715 | | | $ | 137,088 | | | $ | - | | | $ | 15,558,803 | | Operating expenses | | $ | 29,554,402 | | | $ | 383,476 | | | $ | 66,930 | | | $ | 30,004,808 | | Net income (loss) from continuing operations | | $ | (13,907,590 | ) | | $ | 371,706 | | | $ | (66,930 | ) | | $ | (13,602,814 | ) | Basic income (loss) per common share | | $ | (15.56 | ) | | $ | - | | | - | | | $ | (15.22 | ) | Weighted average shares outstanding | | | 893,943 | | | | - | | | | - | | | | 893,943 | |
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| LuckyTail [Member] |
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| Schedule of recognized identified assets acquired, and liabilities assumed |
Cash | | $ | 2,000,000 | | Cash payment, 90 days after close | | | 484,729 | | Cash payment, 180 days after close | | | 469,924 | | Contingent consideration | | | 112,685 | | Cash payment, working capital adjustment | | | 460,901 | | | | $ | 3,528,239 | | | | | | | Recognized amounts of identifiable assets acquired, and liabilities assumed: | | | | | | | | | | Inventory | | $ | 460,901 | | Trade name | | | 383,792 | | Customer list | | | 1,834,692 | | Total identifiable net assets | | $ | 2,679,385 | | Goodwill | | $ | 848,854 | |
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| Cygnet Online, LLC [Member] |
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| Schedule of recognized identified assets acquired, and liabilities assumed |
Cash | | $ | 1,500,000 | | Convertible note payable, convertible at $6.00 per common share | | | 1,050,000 | | Common stock, 555,489 shares valued at $5.34 per common share, the closing price on April 1, 2022. | | | 2,965,756 | | | | $ | 5,515,756 | | | | | | | Recognized amounts of identifiable assets acquired and liabilities assumed: | | | | | | | | | | Cash | | $ | 471,237 | | Accounts receivable | | | 860,882 | | Inventory | | | 2,337,208 | | Prepaid expenses | | | 6,900 | | Property and equipment | | | 7,602 | | Right to use asset | | | 410,365 | | Other asset | | | 6,545 | | Online sales channels | | | 1,800,000 | | Vendor relationships | | | 6,000,000 | | Accrued liabilities | | | (701,606 | ) | Notes payable | | | (7,298,353 | ) | Operating lease | | | (422,479 | ) | Total identifiable net assets | | $ | 3,478,301 | | Goodwill | | $ | 2,037,455 | |
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