| Schedule of Assets Acquired and Liabilities Assumed |
The following table summarizes the final allocation of the purchase price based on the estimated fair value of the assets acquired and liabilities assumed at the acquisition date: | Accounts receivable | | $ | 616,153 | | | Other current assets | | | 2,008,566 | | | Property and equipment, net | | | 14,201,790 | | | Operating lease right-of-use assets | | | 4,752,501 | | | Intangible asset | | | 13,486,184 | | | Deferred tax asset | | | 91,368 | | | Other non-current assets | | | 2,493 | | | Accounts payable | | | (1,866,804 | ) | | Other payables and accrued liabilities | | | (1,100,095 | ) | | Current portion of deferred revenue | | | (465,360 | ) | | Current portion of operating lease liability | | | (248,301 | ) | | Non-current portion of deferred revenue | | | (123,652 | ) | | Non-current portion of operating lease liability | | | (3,273,709 | ) | | Deferred tax liability | | | (4,090,683 | ) | | Total identifiable assets and liabilities | | | 23,990,451 | | | Goodwill | | | 19,843,862 | | | Total Purchase Consideration | | $ | 43,834,313 | |
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| Schedule of Operations |
The following unaudited pro forma financial information represents the consolidated results of operations as if the acquisition had occurred on January 1, 2024: | | | For the year
Ended
December 31,
2024 | | | Revenue | | $ | 51,131,888 | | | Net income | | $ | 847,890 | |
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