v3.26.1
Acquisition of Caring Brands, Inc., a Florida Corporation – a Related Party
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisition of Caring Brands, Inc., a Florida Corporation – a Related Party

Note 9 - Acquisition of Caring Brands, Inc., a Florida Corporation – a Related Party

 

On September 24, 2024, the Successor entered into a separation and exchange agreement with Safety Shot, Inc., a related part, (“Shot”) pursuant to which, Shot exchanged its right, title and interest in and to Caring Brands, Inc., a Florida corporation (the “Predecessor”), free and clear of all liens and encumbrances, and in exchange thereof, the Successor paid no cash or other asset consideration; however, the Successor agreed to assume all future obligations of the Predecessor. The separation has been accounted for as a related party transaction in which the assets and liabilities are recorded at their respective historical value. The assets and liabilities assumed in the transaction are as follows:

 

      
Cash  $132,650 
Prepaid expenses   48,175 
Total Assets   180,825 
      
Accounts payable  $160,167 
Accrued liabilities   7,885 
Intercompany debt   657,311 
Total liabilities   825,363 
      
Net book value  $(644,538)

 

 

The following unaudited pro forma statement of operations for the year ended December 31, 2024, reflects the separation pursuant to the Separation Agreement, as if it occurred on January 1, 2024.

 

           Pro Forma     
   Successor   Predecessor   Adjustments   Pro Forma 
                 
Revenue  $465   $-   $-   $465 
Cost of revenue   2,072    -    -    2,072 
Gross profit   (1,607)   -    -    (1,607)
Operating expenses   871,214    654,573    -    1,525,787 
Interest expense (income)   (10,030)   67    -            (9,963)
Net Income (loss)  $(862,791)  $(654,640)  $-   $(1,517,431)