| Schedule of gained on disposal |
Carrying value of net assets of the Genie Division | | | | Inventory | | $ | 2,259,800 | | Fixed Assets | | | 88,700 | | Intangible Assets (Patents) | | | 5,300 | | | | | 2,353,800 | | | | | | | Total consideration received, net of transaction costs | | | | | Cash | | | 9,600,000 | | Less: transaction costs and closing adjustments | | | (1,025,800 | ) | Less: Escrow balance to be recognized upon successful transition | | | (960,000 | ) | | | | 7,614,200 | | | | | | | Gain on disposition | | $ | 5,263,400 | |
|
| Schedule of gained loss calculated |
| | For the years ended | | | | December 31, | | | | 2025 | | | 2024 | | | | | | | | | Net Revenue | | $ | 3,139,900 | | | $ | 5,915,500 | | Cost of Goods Sold | | | 1,564,500 | | | | 3,188,500 | | Gross Profit | | | 1,575,400 | | | | 2,727,000 | | Operating Expenses: | | | | | | | | | General and Administrative | | | 652,100 | | | | 703,300 | | Selling | | | 259,300 | | | | 437,300 | | Research and Development | | | 104,100 | | | | 8,200 | | Total Expenses | | $ | 1,015,500 | | | $ | 1,148,800 | | Income from Discontinued Operations | | $ | 559,900 | | | $ | 1,578,200 | |
|