| Schedule of earn-out payable |
| Schedule of earn-out payable | |
| | |
| | |
| | |
| |
| | |
December 31, | | |
Quoted
Prices In
Active
Markets | | |
Significant
Other
Observable
Inputs | | |
Significant
Other
Unobservable
Inputs | |
| Description | |
2025 | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Earn-out payable | |
$ | 4,710,975 | | |
$ | – | | |
$ | – | | |
$ | 4,710,975 | |
| | |
December 31, | | |
Quoted
Prices In
Active
Markets | | |
Significant
Other
Observable
Inputs | | |
Significant
Other
Unobservable
Inputs | |
| Description | |
2024 | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Earn-out payable | |
$ | 4,999,306 | | |
$ | – | | |
$ | – | | |
$ | 4,999,306 | |
|
| Schedule of earnout provision |
| Schedule of earnout provision | |
| | |
| Initial recognition | |
$ | 4,878,704 | |
| Add: imputed interest | |
| 120,602 | |
| December 31, 2024 | |
| 4,999,306 | |
| Add: imputed interest | |
| 211,669 | |
| Less: earnout payment made during the year | |
| (500,000 | ) |
| December 31, 2025 | |
$ | 4,710,975 | |
|
| Schedule of contingent earnout payments |
| Schedule of contingent earnout payments | |
| | |
| For the Performance Period ending | |
| |
| December 31, 2024 | |
$ | 1,000,000 | |
| June 30, 2025 | |
| 1,000,000 | |
| December 31, 2025 | |
| 500,000 | |
| June 30, 2026 | |
| 500,000 | |
| December 31, 2026 | |
| 500,000 | |
| June 30, 2027 | |
| 500,000 | |
| December 31, 2027 | |
| 500,000 | |
| June 30, 2028 | |
| 500,000 | |
| December 31, 2028 | |
| 500,000 | |
| Total contingent earnout payment | |
| 5,500,000 | |
| Less: imputed interest | |
| (289,025 | ) |
| Less: earn-out payable recognized as of December 31, 2024 | |
| (1,000,000 | ) |
| Less: earn-out payable recognized as of December 31, 2025 | |
| (1,500,000 | ) |
| Earn-out payable – non-current portion | |
| 2,710,975 | |
| Earn-out payable – current portion | |
| 2,000,000 | |
| Total earn-out payable | |
$ | 4,710,975 | |
|