Intangible Assets - Variable Interest Entities (VIE's)

3 Months Ended

Mar. 31, 2026

Intangible Assets - Variable Interest Entities (VIE's)

Intangible Assets - Variable Interest Entities (VIE's)

Note 6. Intangible Assets - Variable Interest Entities (“VIE’s”)

The Company holds a 51% interest in four VIE’s – Viking Ozone, Viking Protection, Viking Sentinel and Viking Distribution – which were formed in order to acquire and monetize the patents and intellectual property for the Company’s medical waste disposal and broken conductor protection technologies.

The initial accounting for these acquisitions was as follows:

	Viking			Viking			Viking			Viking
	Ozone			Sentinel			Protection			Distribution			Total

Purchase price:
Fair value of stock or cash at closing	$	2,000,000		$	233,334		$	4,433,334		$	100		$	6,666,768
Fair value of contingent consideration		495,868			-			939,889			-			1,435,757
Total consideration	$	2,495,868		$	233,334		$	5,373,223		$	100		$	8,102,525

Purchase price allocation:
Intangible asset	$	4,916,057		$	457,518		$	10,059,765		$	196		$	15,433,536
Non-controlling interest		(2,420,189	)		(224,184	)		(4,686,542	)		(96	)		(7,331,011	)
Camber ownership interest	$	2,495,868		$	233,334		$	5,373,223		$	100		$	8,102,525

Contingent Consideration

As part of the initial acquisition of Viking Ozone, the Company agreed to issue additional consideration of 3,333,333 common shares upon the sale of 5 units and an additional 1,666,667 shares upon the sale of 10 units.

As part of the initial acquisition of Viking Protection, the Company agreed to issue additional consideration to the seller in either cash or shares of Series H Preferred stock (convertible into common shares at defined conversion prices), at the seller’s option, upon the attainment of certain unit sales volumes of the broken conductor technology, as follows:

Unit Sales Volume	Additional Purchase Price		No. of Series H Preferred Shares		Conversion Price per Share		No. Underlying Common Shares
10,000 units	$	1,000,000		100	$	0.75		1,333,333
20,000 units		2,000,000		200		1.00		2,000,000
30,000 units		3,000,000		300		1.25		2,400,000
50,000 units		4,000,000		400		1.50		2,666,667
100,000 units		6,000,000		600		2.00		3,000,000
	$	16,000,000		1,600				11,400,000

At March 31, 2026 no additional shares were required to or have been issued.