| Schedule of Purchase Price Allocation |
The following table presents the fair value of the assets acquired and the liabilities assumed in connection with the business combination. | | | | | | | Net Assets Identified | Fair Value (as finalized on June 30, 2025) | | Intangibles | $ | 1,393,300 | | | Current Assets | 911,478 | | | Deferred Tax Assets | 25,388 | | | Accrued Expenses | (16,908) | | | Net assets acquired | 2,313,258 | | | Goodwill | 686,742 | | | Total purchase price | $ | 3,000,000 | |
The following table presents the fair value of the assets acquired and the liabilities assumed in connection with the business combination. | | | | | | | | | | | | | Net Assets Identified | Fair Value (as previously reported) | Adjustments | Adjusted Fair Value | | Intangibles | $ | 3,400,000 | | $ | — | | $ | 3,400,000 | | | Current Assets | 2,061,706 | | — | | 2,061,706 | | | Deferred Tax Assets | 164,408 | | — | | 164,408 | | | Accrued Expenses | (844,798) | | — | | (844,798) | | | Other Liabilities | (1,906,544) | | — | | (1,906,544) | | | Net assets acquired | 2,874,772 | | — | | 2,874,772 | | | Goodwill | 6,390,425 | | — | | 6,390,425 | | | Total purchase price | $ | 9,265,197 | | $ | — | | $ | 9,265,197 | |
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| Schedule of Intangible Assets Acquired |
Intangible assets were comprised of the following: | | | | | | | | | | | | | Asset Type | Fair Value | Useful Life | Valuation Methodology | | Customer relationships | $ | 1,393,300 | | 10 years | Multi-period excess earnings method | | Total fair value | $ | 1,393,300 | | | |
Intangible assets were comprised of the following: | | | | | | | | | | | | | Asset Type | Fair Value | Useful Life | Valuation Methodology | | Customer relationships | $ | 2,900,000 | | 10 years | Multi-period excess earnings method | | Trade Name | 500,000 | | 3 years | Relief from royalty method | | Total fair value | $ | 3,400,000 | | | |
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