v3.26.1
Business Combination
3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination

Note 8. Business Combination

 

On October 3, 2025, the Company acquired all of the outstanding stock of Arps Dairy, a dairy processing company, in a stock purchase accounted for as a business combination (the “Acquisition”). Arps results of operations have been included in the consolidated statement of operations since October 4, 2025. The following unaudited pro forma information presents the consolidated results of operations as if the acquisition had occurred on January 1, 2025:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
Pro forma revenue  $5,632,000   $7,585,000 
Pro forma net loss  $(661,000)  $(1,223,000)
Pro forma net loss per share, basic and fully diluted  $(0.04)  $(0.08)

 

 

This pro forma data is presented for informational purposes only and does not purport to be indicative of the results of future operations or of the results that would have occurred had the acquisition taken place in the periods noted above.