| Schedule of Revenue by Source |
The
following table sets forth the Company’s revenue by source:
Schedule of Revenue by Source
| | |
Successor | | |
Predecessor | | |
Successor | | |
Predecessor | | |
Predecessor | |
| | |
Three Months Ended October 31, | | |
Three Months Ended October 31, | | |
Period from
June 7 through October 31, | | |
Period from
May 1 through June 6, | | |
Six Months Ended October 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2025 | | |
2024 | |
| | |
| | |
| | |
| | |
| | |
| |
| CEA equipment and systems sales | |
$ | 193,743 | | |
$ | - | | |
$ | 300,570 | | |
$ | - | | |
$ | - | |
| CEA engineering and other services | |
| 38,846 | | |
| - | | |
| 87,993 | | |
| - | | |
| - | |
| CEA other sales | |
| 21,839 | | |
| - | | |
| 22,827 | | |
| - | | |
| - | |
| Retail Vape sales | |
| 6,240,755 | | |
| - | | |
| 10,827,892 | | |
| 2,761,077 | | |
| 12,800,544 | |
| E-commerce Vape sales | |
| 443,887 | | |
| 6,698,217 | | |
| 278,070 | | |
| 165,818 | | |
| 1,267,923 | |
| Factory direct wholesale Vape sales | |
| 204,415 | | |
| 532,236 | | |
| 203,621 | | |
| 794 | | |
| 214,064 | |
| Franchise fee Vape sales | |
| - | | |
| 206,298 | | |
| - | | |
| - | | |
| 122,887 | |
| Other Vape sales | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Total revenue | |
$ | 7,143,485 | | |
$ | 7,436,751 | | |
$ | 11,720,973 | | |
$ | 2,927,689 | | |
$ | 14,405,418 | |
|
| Schedule of Remaining Performance Obligations Expected to be Recognized |
The
remaining performance obligations expected to be recognized through fiscal year 2026 are as follows (Successor):
Schedule of Remaining Performance Obligations Expected to be Recognized
| | |
Q3FY26 | |
| Remaining performance obligations related to partial equipment & engineering paid contracts | |
$ | 901,786 | |
| Total remaining performance obligations | |
$ | 901,786 | |
|
| Schedule of Sales by Customers Locations in Geographic Regions |
The
Company classifies sales by customers’ locations in two geographic regions: the United States and Canada.
Schedule of Sales by Customers Locations in Geographic Regions
| | |
Three Months Ended October 31, | | |
Three Months Ended October 31, | | |
Period from
June 7 through October 31, | | |
Period from
May 1 through June 6, | | |
Six Months Ended October 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2025 | | |
2024 | |
| United States | |
$ | 254,428 | | |
$ | - | | |
$ | 411,389 | | |
$ | - | | |
$ | - | |
| Canada | |
| 6,889,057 | | |
| 7,436,751 | | |
| 11,309,584 | | |
| 2,927,689 | | |
| 14,405,418 | |
| Total | |
$ | 7,143,485 | | |
$ | 7,436,751 | | |
$ | 11,720,973 | | |
$ | 2,927,689 | | |
$ | 14,405,418 | |
|