| Schedule of allocation of assets acquired and liabilities |
| Schedule of allocation of assets acquired and liabilities | |
|
| |
Amount |
| Purchase price | |
| | |
| Cash | |
$ | 250,000 | |
| Allocation of purchase price | |
| | |
| Current assets | |
| | |
| Cash | |
$ | 299,492 | |
| Accounts receivable | |
| 723,181 | |
| Other current assets | |
| 61,109 | |
| | |
| 1,083,782 | |
| Non-current assets | |
| | |
| Property and equipment | |
| 651,752 | |
| Customer relationships | |
| 2,944,000 | |
| Non-compete agreements | |
| 52,000 | |
| Goodwill | |
| 3,427,847 | |
| Deposits | |
| 15,000 | |
| | |
| 7,090,599 | |
| Total Assets acquired | |
$ | 8,174,381 | |
| | |
| | |
| Current liabilities | |
| | |
| Accrued liabilities | |
$ | 253,958 | |
| Related party payables | |
| 804,372 | |
| | |
| 1,058,330 | |
| | |
| | |
| Non-current liabilities | |
| | |
| Bank loans | |
| 4,354,044 | |
| Note payable – related party | |
| 66,741 | |
| Assumed liability | |
| 1,666,306 | |
| Deferred taxation | |
| 778,960 | |
| | |
| 6,866,051 | |
| Total liabilities assumed | |
$ | 7,924,381 | |
| | |
| | |
| Net assets acquired | |
$ | 250,000 | |
|
| Schedule of pro forma revenue and earnings |
| Schedule of pro forma revenue and earnings |
|
|
|
|
| |
|
Revenue |
|
Net
income (loss) |
| Actual for the period from acquisition
to December 31, 2025 |
|
$ |
10,846,266 |
|
|
$ |
39,646 |
|
| |
|
|
|
|
|
|
|
|
| 2025 supplemental pro-forma from January 1, 2025 to
December 31, 2025 |
|
$ |
18,940,509 |
|
|
$ |
(2,176,566 |
) |
| |
|
|
|
|
|
|
|
|
| 2024 supplemental pro-forma from January 1, 2024 to
December 31, 2024 |
|
$ |
16,268,343 |
|
|
$ |
(2,814,928 |
) |
|