Business Combination Disclosure |
12 Months Ended | |||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||
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| Business Combination Disclosure | NOTE 7 - BUSINESS COMBINATION
On December 1, 2025, the Company completed the acquisition of 100% of the membership interests of Liberty Home Services LLC (“LHS”), a Washington-based provider of home inspection services. The acquisition was effected through the issuance of 20,000 shares of the Company’s common stock.
The transaction was accounted for as a business combination in accordance with ASC 805, Business Combinations. The total purchase consideration, measured at the fair value of $5 per share, was $100,000, as approved by the Company’s board of directors per the Certified Resolution dated August 31, 2025. The purchase price allocation resulted in the recognition of goodwill of $90,066, primarily attributable to expected operational synergies, established customer relationships, and the assembled workforce.
LHS’s results of operations are included in the Company’s consolidated financial results beginning December 1, 2025, and accordingly are included in the consolidated statement of operations for the year ended December 31, 2025.
The allocation of the purchase price to the identifiable assets acquired and goodwill recognized is summarized below: On December 1, 2025, the Company acquired 100% of LHS for 20,000 common shares valued at $100,000 ($5.00 per share). The purchase price was allocated as follows: $100 to Cash, $11,225 to Accounts Receivable, $1,391 to Due from Related Party, and $90,066 to Goodwill.
The allocation of the purchase price to the identifiable assets acquired and goodwill recognized is summarized below:
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