| Schedule of assets acquired and liabilities |
Acquired Balance Sheet | | | | | | | | Accounts Receivable | | $ | 1,747,939 | | Inventory | | | 10,471,217 | | Property Plant and Equipment | | | 4,322,206 | | Other Assets | | | 291,725 | | Less: Liabilities assumed | | | 2,453,788 | | | | | | | Net Assets Acquired | | | 14,379,299 | | Purchase Price | | | 7,850,000 | | | | | | | Bargain purchase gain | | $ | 6,529,299 | | | | | | | Income Statement | | | | | for the period since acquisition (June 1, 2026) to July 4, 2026 | | | | | | Net Sales | | $ | 1,725,160 | | Cost of Goods Sold | | | (1,718,083 | ) | Gross Margin | | | 7,077 | | Total Selling & Administrative Expense | | | (130,724 | ) | Operating Loss | | | (123,647 | ) | Bargain purchase gain | | | 6,529,299 | | Income before income taxes | | $ | 6,405,652 | |
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