v3.26.1
Note 4 - Asset Acquisition (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Business Combination, Contingent Consideration [Table Text Block]

Common Stock - 38,308 shares issued

 

$

660,805

 

Common Stock - 3,927 shares withheld

 

 

67,742

 

Earnout liabilities

 

 

301,633

 

Estimated costs related to acquisition

 

 

150,000

 

Total estimated value of consideration transferred

 

$

1,180,180

 

Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

Accounts receivable

$

76,555

Inventory

1,286,139

Prepaid expenses and deposits

94,567

Right of use asset

51,721

Property and equipment

47,618

Total assets

1,556,600

Accounts payable

309,974

Customer deposits

13,806

Operating lease liability

52,640

Net assets to be acquired

$

1,180,180

Business Combination, Pro Forma Information [Table Text Block]

 

 

Three months ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net sales from the unaudited condensed consolidated statements of operations

 

$

395,991

 

 

$

503,612

 

 

$

787,755

 

 

$

1,013,965

 

Add: Elevai Skincare net sales not reflected in the unaudited condensed consolidated statements of operations

 

 

 

 

 

 

 

 

 

 

 

152,381

 

Unaudited pro forma net sales

 

$

395,991

 

 

$

503,612

 

 

$

787,755

 

 

$

1,166,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from the unaudited condensed consolidated statements of operations

 

$

(1,883,290

)

 

$

(1,886,438

)

 

$

(3,315,003

)

 

$

(3,392,305

)

Add: Inventory step-up adjustment recognized in cost of sales

 

 

 

 

 

151,689

 

 

 

 

 

 

386,341

 

Add: Elevai Skincare net loss not reflected in the unaudited condensed consolidated statements of operations

 

 

 

 

 

 

 

 

 

 

 

(27,644

)

Unaudited pro forma net loss

 

$

(1,883,290

)

 

$

(1,734,749

)

 

$

(3,315,003

)

 

$

(3,033,608

)