v3.26.3
Acquisition of Acheron Systems (Pty) Ltd. - Related Party (Tables)
 6 Months Ended
Aug. 31, 2026
Business Combination [Abstract]  
Schedule of preliminary purchase price allocation for the acquisition of acheron
The preliminary purchase price allocation for the acquisition of Acheron is summarized as follows:
 
Preliminary acquisition consideration
 
 
Ordinary no-par-value shares of Petra
 
$
33,828
 
Total preliminary acquisition consideration
 
$
33,828
 
 
 
 
Fair value of net assets acquired
 
 
Cash and cash equivalents
 
$
3,754
 
Accounts receivable
 
 
20,188
 
Provisional tax paid
 
 
67
 
Property and equipment
 
 
29,440
 
Accounts payable and accrued liabilities
 
 
(4,093
)
Related party loan
 
 
(15,528
)
Total fair value of net assets acquired
 
$
33,828
 
 
 
 
Noncontrolling interest at acquisition
 
$
14,659
 
Company’s share in acquired net assets
 
 
19,169
 
Total fair value of net assets acquired
 
$
33,828
 
Schedule of unaudited pro forma consolidated result of operations
The following unaudited pro forma consolidated result of operations for the three and six month ended August 31, 2026 assuming the acquisition of Acheron Systems (Pty) Ltd. was completed on March 1, 2026:
 
 
 
Three Month Ended
August 31, 2026
 
 
 
 
Six Month Ended
August 31, 2026
 
 
Pro-forma total revenues
 
$
302,772
 
 
$
608,083
 
Pro-forma net income (loss) attributable to UPAY Inc.
 
$
(724,112
)
 
$
(847,421
)