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Acquisition (Tables) | 12 Months Ended
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Jun. 30, 2024
Schedule of revenue from acquisitions |
|  | June 30, |
|  | 2024 |  |  | 2023 |
Cygnet |  |  | 12,154,831 |  |  |  | 23,996,086 |
LuckyTail |  |  | 3,098,552 |  |  |  | 4,489,384 |
|  | $ | 15,253,383 |  |  | $ | 28,485,470 |
Schedule of pro forma |
Pro Forma, Unaudited |  |  |  |  |  |  |  | Proforma |  |  |  |
Year ended June 30, 2023 |  | Upexi, Inc. |  |  | LuckyTail |  |  | Adjustments |  |  | Proforma |
Net sales |  | $ | 36,441,695 |  |  | $ | 892,270 |  |  | $ | - |  |  | $ | 37,333,965 |
Cost of sales |  | $ | 15,421,715 |  |  | $ | 137,088 |  |  | $ | - |  |  | $ | 15,558,803 |
Operating expenses |  | $ | 29,554,402 |  |  | $ | 383,476 |  |  | $ | 66,930 |  |  | $ | 30,004,808 |
Net income (loss) from continuing operations |  | $ | (13,907,590 | ) |  | $ | 371,706 |  |  | $ | (66,930 | ) |  | $ | (13,602,814 | )
Basic income (loss) per common share |  | $ | (15.56 | ) |  | $ | - |  |  | - |  |  | $ | (15.22 | )
Weighted average shares outstanding |  |  | 893,943 |  |  |  | - |  |  |  | - |  |  |  | 893,943 |
LuckyTail [Member] |
Schedule of recognized identified assets acquired, and liabilities assumed |
Cash |  | $ | 2,000,000 |
Cash payment, 90 days after close |  |  | 484,729 |
Cash payment, 180 days after close |  |  | 469,924 |
Contingent consideration |  |  | 112,685 |
Cash payment, working capital adjustment |  |  | 460,901 |
|  | $ | 3,528,239 |
Recognized amounts of identifiable assets acquired, and liabilities assumed: |  |  |  |
Inventory |  | $ | 460,901 |
Trade name |  |  | 383,792 |
Customer list |  |  | 1,834,692 |
Total identifiable net assets |  | $ | 2,679,385 |
Goodwill |  | $ | 848,854 |
Cygnet Online, LLC [Member] |
Schedule of recognized identified assets acquired, and liabilities assumed |
Cash |  | $ | 1,500,000 |
Convertible note payable, convertible at $6.00 per common share |  |  | 1,050,000 |
Common stock, 555,489 shares valued at $5.34 per common share, the closing price on April 1, 2022. |  |  | 2,965,756 |
|  | $ | 5,515,756 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |
Cash |  | $ | 471,237 |
Accounts receivable |  |  | 860,882 |
Inventory |  |  | 2,337,208 |
Prepaid expenses |  |  | 6,900 |
Property and equipment |  |  | 7,602 |
Right to use asset |  |  | 410,365 |
Other asset |  |  | 6,545 |
Online sales channels |  |  | 1,800,000 |
Vendor relationships |  |  | 6,000,000 |
Accrued liabilities |  |  | (701,606 | )
Notes payable |  |  | (7,298,353 | )
Operating lease |  |  | (422,479 | )
Total identifiable net assets |  | $ | 3,478,301 |
Goodwill |  | $ | 2,037,455 |

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