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Business Combinations (Tables)
 3 Months Ended
Jul. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of the Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the acquisition date and is based on the best estimate of management, which is subject to change within the measurement period.

 

Fair value of assets acquired and liabilities assumed:    
Cash and cash equivalents  $1,921,662 
Accounts receivable   176,455 
Related party receivables   673,281 
Inventory   3,684,675 
Prepaid expenses   113,200 
Fixed assets   314,042 
Right-of-use asset   1,851,228 
Deposits   219,000 
Intangibles – Trade name   5,228,990 
Goodwill   4,218,445 
Accounts payable and accrued liability   (2,307,942)
Income taxes payable   (107,867)
Royalty liability, current   (12,950)
Deferred tax liability   (1,255,721)
Lease liabilities - short-term   (532,855)
Lease liabilities - long-term   (1,332,273)
Total net assets acquired  $12,851,369 
Summarizes the acquired identifiable intangible assets

The following table summarizes the acquired identifiable intangible assets, acquisition date estimated fair value and estimated useful lives:

 

Summarizes the acquired identifiable intangible assets

Identifiable Intangible Assets  Acquisition Date Fair Value   Useful Life (In Years)
Intangible asset - trade name  $5,228,990   10 years
Schedule of Certain Purchase Accounting and Financing Adjustments

This information gives effect to certain purchase accounting and financing adjustments and is based on the historical financial statements of CEA Industries Inc. It is presented for illustrative purposes only and is not necessarily indicative of the Company’s actual operating results had the Fat Panda Acquisition and related financing occurred on May 1, 2024, nor is it indicative of future results.

 

  

Proforma

For the three months ended July 31, 2025

  

Proforma

For the three months ended July 31, 2024

 
Revenue  $

10,526,669

   $

8,718,970

 
Net Income/(loss)  $

(1,451,472

)  $

127,099