XML 46 R30.htm IDEA: XBRL DOCUMENT v3.25.3
Business Combinations (Tables)
 6 Months Ended
Oct. 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.

 

          
   As Initially Reported   Adjustment Increase (Decrease)   Revised Amount 
Cash and cash equivalents  $1,924,558   $-   $1,924,558 
Accounts receivable   176,720    (48,829)   127,891 
Related party receivables   674,296         674,296 
Inventory   3,690,227    (20,316)   3,669,911 
Prepaid expenses   113,371    (33,064)   80,307 
Fixed assets   314,515         314,515 
Right-of-use asset   1,854,018         1,854,018 
Deposits   219,330         219,330 
Intangibles – Trade name   5,236,869         5,236,869 
Goodwill   4,206,487    (76,442)   4,130,045 
Accounts payable and accrued liability   (2,311,420)   46,526    (2,264,894)
Income taxes payable   (108,030)        (108,030)
Deferred tax liability   (1,257,613)        (1,257,613)
Lease liabilities - short-term   (533,659)        (533,659)
Current portion of royalty liabilities   (12,970)   12,970    - 
Lease liabilities - long-term   (1,334,281)        (1,334,281)
Total net assets acquired  $12,852,418   $(119,155)  $12,733,263 
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   Proforma 
  

For the six

month ended October 31, 2025

  

For the six

months ended October 31, 2024

 
Revenue  $17,268,150   $16,635,529 
Net Income/(loss)  $285,495   $(2,189,859)

 

   Proforma   Proforma 
   For the three months ended October 31, 2025   For the three months ended October 31, 2024 
Revenue  $6,741,480   $7,916,559 
Net Income/(loss)  $1,736,967   $(2,311,958)