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PROFORMA FINANCIAL STATEMENTS (unaudited)

3 Months Ended

Mar. 31, 2024

PROFORMA FINANCIAL STATEMENTS (unaudited)

NOTE 12 PROFORMA FINANCIAL STATEMENTS (unaudited)

The following pro forma consolidated results of operations have been prepared as if the acquisition occurred on January 1, 2023:

	2023
	Three-month period ended March 31,
	2023
Revenues	$	18,636,969
Net loss	$	(10,349,191	)
Basic and diluted loss per share	$	(0.11	)
Weighted average number of shares outstanding- basic and diluted		90,601,616

These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results to reflect, among other things, 1) additional amortization that would have been charged assuming the fair value adjustments to amortizable intangible assets had been applied, 2) the shares issued and issuable by the Company to acquire Belami, 3) fair value of the initial grant and options to Belami employees, and 4) the increase in interest expense related to the issuance of convertible notes payable, including amortization of debt discount. Furthermore, it excludes transaction costs related to the Belami acquisition. These pro forma results of operations have been prepared for comparative purposes only, and they do not purport to be indicative of the results of operations that would have resulted had the acquisition occurred on the date indicated or that may result in the future.