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BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION

 SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION

		TruGolf Nevada
		shares outstanding
		as of immediately
		prior to the Closing
Ordinary Shares, par value $0.01 per share			13,098
Exchange Ratio			570.10:1
Estimated shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon closing			7,467,134

SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS

 SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS

Cash and cash equivalents		$	103,818
Net proceeds from investment fund (PIPE)			2,237,213.00
Accounts payable and accrued expenses			(310,724	)
Loans payable			(1,565,000	)
Net assets		$	465,307
PIPE Convertible Notes Payable assumed in Merger		$	4,650,000
Less: Original Issue Discount of 10%			(465,000	)
PIPE Convertible Notes Payable, net			4,185,000
Payment of closing costs and other expenses			(1,947,787	)
Net proceeds from PIPE Convertible Notes Payable assumed in Merger		$	2,237,213

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

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