Business Combination (Tables)

9 Months Ended

Sep. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions of Purchase Price at Fair Market Value

The summary of the purchase price and its related allocation at fair market value is as follows:


Shares issued	$	14,000,000
Total Purchase Price	$	14,000,000
Assets acquired
Inventory	$	297,630
Operating lease right-of-use assets	128,433
Other assets	69,480
Brand name	567,000
Backlog	276,000
Customer relationships	900,000
Proprietary technology	3,705,000
Goodwill	8,675,565
Total assets acquired	14,619,108
Liabilities assumed
Accounts payable and accrued expenses	264,493
Customer deposits	196,476
Operating lease liabilities	158,139
Total liabilities assumed	619,108
Total fair value of net assets acquired	$	14,000,000

Schedule of Business Acquisitions of Pro Forma Information

The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of results of operations that would have been achieved had the acquisition taken place on the date indicated, or the future consolidated results of operations of the Company.


	Three months ended September 30, 2024		Nine months ended September 30, 2024
	Consolidated		Consolidated
Revenues	$	1,798,984	$	15,273,294

Net Loss	(12,707,287)		(28,920,491)

Loss per share – basic and diluted	(0.17)		(0.39)

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References + Details

Red Cat Holdings, Inc. 10-Q