Acquisition of G5 Infrared (Tables)

3 Months Ended

Sep. 30, 2025

Acquisition of G5 Infrared

Fair value of consideration transferred

Description	February 18, 2025
Cash consideration	$	20,250,000
Net working capital adjustment		(423,871	)
Equity portion of consideration		4,872,066
Earnout portion of consideration		3,536,471
Revenue clawback		(1,104,471	)
Fair value of consideration transferred	$	27,130,195

Fair value of consideration transferred to assets acquired and liabilities

Description	Preliminary as of March 31, 2025		Measurement Period Adjustments, Net			Final as of June 30, 2025
Assets:
Accounts receivable	$	1,897,098	$	-		$	1,897,098
Inventory		5,065,451		-			5,065,451
Prepaid expenses and other current assets		363,413		-			363,413
Property and equipment		1,542,707		-			1,542,707
Operating lease right-of-use asset		463,985		-			463,985
Goodwill		2,977,344		4,012,450			6,989,794
Other intangible assets		19,295,000		(5,543,000	)		13,752,000
Other assets		21,748		-			21,748
Total assets acquired	$	31,626,746	$	(1,530,550	)	$	30,096,196
Liabilities:
Accounts payable		1,981,164		-			1,981,164
Accrued liabilities		336,263		-			336,263
Operating lease liabilities, current		268,972		-			268,972
Deferred tax liabilities, noncurrent		1,174,650		(1,037,668	)		136,982
Operating lease liabilities, noncurrent		242,620		-			242,620
Total liabilities assumed	$	4,003,669	$	(1,037,668	)	$	2,966,001
Net assets acquired	$	27,623,077	$	(492,882	)	$	27,130,195

Identifiable intangible assets acquired

Intangible Asset	Total		Useful Lives (Years)
Backlog	$	361,000		1
Know-how		4,801,000		10
Tradename		3,450,000		15
Customer relationships		5,140,000		15
Total	$	13,752,000

Schedule of financial results of operations of G5 infrared

	Three Months Ended September 30, 2024
Revenue	$	14,491,485
Income before taxes	$	(909,606	)