| SCHEDULE OF PROFORMA INFORMATION |
SCHEDULE
OF PROFORMA INFORMATION
| |
|
Pro forma |
|
|
Pro forma |
|
|
Pro forma |
|
|
Pro forma |
|
| |
|
Three Months |
|
|
Three Months |
|
|
Six Months |
|
|
Six Months |
|
| |
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
| |
|
April 30, |
|
|
April 30, |
|
|
April 30, |
|
|
April 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Net Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| Coda Octopus Group |
|
$ |
5,718,390 |
|
|
$ |
5,323,178 |
|
|
$ |
9,615,844 |
|
|
$ |
9,784,369 |
|
| Precision Acoustics |
|
|
1,299,069 |
|
|
|
1,466,875 |
|
|
|
2,611,330 |
|
|
|
2,577,922 |
|
| Combined Net Revenue |
|
$ |
7,017,459 |
|
|
$ |
6,790,053 |
|
|
$ |
12,227,174 |
|
|
$ |
12,362,291 |
|
| Net Revenue |
|
$ |
7,017,459 |
|
|
$ |
6,790,053 |
|
|
$ |
12,227,174 |
|
|
$ |
12,362,291 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of acquired intangible assets, pro forma |
|
$ |
(118,734 |
) |
|
$ |
(115,511 |
) |
|
$ |
(234,032 |
) |
|
$ |
(232,029 |
) |
| Coda Octopus Group |
|
|
1,070,974 |
|
|
|
1,415,238 |
|
|
|
1,427,900 |
|
|
|
2,045,126 |
|
| Precision Acoustics |
|
|
125,522 |
|
|
|
(135,384 |
) |
|
|
796,869 |
|
|
|
9,080 |
|
| Combined Net Income |
|
$ |
1,077,762 |
|
|
$ |
1,164,343 |
|
|
$ |
1,990,737 |
|
|
$ |
1,822,177 |
|
| Net Income |
|
$ |
1,077,762 |
|
|
$ |
1,164,343 |
|
|
$ |
1,990,737 |
|
|
$ |
1,822,177 |
|
|
| SCHEDULE OF POTENTIAL EARNOUT PROVISION AMOUNTS |
SCHEDULE OF POTENTIAL EARNOUT PROVISION
AMOUNTS
| Earn Out |
|
2025 FY |
|
|
2026 FY |
|
|
2027 FY |
|
| Revenue Target |
|
$ |
5,334,584 |
|
|
$ |
5,867,914 |
|
|
$ |
6,454,962 |
|
| Pre-Tax Profit Target |
|
$ |
1,046,476 |
|
|
$ |
1,295,597 |
|
|
$ |
1,573,133 |
|
| Earn Out Amount Payable based on Targets |
|
$ |
208,472 |
|
|
$ |
418,223 |
|
|
$ |
652,275 |
|
|