| SCHEDULE OF PROFORMA INFORMATION |
SCHEDULE OF PROFORMA INFORMATION
| |
|
Pro forma |
|
|
Pro forma |
|
|
Pro forma |
|
|
Pro forma |
|
| |
|
Three Months |
|
|
Three Months |
|
|
Nine Months |
|
|
Nine Months |
|
| |
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
| |
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
|
July 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Net Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Coda Octopus Group |
|
$ |
5,606,259 |
|
|
$ |
5,476,544 |
|
|
$ |
15,222,103 |
|
|
$ |
15,260,913 |
|
| Precision Acoustics |
|
|
1,458,536 |
|
|
|
1,123,979 |
|
|
|
4,069,866 |
|
|
|
3,701,901 |
|
| Combined Net Revenue |
|
$ |
7,064,795 |
|
|
$ |
6,600,523 |
|
|
$ |
19,291,969 |
|
|
$ |
18,962,814 |
|
| Net Revenue |
|
$ |
7,064,795 |
|
|
$ |
6,600,523 |
|
|
$ |
19,291,969 |
|
|
$ |
18,962,814 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of acquired intangible assets,
pro forma |
|
$ |
(123,656 |
) |
|
$ |
(116,890 |
) |
|
$ |
(357,688 |
) |
|
$ |
(348,917 |
) |
| Coda Octopus Group |
|
|
1,034,037 |
|
|
|
1,274,658 |
|
|
|
2,292,937 |
|
|
|
3,319,784 |
|
| Precision Acoustics |
|
|
372,604 |
|
|
|
290,460 |
|
|
|
1,169,473 |
|
|
|
299,540 |
|
| Combined Net Income |
|
$ |
1,282,985 |
|
|
$ |
1,448,228 |
|
|
$ |
3,104,722 |
|
|
$ |
3,270,407 |
|
| Net Income |
|
$ |
1,282,985 |
|
|
$ |
1,448,228 |
|
|
$ |
3,104,722 |
|
|
$ |
3,270,407 |
|
|
| 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 |
|
|