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Acquisition (Table)
6 Months Ended
Dec. 31, 2022
Acquisition  
Schedule Of assets and liabilities of VitaMedica

Tangible Assets

 

$860,738

 

Intangible Assets

 

 

1,935,000

 

Goodwill

 

 

960,780

 

Liabilities Acquired

 

 

(199,929 )

Total Purchase Price

 

$3,556,589

 

Schedule Of assets and liabilities of Interactive

Tangible Assets

 

$413,465

 

Intangible Assets

 

 

2,631,000

 

Goodwill

 

 

2,889,158

 

Liabilities Acquired

 

 

(1,099,993)

Total Purchase Price

 

$4,833,630

 

Schedule Of assets and liabilities of Cygnet

Tangible Assets

 

$3,683,829

 

Intangible Assets

 

 

7,800,000

 

Goodwill

 

 

2,037,455

 

Liabilities Acquired

 

 

(8,421,284)

Total Purchase Price

 

$5,100,000

 

Schedule Of assets and liabilities of Lucky Tail

Tangible Assets

 

$490,822

 

Intangible Assets

 

 

2,664,000

 

Goodwill

 

 

336,000

 

Liabilities Acquired

 

 

-

 

Total Purchase Price

 

$3,490,822

 

Schedule Of assets and liabilities of E-Core

Tangible Assets

 

$15,540,288

 

Intangible Assets

 

 

7,250,000

 

Goodwill

 

 

8,988,076

 

Liabilities Acquired

 

 

(7,712,168)

Total Purchase Price

 

$24,066,196

 

Schedule of revenue from acquisitions

 

 

December 31,

 

 

 

2022

 

 

2021

 

VitaMedica

 

$3,561,264

 

 

$2,406,266

 

Interactive

 

 

683,322

 

 

 

853,017

 

Cygnet

 

 

14,607,180

 

 

 

-

 

LuckyTail

 

 

2,219,234

 

 

 

-

 

E-core

 

 

13,647,412

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

$34,718,412

 

 

$3,259,283

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

VitaMedica

 

$1,943,955

 

 

$1,417,483

 

Interactive

 

 

345,110

 

 

 

-

 

Cygnet

 

 

7,359,661

 

 

 

-

 

LuckyTail

 

 

1,394,459

 

 

 

-

 

E-core

 

 

13,647,412

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

$24,690,597

 

 

$1,417,483

 

Schedule of pro forma

Pro Forma, Unaudited

 

 

 

 

 

 

 

Proforma

 

 

 

 

Three months ended December 31, 2022

 

Grove, Inc.

 

 

E-Core

 

 

Adjustments

 

 

Proforma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$27,086,672

 

 

$3,483,909

 

 

$

 

 

$30,570,581

 

Cost of sales

 

$16,773,493

 

 

$2,968,750

 

 

$

 

 

$19,742,243

 

Operating expenses

 

$12,451,600

 

 

$414,994

 

 

$97,222

 

 

$12,963,816

 

Net income (loss) from continuing operations

 

$2,877,005

 

 

$82,823

 

 

$(97,222)

 

$2,862,606

 

Basic income (loss) per common share

 

$0.16

 

 

$0.27

 

 

$

 

 

$0.16

 

Weighted average shares outstanding

 

 

17,540,427

 

 

 

311,851

 

 

 

 

 

 

 

17,852,278

 

Pro Forma, Unaudited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended December 31, 2022

 

Grove, Inc.

 

 

LuckyTail

 

 

E-Core

 

 

Adjustments

 

 

Proforma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$38,643,683

 

 

$892,270

 

 

$12,905,836

 

 

$

 

 

$52,441,789

 

Cost of sales

 

$22,289,773

 

 

$137,088

 

 

$11,177,032

 

 

$

 

 

$33,603,893

 

Operating expenses

 

$21,466,482

 

 

$383,476

 

 

$1,050,602

 

 

$561,721

 

 

$23,462,281

 

Net income (loss) from continuing operations

 

$176,996

 

 

$371,706

 

 

$660,860

 

 

$(561,721)

 

$647,841

 

Basic income (loss) per common share

 

$0.01

 

 

$-

 

 

$-

 

 

$

 

 

$0.04

 

Weighted average shares outstanding

 

 

17,126,886

 

 

 

-

 

 

 

779,626

 

 

 

 

 

 

 

17,126,886

 

Pro Forma, Unaudited

 

 

 

 

 

 

 

 

 

 

 

 

 

Proforma

 

 

 

 

Three months ended December 31, 2021

 

Grove, Inc.

 

 

Cygnet

 

 

LuckyTail

 

 

E-core

 

 

Adjustments

 

 

Proforma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$4,983,557

 

 

 

7,527,927

 

 

$936,289

 

 

$13,062,408

 

 

$

 

 

$18,045,965

 

Cost of sales

 

$711,246

 

 

 

6,372,432

 

 

$265,506

 

 

$11,637,510

 

 

$

 

 

$12,348,756

 

Operating expenses

 

$6,808,272

 

 

 

695,574

 

 

$475,502

 

 

$1,424,898

 

 

$1,124,499

 

 

$9,357,669

 

Net income (loss) from continuing operations

 

$(3,078,437)

 

 

382,657

 

 

$195,281

 

 

$(4,021)

 

$(1,124,499)

 

$(4,206,957)

Basic income (loss) per common share

 

$(0.32)

 

 

0.69

 

 

$-

 

 

$-

 

 

$

 

 

$(0.38)

Weighted average shares outstanding

 

 

9,755,663

 

 

 

555,489

 

 

 

-

 

 

 

1,247,402

 

 

 

 

 

 

 

11,003,065

 

Pro Forma, Unaudited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proforma

 

 

 

 

Six months ended December 31, 2021

 

Grove, Inc.

 

 

VitaMedica

 

 

Interactive

 

 

Cygnet

 

 

LuckyTail

 

 

E-core

 

 

Adjustments

 

 

Proforma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$8,853,667

 

 

$384,391

 

 

$1,329,522

 

 

$15,055,854

 

 

$1,927,313

 

 

$22,484,335

 

 

$

 

 

$50,035,082

 

Cost of sales

 

$1,982,975

 

 

$93,509

 

 

$-

 

 

$12,744,864

 

 

$562,355

 

 

$19,845,792

 

 

$

 

 

$35,229,495

 

Operating expenses

 

$10,285,779

 

 

$255,286

 

 

$1,816,464

 

 

$1,391,148

 

 

$971,139

 

 

$2,079,906

 

 

$2,441,348

 

 

$19,241,070

 

Net income (loss) from continuing operations

 

$(3,391,118)

 

$35,596

 

 

$(376,987)

 

$765,314

 

 

$393,818

 

 

$574,016

 

 

$(2,441,348)

 

$(4,440,709)

Basic income (loss) per common share

 

$(0.22)

 

$0.36

 

 

$(0.57)

 

$1.38

 

 

$-

 

 

$0.46

 

 

$

 

 

$(0.26)

Weighted average shares outstanding

 

 

15,452,453

 

 

 

100,000

 

 

 

666,667

 

 

 

555,489

 

 

 

-

 

 

 

1,247,402

 

 

 

 

 

 

 

17,255,344