Pro Forma, Unaudited								Proforma
Nine months ended March 31, 2023	Upexi, Inc.			LuckyTail		E-Core		Adjustments			Proforma

Net sales	$	62,863,128		$	892,270	$	12,905,836	$			$	76,661,234
Cost of sales	$	36,904,527		$	137,088	$	11,177,032	$			$	48,218,647
Operating expenses	$	33,469,868		$	383,476	$	1,050,602	$	561,721		$	35,465,667
Net income (loss) from continuing operations	$	(1,879,818	)	$	371,706	$	660,860	$	(561,721	)	$	(1,408,973	)
Basic income (loss) per common share	$	(0.11	)	$	-	$	0.53	$			$	(0.08	)
Weighted average shares outstanding		17,418,877			-		1,247,402		(693,001	)		17,973,278

Pro Forma, Unaudited										Proforma
Three months ended March 31, 2022	Upexi, Inc.			Cygnet		LuckyTail		E-Core		Adjustments			Proforma

Net sales	$	4,426,898			7,527,927	$	1,389,012	$	11,191,296	$			$	24,535,133
Cost of sales	$	1,098,137			6,372,432	$	274,175	$	9,947,860	$			$	17,692,604
Operating expenses	$	4,866,492			695,574	$	766,952	$	638,501	$	1,124,499		$	8,092,018
Net income (loss) from continuing operations	$	(200,250	)		382,657	$	347,885	$	604,475	$	(1,124,499	)	$	10,268
Basic income (loss) per common share	$	(0.01	)		0.69	$	-	$	-	$			$	0.00
Weighted average shares outstanding		16,426,399			555,489		-		1,247,402					18,229,290

Pro Forma, Unaudited															Proforma
Nine months ended March 31, 2022	Upexi, Inc.			VitaMedica		Interactive			Cygnet		LuckyTail		E-core		Adjustments			Proforma

Net sales	$	13,280,565		$	384,391	$	1,329,522		$	22,583,781	$	3,316,325	$	33,675,631	$			$	74,570,215
Cost of sales	$	3,081,112		$	93,509	$	-		$	19,117,296	$	836,530	$	29,793,652	$			$	52,922,099
Operating expenses	$	15,152,270		$	255,286	$	1,816,464		$	2,086,722	$	1,738,091	$	2,718,407	$	3,128,348		$	26,895,588
Net income (loss) from continuing operations	$	(3,591,368	)	$	35,596	$	(376,987	)	$	1,147,971	$	741,703	$	1,178,491	$	(3,128,348	)	$	(3,992,942	)
Basic income (loss) per common share	$	(0.22	)	$	0.36	$	(0.67	)	$	2.07	$	-	$	0.94	$			$	(0.22	)
Weighted average shares outstanding		16,080,699			100,000		560,170			555,489		-		1,247,402		(462,336	)		18,081,424

Fair value of consideration transferred:

Cash	$	2,000,000
Cash, working capital adjustment		74,589
Common stock, 100,000 shares valued at $4.82 per common share, the closing price on August 4, 2021.		482,000
Note payable		500,000
	$	3,556,589

Recognized amounts of identifiable assets acquired and liabilities assumed:

Accounts receivable	$	107,446
Inventory		619,837
Prepaid expenses		117,268
Property and equipment		13,220
Trade name		463,000
Customer list		1,329,000
Non-compete		143,000
Right of use asset		112,612
Accounts payable		(140,068	)
Operating lease		(56,894	)
Operating lease		(112,612	)
Total identifiable net assets	$	2,595,809
Goodwill	$	960,780

Fair value of consideration transferred:

Cash	$	2,100,000
Common stock, 100,000 shares valued at $4.88 per common share, the closing price on October 1, 2021.		2,733,630
	$	4,833,630

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash	$	245,247
Accounts receivable		23,791
Prepaid expenses		32,543
Property and equipment		3,212
Trade name		146,000
Customer list		763,000
Software		1,590,000
Non-compete		132,000
Accounts payable		(174,943	)
Accrued liabilities		(313,800	)
Accrued compensation		(24,193	)
Deferred revenue		(478,385	)
Total identifiable net assets	$	1,944,472
Goodwill	$	2,889,158

Cash	$	1,500,000
Convertible note payable, convertible at $6.00 per common share		1,050,000
Earnout payment		-
Common stock, 555,489 shares valued at $5.34 per common share, the closing price on April 1, 2022.		2,965,756
	$	5,515,756

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash	$	471,237
Accounts receivable		860,882
Inventory		2,337,208
Prepaid expenses		6,900
Property and equipment		7,602
Right to use asset		410,365
Other asset		6,545
Online sales channels		1,800,000
Vendor relationships		6,000,000
Accrued liabilities		(701,606	)
Notes payable		(7,298,353	)
Operating lease		(422,479	)
Total identifiable net assets	$	3,478,301
Goodwill	$	2,037,455

Fair value of consideration transferred:

Cash	$	2,000,000
Cash payment, 90 days after close		500,000
Cash payment, 180 days after close		500,000
Contingent consideration		130,620
Cash payment, working capital adjustment		490,822
	$	3,621,442

Recognized amounts of identifiable assets acquired and liabilities assumed:

Inventory	$	490,822
Trade name		360,000
Customer list		2,304,000
Total identifiable net assets	$	3,154,822
Goodwill	$	466,620

Fair value of consideration transferred:

Cash	$	100,000
Cash payment, 120 days		3,000,000
Note payable		5,750,000
Note payable 2		5,750,000
Convertible note payable, convertible at $4.81 per common share		3,500,000
Common stock, 1,247,402 shares valued at $4.81 per common share, the calculated closing price on October 21, 2023.		6,000,000
	$	24,100,000

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash	$	1,014,610
Accounts receivable		6,699,945
Inventory		7,750,011
Prepaid expenses		75,721
Trade name		1,250,000
Customer relationships		6,000,000
Accrued liabilities		(192,051	)
Line of credit		(7,201,079	)
Total identifiable net assets	$	15,397,157
Goodwill	$	8,702,843