Pro Forma, Unaudited								Proforma
Year ended June 30, 2023	Upexi, Inc.			LuckyTail		E-Core		Adjustments			Proforma

Net sales	$	80,676,509		$	892,270	$	12,905,836	$			$	94,474,615
Cost of sales	$	47,118,189		$	137,088	$	11,177,032	$			$	58,432,309
Operating expenses	$	41,110,327		$	383,476	$	1,050,602	$	538,116		$	43,083,521
Net income (loss) from continuing operations	$	(15,422,202	)	$	371,706	$	660,860	$	(538,116	)	$	(14,927,752	)
Basic income (loss) per common share	$	(0.86	)	$	-	$	0.53	$			$	(0.83	)
Weighted average shares outstanding		17,877,959			-		1,247,402		(693,001	)		18,432,360

Pro Forma, Unaudited												Proforma
Year ended June 30, 2022	Upexi, Inc.			VitaMedica		Cygnet		LuckyTail		E-Core		Adjustments			Proforma

Net sales	$	23,065,344		$	384,391	$	22,583,781	$	4,596,641	$	50,474,510	$			$	101,104,667
Cost of sales	$	8,195,735		$	93,509	$	19,117,296	$	802,614	$	45,722,296	$			$	73,931,450
Operating expenses	$	21,358,740		$	255,286	$	2,086,722	$	2,873,631	$	3,681,298	$	3,767,291		$	34,022,969
Net income (loss) from continuing operations	$	(5,869,651	)	$	35,596	$	1,147,971	$	920,396	$	1,178,491	$	(3,767,291	)	$	(6,462,064	)
Basic income (loss) per common share	$	(0.36	)	$	0.36	$	2.07	$	-	$	0.86	$			$	(0.36	)
Weighted average shares outstanding		16,224,520			100,000		555,489		-		1,247,402		(565,750	)		18,121,831

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

Fair value of consideration transferred:

Cash	$	2,000,000
Cash payment, 90 days after close		484,729
Cash payment, 180 days after close		469,924
Contingent consideration		112,685
Cash payment, working capital adjustment		460,901
	$	3,528,239

Recognized amounts of identifiable assets acquired, and liabilities assumed:

Inventory	$	460,901
Trade name		383,792
Customer list		1,834,692
Total identifiable net assets	$	2,679,385
Goodwill	$	848,854

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, 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	$	100,000
Cash payment, 120 days		3,000,000
Note payable		5,189,718
Note payable 2		4,684,029
Convertible note payable, convertible at $4.81 per common share		2,418,860
Common stock, 1,247,402 shares valued at $4.81 per common share, the calculated closing price on October 21, 2022.		6,000,000
	$	21,039,765

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		1,727,249
Customer relationships		5,080,305
Accrued liabilities		(192,051	)
Line of credit		(7,201,079	)
Total identifiable net assets	$	14,635,673
Goodwill	$	6,404,092