PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

12 Months Ended

Dec. 31, 2021

Proforma Financial Statements

PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

NOTE 15 – PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

Unaudited Supplemental Pro Forma Data

Unaudited pro forma results of operations for the years ended December 31, 2021 and 2020 as though the company acquired Akida, KES and SciAir (the “Acquired Companies”) on January 1, 2020 is set forth below.

Business Acquisition, Pro Forma Information
	Year Ended December 31, 2021			Year Ended December 31, 2020
Net Sales	$	19,169,612		$	23,297,450
Cost of Goods Sold		10,619,220			12,425,826
Gross Profit		8,550,392			10,871,624
Research and development		53,408			310,672
Selling, General and Administrative Expenses		17,198,118			10,527,740
Total Operating expenses		17,251,526			10,838,412
Operating Loss		(8,701,134	)		33,212
Other (Expense) Income
Change in Fair Market Value of Warrant Liability		66,862			—
Foregiveness of paycheck protection program loan		296,827			—
Other income		(74,317	)		3,719
Total Other Income		289,372			3,719
Loss Before Provision for Income Taxes		(8,411,762	)		36,961
Benefit from Income Taxes		(91,819	)		83,601
Net Loss	$	(8,319,943	)	$	(46,670	)
Net Loss attributable to common stockholders:
Dividends to preferred shareholders		(603,750	)		—
Net Loss attributable to common stockholders		(8,923,693	)		(46,670	)
Basic and Diluted Loss Per Common Share	$	(0.91	)	$	(0.01	)
Weighted Average Shares Outstanding- basic and diluted		9,799,627			7,511,385