PROFORMA FINANCIAL STATEMENTS

9 Months Ended

Sep. 30, 2022

Proforma Financial Statements

PROFORMA FINANCIAL STATEMENTS

NOTE 13 – PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

Unaudited Supplemental Pro Forma Data

Unaudited pro forma results of operations for the three and nine months ended September 30, 2022 and 2021 as though the company acquired Akida, KES, Visionmark, and SciAir (the “Acquired Companies”) on January 1, 2021 is set forth below.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Net Sales	$	5,875,611		$	5,894,136		$	15,139,347		$	16,149,817
Net Loss		(2,700,473	)		(1,629,337	)		(7,239,000	)		(5,181,575	)
Net Loss attributable to common stockholders:
Dividends to preferred shareholders		(362,250	)		—			(1,086,750	)		—
Net Loss attributable to common stockholders		(3,062,723	)		1,629,337			(8,325,750	)		(5,181,575	)
Basic and Diluted Loss Per Common Share	$	(0.24	)	$	(0.17	)	$	(0.65	)	$	(0.53	)
Weighted Average Shares Outstanding - basic and diluted		12,656,093			9,799,123			12,751,360			9,764,634