PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

6 Months Ended

Jun. 30, 2023

Proforma Financial Statements

PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

NOTE 12 – PROFORMA FINANCIAL STATEMENTS (UNAUDITED)

Unaudited Supplemental Pro Forma Data

Unaudited pro forma results of operations for the three and six months ended June 30, 2023 and 2022 as though the company acquired PURO, and LED (the “Acquired Companies”) on January 1, 2022 is set forth below.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2023			2022			2023			2022
Net Sales	$	10,843,686		$	9,207,473		$	22,017,102		$	18,622,909
Net Loss	$	(2,991,224	)	$	(2,845,863	)	$	(7,981,747	)	$	(5,623,491	)
Net Loss attributable to common stockholders:
Dividends to preferred shareholders		(407,231	)		(362,250	)		(769,481	)		(724,500	)
Net Loss attributable to common stockholders		(3,398,455	)		(3,208,113	)		(8,751,228	)		(6,347,991	)
Basic and Diluted Loss Per Common Share	$	(0.77	)	$	(0.79	)	$	(2.16	)	$	(1.54	)
Weighted Average Shares Outstanding - basic and diluted		4,434,036			4,083,076			4,060,537			4,109,956