ACQUISITIONS (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Business Acquisition [Line Items] |
|
| SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED |
The
following table summarizes the consideration transferred to acquire RCS and the amounts of identified assets acquired and liabilities
assumed at the acquisition date.
SCHEDULE
OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED
| |
|
|
|
|
| Note payable forgiven |
|
|
202,093 |
|
| Convertible debentures repaid on behalf of RCS |
|
|
153,986 |
|
| Common shares |
|
|
295,000 |
|
| Contingent consideration |
|
|
79,000 |
|
| Previously invested equity |
|
|
118,850 |
|
| Purchase price |
|
$ |
848,929 |
|
| |
|
August 16, 2024 |
|
| Purchase price |
|
|
848,929 |
|
| |
|
|
|
|
| Assets acquired |
|
|
|
|
| In-process research and development |
|
|
300,000 |
|
| Trademark |
|
|
10,000 |
|
| Brand logo |
|
|
10,000 |
|
| Web domain |
|
|
10,000 |
|
| Customer list |
|
|
138,000 |
|
| Device firmware and software |
|
|
50,000 |
|
| Blueprints |
|
|
20,000 |
|
| Intangible assets |
|
|
20,000 |
|
| Fair value of identified net assets acquired |
|
|
538,000 |
|
| Goodwill acquired on acquisition |
|
$ |
310,929 |
|
|
| SCHEDULE OF FAIR VALUE OF THE ASSETS ACQUIRED |
The
purchase price was allocated based on the relative fair value of the assets acquired as follows:
SCHEDULE
OF FAIR VALUE OF THE ASSETS ACQUIRED
| Assets Acquired: |
|
Fair Value |
|
| S19J Pro Bitmain ASIC Miners |
|
$ |
102,812 |
|
| Natural Gas Power Plant |
|
|
566,009 |
|
| Power Purchase Agreement |
|
|
673,769 |
|
| Bitcoin Mining Facility and Infrastructure |
|
|
171,116 |
|
| Fair value of assets acquired |
|
$ |
1,513,706 |
|
|
| SCHEDULE OF CONSIDERATION TRANSFERRED TO ACQUIRE AND IDENTIFY ASSETS ACQUIRED AND LIABILITIES ASSUMED |
The
following table summarizes the consideration transferred to acquire Bald Eagle and the amounts of identified assets acquired and liabilities
assumed at the acquisition date.
SCHEDULE
OF CONSIDERATION TRANSFERRED TO ACQUIRE AND IDENTIFY ASSETS ACQUIRED AND LIABILITIES ASSUMED
| |
|
|
|
|
| |
|
January 17, 2025 |
|
| Cash consideration |
|
$ |
3,550,000 |
|
| Option payment |
|
|
1,215,000 |
|
| Purchase price |
|
$ |
4,765,000 |
|
| Assets acquired |
|
|
|
|
| S19J Pro Bitmain ASIC Miners |
|
$ |
746,159 |
|
| Natural gas power generators |
|
|
1,671,586 |
|
| Transformers |
|
|
131,878 |
|
| Data centres |
|
|
609,554 |
|
| Shipping containers |
|
|
13,744 |
|
| Standby generators |
|
|
66,090 |
|
| Intangible assets |
|
|
66,090 |
|
| Fair value of identified net assets acquired |
|
|
3,239,012 |
|
| Goodwill |
|
$ |
1,525,988 |
|
|
| Bald Eagle Mining [Member] |
|
| Business Acquisition [Line Items] |
|
| SCHEDULE OF UNAUDITED PRO FORMA INFORMATION |
The
following pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1,
2024.
SCHEDULE
OF UNAUDITED PRO FORMA INFORMATION
| |
|
Pro
forma
period ended March
31, 2025
|
|
|
Pro
forma
year ended
March 31, 2024 |
|
| Revenue |
|
|
272,723 |
|
|
|
636,675
|
|
| Net
loss |
|
|
49,079 |
|
|
|
3,301,205
|
|
|