Exhibit 99.2
SGBX/Olenox Combined Profoma P&L
SGBX/OLENOX | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | 2025 TOTAL | Q1 2026 | ||||||||||||||||||
SG Echo (SGBX) | ||||||||||||||||||||||||
Total Sales | $ | 1,100,000 | $ | 2,250,000 | $ | 6,350,000 | $ | 4,650,000 | $ | 14,350,000 | $ | 13,889,969 | ||||||||||||
Total Materials | $ | (679,250 | ) | $ | (1,311,750 | ) | $ | (3,666,239 | ) | $ | (2,785,796 | ) | $ | (8,443,035 | ) | $ | (7,868,668 | ) | ||||||
Total Direct Labor | $ | (165,000 | ) | $ | (337,500 | ) | $ | (952,500 | ) | $ | (697,500 | ) | $ | (2,152,500 | ) | $ | (2,083,495 | ) | ||||||
Total Overhead | $ | (982,484 | ) | $ | (1,023,236 | ) | $ | (1,300,300 | ) | $ | (1,431,512 | ) | $ | (4,737,532 | ) | $ | (1,554,513 | ) | ||||||
Operating Profit | $ | (726,734 | ) | $ | (422,486 | ) | $ | 430,960 | $ | (264,808 | ) | $ | (983,067 | ) | $ | 2,383,294 | ||||||||
SG Holdings (SGBX) | ||||||||||||||||||||||||
Total SG Holdings | $ | 1,557,500 | $ | 957,500 | $ | (442,500 | ) | $ | 985,000 | $ | 3,057,500 | $ | (1,155,000 | ) | ||||||||||
Combined Total SGBX | $ | 830,766 | $ | 535,014 | $ | (11,540 | ) | $ | 720,192 | $ | 2,074,433 | $ | 1,228,294 | |||||||||||
NAHD/OLENOX | ||||||||||||||||||||||||
Total Sales | $ | 952,954 | $ | 1,623,704 | $ | 1,380,454 | $ | 2,247,854 | $ | 6,204,966 | $ | 2,452,667 | ||||||||||||
Total Materials | $ | 202,608 | $ | 642,608 | $ | 251,608 | $ | 519,608 | $ | 1,616,430 | $ | 557,884 | ||||||||||||
Total Direct Labor | $ | 614,440 | $ | 614,440 | $ | 614,440 | $ | 614,440 | $ | 2,457,762 | $ | 768,051 | ||||||||||||
Total Overhead | $ | 439,897 | $ | 399,152 | $ | 373,722 | $ | 412,984 | $ | 1,625,755 | $ | 415,145 | ||||||||||||
Total Olenox (NAHD) | $ | (303,991 | ) | $ | (32,496 | ) | $ | 140,684 | $ | 700,822 | $ | 505,019 | $ | 711,587 | ||||||||||
Combined Total SGBX & Olenox/NAHD | $ | 526,775 | $ | 502,518 | $ | 129,144 | $ | 1,421,014 | $ | 2,579,452 | $ | 1,939,881 |
SGBX & OLENOX (NAHD) Combined Proforma Balance Sheet | Pro Forma Post Merger | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | ||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 440,000 | $ | 700,000 | $ | 950,000 | $ | 1,000,000 | $ | 1,725,000 | $ | 2,695,000 | ||||||||||||
Accounts receivable | $ | 1,371,490 | $ | 1,634,878 | $ | 1,886,137 | $ | 1,950,709 | $ | 2,661,216 | $ | 3,631,156 | ||||||||||||
Inventory | $ | 960,000 | $ | 1,000,000 | $ | 1,200,000 | $ | 1,300,000 | $ | 1,400,000 | $ | 1,500,000 | ||||||||||||
Contract assets | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | $ | 2,500 | ||||||||||||
Prepaid expenses | $ | 211,000 | $ | 150,000 | $ | 125,000 | $ | 110,000 | $ | 100,000 | $ | 90,000 | ||||||||||||
Other current Assets | $ | 2,635,752 | $ | 2,500,000 | $ | 2,250,000 | $ | 2,000,000 | $ | 1,800,000 | $ | 1,750,000 | ||||||||||||
Total current assets | $ | 5,620,742 | $ | 5,987,378 | $ | 6,413,637 | $ | 6,363,209 | $ | 7,688,716 | $ | 9,668,656 | ||||||||||||
NON-CURRENT ASSETS | ||||||||||||||||||||||||
Property and equipment, net | $ | 7,232,077 | $ | 7,232,077 | $ | 7,232,077 | $ | 7,232,077 | $ | 7,232,077 | $ | 7,232,077 | ||||||||||||
Right of use asset | $ | 53,050,315 | $ | 53,050,315 | $ | 53,050,315 | $ | 53,050,315 | $ | 53,050,315 | $ | 53,050,315 | ||||||||||||
Intangible assets, net | $ | 12,847 | $ | 12,847 | $ | 12,847 | $ | 12,847 | $ | 12,847 | $ | 12,847 | ||||||||||||
Long-term investment | $ | 2,522,056 | $ | 2,500,000 | $ | 2,500,000 | $ | 2,500,000 | $ | 2,500,000 | $ | 2,500,000 | ||||||||||||
Goodwill | $ | 2,750,000 | $ | 2,750,000 | $ | 2,750,000 | $ | 2,750,000 | $ | 2,750,000 | $ | 2,750,000 | ||||||||||||
Other non-current assets | $ | 5,196,432 | $ | 5,195,000 | $ | 5,195,000 | $ | 5,195,000 | $ | 5,195,000 | $ | 5,195,000 | ||||||||||||
Total non-current assets | $ | 70,763,727 | $ | 70,740,239 | $ | 70,740,239 | $ | 70,740,239 | $ | 70,740,239 | $ | 70,740,239 | ||||||||||||
Total assets | $ | 76,384,469 | $ | 76,727,617 | $ | 77,153,876 | $ | 77,103,448 | $ | 78,428,955 | $ | 80,408,895 | ||||||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Accounts payable and accrued expense | $ | 8,803,087 | $ | 7,000,000 | $ | 6,000,000 | $ | 5,000,000 | $ | 4,000,000 | $ | 3,000,000 | ||||||||||||
Contract liabilities | $ | 596,082 | $ | 596,082 | $ | 596,082 | $ | 596,082 | $ | 596,082 | $ | 596,082 | ||||||||||||
Due to related party -current | $ | 3,087,220 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Deferred Revenue | $ | 552,500 | $ | 552,500 | $ | 552,500 | $ | 552,500 | $ | 552,500 | $ | 552,500 | ||||||||||||
Lease liability - current | $ | 133,311 | $ | 133,311 | $ | 133,311 | $ | 133,311 | $ | 133,311 | $ | 133,311 | ||||||||||||
Notes payable - current | $ | 2,467,244 | $ | 2,467,244 | $ | 2,467,244 | $ | 2,467,244 | $ | 2,467,244 | $ | 2,467,244 | ||||||||||||
Notes payable - related party | $ | 108,221 | $ | 108,221 | $ | 108,221 | $ | 108,221 | $ | 108,221 | $ | 108,221 | ||||||||||||
Total current liabilities | $ | 15,747,665 | $ | 10,857,358 | $ | 9,857,358 | $ | 8,857,358 | $ | 7,857,358 | $ | 6,857,358 | ||||||||||||
Non-Current liabilities: | ||||||||||||||||||||||||
Due to related party - noncurrent | $ | 1,015,778 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Notes payable - noncurrent | $ | 6,257,184 | $ | 6,257,184 | $ | 6,257,184 | $ | 6,257,184 | $ | 6,257,184 | $ | 6,257,184 | ||||||||||||
Convertible notes payable, noncurrent | $ | 899,932 | $ | 899,932 | $ | 899,932 | $ | 899,932 | $ | 899,932 | $ | 899,932 | ||||||||||||
Total non-current liabilities | $ | 8,172,894 | $ | 7,157,116 | $ | 7,157,116 | $ | 7,157,116 | $ | 7,157,116 | $ | 7,157,116 | ||||||||||||
Total liabilities | $ | 23,920,559 | $ | 18,014,474 | $ | 17,014,474 | $ | 16,014,474 | $ | 15,014,474 | $ | 14,014,474 | ||||||||||||
Stockholders' equity: | ||||||||||||||||||||||||
Preferred stock, $1.00 par value | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Common stock, $0.01 par value | $ | 60,384 | $ | 60,384 | $ | 60,384 | $ | 60,384 | $ | 60,384 | $ | 60,384 | ||||||||||||
Current Period Net Income | $ | 640,687 | $ | 526,775 | $ | 502,518 | $ | 129,144 | $ | 1,421,014 | $ | 1,939,881 | ||||||||||||
Additional Paid-in Capital | $ | 165,121,181 | $ | 170,843,032 | $ | 171,766,773 | $ | 172,587,201 | $ | 173,491,694 | $ | 174,531,754 | ||||||||||||
Treasury stock | $ | (92,396 | ) | $ | (92,396 | ) | $ | (92,396 | ) | $ | (92,396 | ) | $ | (92,396 | ) | $ | (92,396 | ) | ||||||
Accumulated deficit | $ | (113,265,340 | ) | $ | (112,624,653 | ) | $ | (112,097,878 | ) | $ | (111,595,359 | ) | $ | (111,466,215 | ) | $ | (110,045,201 | ) | ||||||
Accumulated other comprehensive income | $ | (606 | ) | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||
Non-controlling interests | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
Total stockholders' equity | $ | 52,463,910 | $ | 58,713,142 | $ | 60,139,402 | $ | 61,088,974 | $ | 63,414,481 | $ | 66,394,422 | ||||||||||||
Total liabilities and stockholders' equity | $ | 76,384,469 | $ | 76,727,616 | $ | 77,153,876 | $ | 77,103,448 | $ | 78,428,955 | $ | 80,408,896 |