Attached files
file | filename |
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8-K - Corporate Equity Investments, Inc. | ssg8k111209.htm |
EX-99.1 - Corporate Equity Investments, Inc. | dmpassetfinancials.htm |
EX-10 - ASSET PURCHASE, SALE AND TRANSFER AGREEMENT - Corporate Equity Investments, Inc. | spinoutagreementdmpssg111209.htm |
PRO FORMA FINANCIAL INFORMATION |
The following unaudited pro forma combined balance sheet and statement of operations of Security Solutions Group, Inc. are presented as if the Asset Purchase, Sale and Transfer Agreement between SSG and DMP had been completed on January 1, 2009 These unaudited pro forma combined financial statements should be read in conjunction with the historical financial statements and accompanying notes of Brand Protection and Anti-Theft Business Segments included herein. The unaudited pro forma combined financial statements are not necessarily indicative of the results of operations or financial position of SSG that would have been reported had the Asset Purchase, Sale and Transfer Agreement been completed as of the dates presented, and are not necessarily representative of the future results of operations or financial position of SSG. |
SECURITY SOLUTIONS GROUP, INC. | |||||||||||
UNAUDITED PRO FORMA COMBINED BALANCE SHEETS | |||||||||||
September 30, 2009 | |||||||||||
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| Security Solutions Group |
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Brand Protection & Anti-Theft |
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Consolidated |
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ASSETS |
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Current assets: |
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Cash |
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| $ |
3,000 |
| $ |
107,020 |
| $ |
110,020 |
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Accounts receivable, net |
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- |
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| 17,998 |
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17,998 |
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Other current assets |
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- |
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38,507 |
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38,507 |
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Total current assets |
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| 3,000 |
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163,525 |
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| 166,525 |
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Fixed assets, net |
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- |
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123,285 |
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123,285 |
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Total assets |
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| $ |
3,000 |
| $ |
286,810 |
| $ |
289,810 |
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LIABILITIES AND STOCKHOLDERS EQUITY |
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Current liabilities: |
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Due to related parties |
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$ | 37,393 |
| $ |
- |
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$ | 37,393 |
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Accounts payable and accrued expenses |
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- |
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44,405 |
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44,405 |
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Total current liabilities |
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37,393 |
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44,405 |
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81,798 |
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Total liabilities |
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37,393 |
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44,405 |
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81,798 |
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Commitments |
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Stockholders equity: |
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Preferred stock (no par value, 5,000,000 shares |
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authorized, none issued and outstanding) |
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| - |
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| - |
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- |
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Common stock ($0.001 par value, 500,000,000 |
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shares authorized, 32,720,000 shares issued and outstanding) |
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| 32,720 |
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- |
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| 32,720 |
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Additional paid in capital |
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| (23,541) |
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| - |
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(23,541) |
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Accumulated other comprehensive income |
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- |
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| (22,384) |
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(22,384) |
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Contributed capital |
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- |
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| 1,347,819 |
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1,347,819 |
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Retained earnings |
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(43,572) |
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(1,083,030) |
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(1,126,602) |
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Total stockholders equity (deficit) |
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(34,393) |
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242,405 |
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208,012 |
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Total liabilities and stockholders equity (deficit) |
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$ |
3,000 |
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$ |
286,810 |
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$ |
289,810 |
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SECURITY SOLUTIONS GROUP, INC. | |||||||||||
UNAUDITED PRO FORMA COMBINED STATEMENTS OF OPERATIONS | |||||||||||
For the Nine Months ended September 30, 2009 | |||||||||||
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Security Solutions Group |
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Brand Protection & Anti-Theft |
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Consolidated |
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Sales |
| $ |
- |
| $ |
199,729 |
| $ |
199,729 |
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Cost of goods sold |
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- |
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39,824 |
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39,824 |
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Gross profit |
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- |
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159,905 |
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159,905 |
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Operating expenses |
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| Salaries |
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6,000 |
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205,974 |
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| 211,974 |
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Professional fees |
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| 36,525 |
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3,741 |
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40,266 |
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Travel |
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| - |
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67,285 |
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| 67,285 |
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Investor relations |
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| 2,423 |
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- |
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2,423 |
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Insurance |
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| - |
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29,307 |
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| 29,307 |
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Property |
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| - |
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16,955 |
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| 16,955 |
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Telephone |
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| - |
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13,773 |
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| 13,773 |
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General and administrative |
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355 |
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7,836 |
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8,191 |
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Total operating expenses |
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45,303 |
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344,871 |
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390,174 |
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Other income |
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| Forgiveness of debt |
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39,277 |
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- |
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39,277 |
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Net income |
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$ |
(45,303) |
| $ |
(184,966) |
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(230,269) |
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Weighted average number of common |
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| shares outstanding - basic and fully diluted |
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32,547,692 |
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- |
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32,547,692 |
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Net loss per share - basic and fully diluted |
| $ |
(0.01) |
| $ |
- |
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(0.01) |
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