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10-K - ANNUAL REPORT - Unified Signal, Inc.qumi_10k.htm
EX-4.7 - UNSECURED PROMISSORY NOTE - Unified Signal, Inc.qumi_ex47.htm
EX-4.8 - SENIOR SECURIED NOTE - Unified Signal, Inc.qumi_ex48.htm
EX-4.6 - NOTE - Unified Signal, Inc.qumi_ex46.htm
EX-4.9 - SECURITY AGREEMENT - Unified Signal, Inc.qumi_ex49.htm
EX-31.1 - CERTIFICATION - Unified Signal, Inc.qumi_ex311.htm
EX-32.1 - CERTIFICATION - Unified Signal, Inc.qumi_ex321.htm
EX-23.1 - CONSENT - Unified Signal, Inc.qumi_ex231.htm
 
EXHIBIT 99.2
 
QUAMTEL INC.
UNAUDITED PROFORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
 
On December 9, 2009, the Company entered into and closed a Membership Interest Purchase Agreement to acquire all of the outstanding membership interests of Mobile Internet Devices, LLC, a Florida limited liability company, which was subsequently reorganized and renamed Data Jack, Inc., a Texas corporation ("Data Jack"). Consideration for this acquisition included 1,500,000 shares of the Company's common stock, 5-year warrants to purchase the Company's common stock at $2.68 per share, and a royalty based on Data Jack's future earnings. The unaudited proforma condensed consolidated statement of operations assumes that the Membership Interest Purchase Agreement was consummated as of the earliest date presented in these statements.
 
The unaudited proforma condensed consolidated statement of operations has been prepared based on currently available information and assumptions that are deemed appropriate by the Company's management. The proforma information is for informational purposes only and is not intended to be indicative of the actual results that would have been reported had the transaction occurred on the dates indicated, nor does the information represent a forecast of the financial condition or results of operation of the Company for any future period.

 

 

 

Quamtel, Inc.
 
Unaudited Proforma Condensed Consolidated Statement of Operations
 
For the Year Ended December 31, 2009
 
                         
                         
                         
               
Proforma
   
Post-
 
   
Quamtel, Inc
   
Data Jack, Inc.
   
Adjustments
   
Acquisition
 
                         
                         
 Revenues
  $ 2,409,737     $ 153,837           $ 2,563,574  
                               
 Cost of sales
    1,586,281       159,215             1,745,496  
                               
 Gross profit
    823,456       (5,378 )     -       818,078  
                                 
 Operating expenses:
                               
 Compensation, consulting and related expenses
    1,736,773       9,100               1,745,873  
 General and administrative expenses
    880,765       38,020               918,785  
 Depreciation
    89,756       -               89,756  
      Total operating expenses
    2,707,294       47,120       -       2,754,414  
                                 
 Loss from operations before income taxes
    (1,883,838 )     (52,498 )     -       (1,936,336 )
                                 
 Other expense:
                               
 Interest and financing expense
    26,799       -               26,799  
       Total other expense
    26,799       -       -       26,799  
                                 
Loss before income taxes
    (1,910,637 )     (52,498 )     -       (1,963,136 )
                                 
Income tax expense (benefit)
    (971 )     -               (971 )
                                 
Net loss
  $ (1,909,666 )   $ (52,498 )   $ -     $ (1,962,165 )
                                 
                                 
 Basic and diluted loss per share:
                               
                                 
 Loss from operations before income taxes
  $ (0.11 )                   $ (0.11 )
 Income tax expense (benefit)
    (0.00 )                     (0.00 )
                                 
 Loss per share
  $ (0.11 )                   $ (0.11 )
                                 
 Weighted average number of shares outstanding
    16,676,668               1,500,000  (1)     18,176,668  
                                 
See accompanying notes to unaudited proforma condensed consolidated statement of operations.

 
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QUAMTEL, INC.
 
NOTES TO UNAUDITED PROFORMA CONDENSED STATEMENT OF OPERATIONS


 
(1) Adjustment to Common Shares
 
The 1,500,000 common shares issued in conjunctions with the Membership Interest Purchase Agreement were added to the proforma weighted average number of shares outstanding.

 
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