Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - WITH, INC. | form8k.htm |
| EX-10.1 - EXHIBIT 10.1 - WITH, INC. | exhibit10_1.htm |
| EX-10.9 - EXHIBIT 10.9 - WITH, INC. | exhibit10_9.htm |
| EX-21 - EXHIBIT 21 - WITH, INC. | exhibit21.htm |
| EX-2.1 - EXHIBIT 2.1 - WITH, INC. | exhibit2_1.htm |
| EX-10.2 - EXHIBIT 10.2 - WITH, INC. | exhibit10_2.htm |
| EX-10.6 - EXHIBIT 10.6 - WITH, INC. | exhibit10_6.htm |
| EX-10.7 - EXHIBIT 10.7 - WITH, INC. | exhibit10_7.htm |
| EX-10.5 - EXHIBIT 10.5 - WITH, INC. | exhibit10_5.htm |
| EX-10.8 - EXHIBIT 10.8 - WITH, INC. | exhibit10_8.htm |
| EX-10.4 - EXHIBIT 10.4 - WITH, INC. | exhibit10_4.htm |
| EX-99.1 - EXHIBIT 99.1 - WITH, INC. | exhibit99_1.htm |
| EX-10.3 - EXHIBIT 10.3 - WITH, INC. | exhibit10_3.htm |
| EX-10.11 - EXHIBIT 10.11 - WITH, INC. | exhibit10_11.htm |
| EX-10.12 - EXHIBIT 10.12 - WITH, INC. | exhibit10_12.htm |
| EX-99.4 - EXHIBIT 99.4 - WITH, INC. | exhibit99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - WITH, INC. | exhibit99_2.htm |
| EX-10.10 - EXHIBIT 10.10 - WITH, INC. | exhibit10_10.htm |
Exhibit 99.3
MEDL MOBILE HOLDINGS, INC.
PRO FORMA UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
The following unaudited pro forma consolidated financial statements give effect to the reverse acquisition of MEDL Mobile, Inc. (“MEDL”) by MEDL Mobile Holdings Inc. (formerly Resume in Minutes, Inc.) (the “Company”) and are based on estimates and assumptions set forth herein and in the notes to such pro forma statements.
In connection with the reverse acquisition, MEDL is expected to raise $2,500,000 by selling 10,000,000 common shares of $.001 par value stock.
This transaction is being accounted for as a reverse acquisition and a recapitalization. MEDL is the acquirer for accounting purposes.
The following unaudited pro forma consolidated statement of operations for the three months ended March 31, 2011 and for the year ended December 31, 2010 gives effect to the above as if the transactions had occurred at the beginning of the period. The unaudited pro forma consolidated balance sheet at March 31, 2011 assumed the effects of the above as if this transaction had occurred as of March 31, 2011.
MEDL MOBILE HOLDINGS, INC.
PRO FORMA UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
The unaudited pro forma consolidated financial statements are based upon and should be read in conjunction with the Company's audited financial statements as of and for the year ended December 31, 2010 and for the three months ended March 31, 2011 and the historical financial statements of MEDL for the year ended December 31, 2010 and for the three months ended March 31, 2011.
The unaudited pro forma consolidated financial statements and notes thereto contained forward-looking statements that involve risks and uncertainties. Therefore, our actual results may vary materially from those discussed herein. The unaudited pro form consolidated financial statements do not purport to be indicative of the results that would have been reported had such events actually occurred on the dates specified, nor is it indicative our future results.
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MEDL MOBILE HOLDINGS, INC.
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UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
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FOR THE THREE MONTHS ENDED MARCH 31, 2011
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RESUME IN
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MEDL MOBILE, INC.
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MINUTES, INC.
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Adjustment
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Consolidated
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Revenues:
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$ | - | $ | 378,655 | $ | - | $ | 378,655 | ||||||||
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Cost of goods sold:
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- | 182,593 | - | 182,593 | ||||||||||||
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Gross profit
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- | 196,062 | - | 196,062 | ||||||||||||
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Expenses:
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Selling, general & administrative expenses
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5,846 | 175,138 | - | 180,984 | ||||||||||||
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Total expenses
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5,846 | 175,138 | - | 180,984 | ||||||||||||
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Net (loss) income
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$ | (5,846 | ) | $ | 20,924 | $ | - | $ | 15,078 | |||||||
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(Loss) Income per share, basic and diluted
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$ | - | $ | - | ||||||||||||
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Weighted average number of shares outstanding
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2,803,000 | 7,401,500 | ||||||||||||||
| MEDL MOBILE HOLDINGS, INC. | ||||||||||||||||
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UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
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FOR THE YEAR ENDED DECEMBER 31, 2010
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RESUME IN
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MEDL MOBILE, INC.
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MINUTES, INC.
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Adjustment
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Consolidated
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Revenues:
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$ | - | $ | 823,018 | $ | - | $ | 823,018 | ||||||||
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Cost of goods sold:
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- | 472,078 | - | 472,078 | ||||||||||||
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Gross profit
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- | 350,940 | - | 350,940 | ||||||||||||
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Expenses:
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Selling, general & administrative expenses
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29,358 | 231,892 | - | 261,250 | ||||||||||||
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Total expenses
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29,358 | 231,892 | - | 261,250 | ||||||||||||
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Net income (loss)
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$ | (29,358 | ) | $ | 119,048 | $ | - | $ | 89,690 | |||||||
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(Loss) income per share, basic and diluted
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$ | (0.01 | ) | $ | 0.02 | |||||||||||
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Weighted average number of shares outstanding
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2,687,161 | 7,401,500 | ||||||||||||||
| MEDL MOBILE HOLDINGS, INC. | |||||||||||||||||
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UNAUDITED PRO FORMA COMBINED BALANCE SHEET
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RESUME IN
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MEDL MOBILE, INC.
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MINUTES, INC.
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MARCH 31
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MARCH 31
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Pro forma
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2011
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2011
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Adjustments
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Pro Forma
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ASSETS
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Current assets:
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Cash
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$ | 14,796 | $ | 31,164 |
(a)
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$ | 2,500,000 | $ | 2,545,960 | ||||||||
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Accounts receivable
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- | 21,125 | 21,125 | ||||||||||||||
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Total current assets
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14,796 | 52,289 | 2,500,000 | 2,567,085 | |||||||||||||
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Office equipment, net of depreciation
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- | 19,392 | 19,392 | ||||||||||||||
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Other asset:
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Security deposit
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- | 7,257 | 7,257 | ||||||||||||||
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Total other asset
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- | 7,257 | 7,257 | ||||||||||||||
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Total assets
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$ | 14,796 | $ | 78,938 | $ | 2,500,000 | $ | 2,593,734 | |||||||||
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ | 19,637 | $ | 10,542 | $ | 30,179 | |||||||||||
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Total liabilities
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19,637 | 10,542 | - | 30,179 | |||||||||||||
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Stockholders' Equity:
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Common stock
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2,803 | 74,015 |
(a)
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2,500 | 181,339 | ||||||||||||
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(b)
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102,021 | ||||||||||||||||
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Additional paid-in capital
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39,663 | 28,485 |
(a)
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2,497,500 | 2,565,648 | ||||||||||||
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Accumulated deficit
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(47,307 | ) | (34,104 | ) |
(b)
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(102,021 | ) | (183,432 | ) | ||||||||
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Total stockholders' equity
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(4,841 | ) | 68,396 | 2,500,000 | 2,563,555 | ||||||||||||
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Total liabilities and stockholders' equity
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$ | 14,796 | $ | 78,938 | $ | 2,500,000 | $ | 2,593,734 | |||||||||
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MEDL MOBILE HOLDINGS, INC.
NOTES TO UNAUDITED PRO FORMA
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2010 AND FOR THE
THREE MONTHS ENDED MARCH 31, 2011
NOTE A – ACCOUNTING TREATMENT APPLIED AS A RESULT OF THIS TRANSACTION
The transaction is being accounted for as reverse acquisition and recapitalization. MEDL is the acquirer for accounting purposes. The Company is the issuer. Accordingly, MEDL's historical financial statements for periods prior to the acquisition become those of the acquirer. The accumulated deficit of MEDL is carried forward after the acquisition. Operations prior to the transactions are those of MEDL.
Note B – ADJUSTMENT
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(a)
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To record the issuance of 10,000,000 shares in common stock for $2,200,000 and the conversion of $300,000 in bridge financing notes.
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(b)
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On June 3, 2011, the board of directors of the Company approved an additional 36.39716 shares of common stock, par value $0.001 per share for each one share of common stock outstanding at June 20, 2011.
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