VISION DYNAMICS Corp - FORM 8-K - EX-99 - EX-99.3 UNAUDITED PRO FORMA FINANCIAL STATEMENTS - August 18, 2011

Attached files

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8-K - FORM 8K CURRENT REPORT - VISION DYNAMICS Corpblackbox8k081611.htm
EX-3 - EX-3.1 CERTIFICATE OF AMENDMENT - VISION DYNAMICS Corpblackbox8k081611ex31.htm
EX-10 - EX-10.3 LICENSE AGREEMENT - VISION DYNAMICS Corpblackbox8k081611ex103.htm
EX-10 - EX-10.2 BLACKBOX SEMICONDUCTOR, INC. 2011 STOCK INCENTIVE PLAN - VISION DYNAMICS Corpblackbox8k081611ex102.htm
EX-10 - EX-10.1 SHARE EXCHANGE AGREEMENT - VISION DYNAMICS Corpblackbox8k081611ex101.htm
EX-99 - EX-99.1 PRESS RELEASE - VISION DYNAMICS Corpblackbox8k081611ex991.htm
EX-21 - EX-21.1 LIST OF SUBSIDIARIES - VISION DYNAMICS Corpblackbox8k081611ex211.htm
EX-23 - EX-23.2 CONSENT OF PETERSON SULLIVAN LLP - VISION DYNAMICS Corpblackbox8k081611ex232.htm
EX-23 - EX-23.1 CONSENT OF HAMILTON, PC - VISION DYNAMICS Corpblackbox8k081611ex231.htm
EX-99 - EX-99.2 AUDITED FINANCIAL STATEMENTS - VISION DYNAMICS Corpblackbox8k081611ex992.htm
EX-16 - EX-16.1 LETTER DATED AUGUST 15, 2011 FROM PETERSON SULLIVAN LLP TO THE SECURITIES AND EXCHANGE COMMISSION REGARDING THE CHANGE IN CERTIFYING ACCOUNTANT - VISION DYNAMICS Corpblackbox8k081611ex161.htm

Exhibit 99.3


CONTENTS


Proforma unaudited consolidated balance sheet at December 31, 2010

3

Proforma unaudited consolidated statement of operations for the period ended December 31, 2010

4

Proforma unaudited consolidated balance sheet at March 31, 2011

5

Proforma unaudited consolidated statement of operations for the three months ended March 31, 2011

6





UNAUDITED PROFORMA FINANCIAL INFORMATION


In anticipation of the Share Exchange, Visitrade, Inc. changed its name to BlackBox Semiconductor, Inc.  As the name change went into effect on January 10, 2011, references in these financial statements are to “BlackBox Semiconductor, Inc.”


The following unaudited pro forma combined balance sheet as of December 31, 2010 combines the audited historical balance sheet of BlackBox Semiconductor, Inc. as of December 31, 2010, and the audited historical balance sheet of BlackBox Semiconductor, Inc., the recently acquired Delaware company (“BlackBox DE”), as of December 31, 2010.. The following unaudited pro forma combined statement of operations for the period ended December 31, 2010 combines the audited historical statement of operations of BlackBox Semiconductor, Inc for the year ended December 31, 2010, and the audited historical statement of operations of BlackBox DE for the period of October 28, 2010 (date of inception) to December 31, 2010, giving effect to the merger as if it had been consummated at the beginning of the period presented.  The following unaudited pro forma combined balance sheet as of March 31, 2011 includes the unaudited historical balance sheet of BlackBox Semiconductor, Inc. as of March 31, 2011 and BlackBox DE The following unaudited pro forma combined statement of operations for the three months ended March 31, 2011 includes the unaudited historical statement of operations of BlackBox Semiconductor, Inc. and BlackBox DE for the three months ended March 31, 2011.


The unaudited pro forma combined financial information should be read in conjunction with the audited historical financial statements and related notes of BlackBox Semiconductor, Inc. which are incorporated by reference into this 8-K and the audited historical financial statements and related notes of the subsidiary BlackBox DE, which are included as an exhibit in this 8-K

 

The unaudited pro forma combined financial information excludes costs associated with the integration and consolidation of the companies.

 

This unaudited pro forma combined financial information is not necessarily indicative of the operating results and financial position that might have been achieved had the merger occurred as of the beginning of the earliest period presented, nor are they necessarily indicative of operating results and financial position which may occur in the future.




2




BLACKBOX SEMICONDUCTOR, INC & ITS SUBSIDIARY BLACKBOX SEMICONDUCTOR, INC.

PRO FORMA CONSOLIDATED - BALANCE SHEETS

December 31, 2010

(UNAUDITED)


 

 

 

 

 

 

 

 

 

 

 

BLACKBOX

 

BLACKBOX

 

 

 

 

 

SEMICONDUCTOR

 

SEMICONDUCTOR

 

 

 

 

 

INC.

 

INC.

 

 

ASSETS

 

(Accounting

acquiree)

 

(Accounting

acquirer)

 

CONSOLIDATED

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

Cash

$

-

$

1,000

$

1,000

Total current assets

 

-

 

1,000

 

1,000

 

 

 

 

 

 

 

 

Intangible assets, net

 

-

 

41,595

 

41,595

 

 

 

 

 

 

 

 

TOTAL ASSETS

$

-

$

42,595

$

42,595

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

Due to related parties

$

318,000

$

41,998

$

359,998

 

Accrued interest

 

2,261

 

-

 

2,261

 

Convertible notes, related parties

 

36,168

 

-

 

36,168

Total current liabilities

 

356,429

 

41,998

 

398,427

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

356,429

 

41,998

 

398,427

 

 

 

 

 

 

 

 

STOCKHOLDERS' EQUITY (DEFICIT)

 

 

 

 

 

 

 

Preferred stock

 

5,000

 

-

 

5,000

 

Common stock

 

28,181

 

1,000

 

29,181

 

Additional paid-in capital

 

2,257,988

 

-

 

2,257,988

 

Deficit accumulated during the development stage

 

(2,647,598)

 

(403)

 

(2,648,001)

TOTAL STOCKHOLDERS' EQUITY (DEFICIT)

 

(356,429)

 

597

 

(355,832)

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY (DEFICIT)

$

-

$

42,595

$

42,595



3




BLACKBOX SEMICONDUCTOR, INC & ITS SUBSIDIARY BLACKBOX SEMICONDUCTOR, INC.

PROFORMA CONSLIDATED - STATEMENTS OF OPERATIONS

For the period ended December 31, 2010

(UNAUDITED)


 

 

 

BLACKBOX

 

BLACKBOX

 

 

 

 

 

SEMICONDUCTOR

 

SEMICONDUCTOR

 

 

 

 

 

INC.

 

INC.

 

 

 

 

 

(Accounting

acquiree)

 

(Accounting

acquirer)

 

CONSOLIDATED

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

Net revenues

$

-

$

-

$

-

Total revenues

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

General and administrative

 

143,650

 

1

 

143,651

 

Professional fees

 

8,000

 

-

 

8,000

 

Amortization

 

-

 

402

 

402

Total operating expenses

 

151,650

 

403

 

152,053

 

 

 

 

 

 

 

 

Other Expenses

 

 

 

 

 

 

 

Interest expense

 

(2,261)

 

-

 

(2,261)

Total other expenses

 

(2,261)

 

-

 

(2,261)

 

 

 

 

 

 

 

 

Loss from continuing operations

 

(153,911)

 

(403)

 

(154,314)

 

 

 

 

 

 

 

 

Loss before income taxes

 

(153,911)

 

(403)

 

(154,314)

 

 

 

 

 

 

 

 

Provision for income taxes

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Net loss

$

(153,911)

$

(403)

$

(154,314)

 

 

 

 

 

 

 

 

Net loss per common share - basic and diluted

$

(0.01)

$

(0.00)

$

(0.01)

 

 

 

 

 

 

 

 

Weighted average common and common equivalent shares outstanding

 

29,181,400

 

425,000,000

 

29,181,400



4




BLACKBOX SEMICONDUCTOR, INC & ITS SUBSIDIARY BLACKBOX SEMICONDUCTOR, INC.

PRO FORMA CONSOLIDATED - BALANCE SHEETS

March 31, 2011

(UNAUDITED)


 

 

 

BLACKBOX

 

BLACKBOX

 

 

 

 

 

SEMICONDUCTOR

 

SEMICONDUCTOR

 

 

 

 

 

INC.

 

INC.

 

 

ASSETS

 

(Accountin

acquiree)

 

(Accounting

acquirer)

 

CONSOLIDATED

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

Cash

$

-

$

19,431

$

19,431

Total current assets

 

-

 

19,431

 

19,431

 

 

 

 

 

 

 

 

Intangible assets, net

 

-

 

40,536

 

40,536

 

 

 

 

 

 

 

 

TOTAL ASSETS

$

-

$

59,967

$

59,967

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

 

Accounts payable

$

29,016

$

20,389

$

49,405

 

Due to related parties

 

56,000

 

41,998

 

97,998

 

Accrued interest

 

509

 

-

 

509

 

Convertible notes, net of discount, related parties

 

21,298

 

-

 

21,298

Total current liabilities

 

106,823

 

62,387

 

169,210

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

106,823

 

62,387

 

169,210

 

 

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

Preferred stock

 

5,000

 

-

 

5,000

 

Common stock

 

108,202

 

1,000

 

109,202

 

Additional paid-in capital

 

2,533,848

 

-

 

2,533,848

 

Deficit accumulated during the development stage

 

(2,753,873)

 

(3,420)

 

(2,757,293)

TOTAL STOCKHOLDERS' DEFICIT

 

(106,823)

 

(2,420)

 

(109,243)

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$

-

$

59,967

$

59,967



5




BLACKBOX SEMICONDUCTOR, INC & ITS SUBSIDIARY BLACKBOX SEMICONDUCTOR, INC.

PROFORMA CONSLIDATED - STATEMENTS OF OPERATIONS

For the three months ended March 31, 2011

(UNAUDITED)


 

 

 

BLACKBOX

 

BLACKBOX

 

 

 

 

 

SEMICONDUCTOR

 

SEMICONDUCTOR

 

 

 

 

 

INC.

 

INC.

 

 

 

 

 

(Accounting

acquiree)

 

(Accounting

acquirer)

 

CONSOLIDATED

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

Net revenues

$

-

$

-

$

-

Total revenues

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

General and administrative

 

43,016

 

1,420

 

44,436

 

Professional fees

 

5,000

 

300

 

5,300

 

Amortization

 

-

 

1,297

 

1,297

Total operating expenses

 

48,016

 

3,017

 

51,033

 

 

 

 

 

 

 

 

Other Expenses

 

 

 

 

 

 

 

Loss from extinguished debt

 

(45,881)

 

-

 

(45,881)

 

Interest expense

 

(12,379)

 

-

 

(12,379)

Total other expenses

 

(58,260)

 

-

 

(58,260)

 

 

 

 

 

 

 

 

Loss from continuing operations

 

(106,276)

 

(3,017)

 

(109,293)

 

 

 

 

 

 

 

 

Loss before income taxes

 

(106,276)

 

(3,017)

 

(109,293)

 

 

 

 

 

 

 

 

Provision for income taxes

 

-

 

-

 

-

 

 

 

 

 

 

 

 

Net loss

$

(106,276)

$

(3,017)

$

(109,293)

 

 

 

 

 

 

 

 

Net loss per common share - basic and diluted

$

(0.00)

$

(0.00)

$

(0.00)

 

 

 

 

 

 

 

 

Weighted average common and common equivalent shares outstanding

 

39,989,180

 

425,000,000

 

39,989,180






6



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