Blue Calypso Holdings, Inc.

Blue Calypso, Inc.

Transfer to 

Pro

(Unaudited)

(Unaudited)

SplitCo

Forma

ASSETS

Current assets:

Cash and cash equivalents

$

253,521

$

74

$

(74

)

$

253,521

Inventory

30,607

(30,607

)

—

Prepaid expenses

81,321

756

(756

)

81,321

Total current assets

334,842

31,437

(31,437

)

334,842

Property and equipment, net of accumulated deprecaition

6,894

398

(398

)

6,894

Capitalized software development costs, net of accumulated amortization

564,703

—

—

564,703

Total assets

$

906,439

$

31,835

$

(31,835

)

$

906,439

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current liabilities:

Accounts payable

$

16,564

$

2,167

$

(2,167

)

$

16,564

Accounts payable-affiliate

99,117

3,594

(3,594

)

99,117

Accrued liabilities

103,430

4,525

(4,525

)

103,430

Unearned revenue

12,178

—

—

12,178

Notes payable, current

1,275,000

—

—

1,275,000

Notes payable-affiliate, current

200,000

—

—

200,000

Total current liabilities

1,706,289

10,286

(10,286

)

1,706,289

Notes Payable, non-current

—

1,684

(1,684

)

—

Notes payable-affiliate, non-current

—

50,379

(50,379

)

—

Total liabilities

1,706,289

62,349

(62,349

)

1,706,289

Stockholders’ equity (deficit)

Preferred stock

—

—

—

—

Common stock

1,165

2,235

(2,235

)

1,165

Additional paid in capital

21,968

126,015

(126,015

)

21,968

Deferred compensation

(96

)

—

—

(96

)

Deficit accumulated during development stage

(822,887

)

(158,764

)

158,764

(822,887

)

Total stockholders’ equity (deficit)

(799,850

)

(30,514

)

30,514

(799,850

)

Total liabilities and stockholders’ equity (deficit)

$

906,439

$

31,835

$

(31,835

)

$

906,439