Attached files
Exhibit 99.4
The following unaudited pro forma financial statements of Datamill Media Corp,
("SPLI") are based on, and should be read in conjunction with:
SPLI's audited financial statements for the years ended December 31, 2011 and
2010, its unaudited financial statements for the three and six month periods
ended June 30, 2011 and 2010 and the related notes thereto, which are
incorporated by reference into this current filing;
The audited financial statements of Young Aviation, LLC, ("Young Aviation") for
the years ended December 31, 2010 and 2009, the unaudited financial statements
of Young Aviation, for the three and six month periods ended June 30, 2011 and
2010 and "Management's Discussion and Analysis of Financial Condition and
Results of Operations" for such periods, all of which appear elsewhere in this
report.
The pro forma financial statements give effect to the reverse acquisition and
recapitalization of SPLI and the consolidation of Young Aviation as a wholly
owned subsidiary, as if the transaction had taken place on the date or at the
beginning of the periods presented.
The unaudited pro forma financial statements of SPLI are for informational
purposes only, are not indications of future performance, and should not be
considered indicative of actual results that would have been achieved had the
recapitalization transactions actually been consummated on the date or at the
beginning of the periods presented.
DATAMILL MEDIA CORP. AND SUBSIDIARY
UNAUDITED PRO FORMA BALANCE SHEETS
JUNE 30, 2011
Datamill Young Pro Forma Pro Forma
Media Corp. Aviation Adjustments Consolidated
----------- ---------- ----------- ------------
ASSETS
CURRENT ASSETS
Cash $ 5,753 $ -- $ 22,000 (a) $ 27,753
Advances receivable - member -- 24,920 -- 24,705
Inventory -- 27,705 -- 27,705
Other current assets -- 1,431 -- 1,431
---------- ---------- ---------- ----------
TOTAL CURRENT ASSETS 5,753 54,056 22,000 81,809
---------- ---------- ---------- ----------
Property and equipment, net -- 6,000 -- 6,000
---------- ---------- ---------- ----------
TOTAL ASSETS $ 5,753 $ 60,056 $ 22,000 $ 87,809
========== ========== ========== ==========
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable & accrued expenses $ 8,858 $ 199 -- $ 9,057
Due to related party - officer 36,686 -- -- 36,686
Loans payable -- 31,000 -- 31,000
Other payables -- 16,352 -- 16,352
---------- ---------- ---------- ----------
TOTAL CURRENT LIABILITIES 45,544 47,551 -- 93,095
---------- ---------- ---------- ----------
TOTAL LIABILITIES 45,544 47,551 -- 93,095
---------- ---------- ---------- ----------
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 10,000,000
shares authorized, none issued and outstanding -- -- -- --
Common stock, $0.001 par value, 500,000,000
shares authorized 153,250,000 issued and
outstanding at June 30, 2011 153,250 100 90,340 (b) 243,690
Additional paid-in capital 1,035,416 -- (68,340) (c) 967,076
Retained Earnings (Accumulated Deficit) (102,520) 12,405 -- (90,115)
Deficit accumulated during development stage (1,125,937) -- -- (1,125,937)
---------- ---------- ---------- ----------
TOTAL STOCKHOLDERS' DEFICIT (39,791) 12,505 22,000 (5,286)
---------- ---------- ---------- ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 5,753 $ 60,056 $ 22,000 $ 87,809
========== ========== ========== ==========
----------
(a) Denoted the $22,000 cash acquired by Young Aviation LLC through a private
offering prior to consummation of Share Exchange with Datamill Media Corp.
(b) Denoted the net effect of 166,060,000 Datamill common stock shares issued
to members of Young Aviation and the 67,000,000 Datamill common stock
shares cancelled by Datamill's Chief Executive Officer pursuant to the
Share Exchange Agreement after giving effect to an increase in Datamill's
authorized common stock to 500,000,000 shares and a ten shares for one
share forward stock split.
(c) Denoted the effect to additional paid in capital in conjunction with the
Share Exchange Agreement and recapitalization of Datamill Media Corp.
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DATAMILL MEDIA CORP. AND SUBSIDIARY
UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2010
Datamill Young Pro Forma Pro Forma
Media Corp. Aviation Adjustments Consolidated
------------ ------------ ------------- ------------
REVENUES $ -- $ 551,426 $ -- $ 551,426
COST OF GOODS SOLD -- 383,997 -- 383,997
------------ ------------ ------------- ------------
GROSS PROFIT -- 167,429 -- 167,429
------------ ------------ ------------- ------------
OPERATING EXPENSES
Sales and marketing expenses -- 4,016 -- 4,016
Professional fees 41,372 -- -- 41,372
General and administrative 16,375 129,713 -- 146,088
Compensation - officer 10,000 -- -- 10,000
------------ ------------ ------------- ------------
TOTAL OPERATING EXPENSES 67,747 133,729 -- 201,476
------------ ------------ ------------- ------------
Income(loss)from Operations (67,747) 33,699 -- (34,048)
------------ ------------ ------------- ------------
OTHER INCOME (EXPENSE)
Interest income -- 3 -- 3
------------ ------------ ------------- ------------
TOTAL OTHER INCOME -- 3 -- 3
------------ ------------ ------------- ------------
NET INCOME (LOSS) $ (67,747) $ 33,702 $ -- $ (34,045)
============ ============ ============= ============
Net Loss per share - Basic and diluted $ 0.00 $ -- $ -- $ 0.00
============ ============ ============= ============
Weighted Average Shares Outstanding -
Basic and diluted 39,140,410 -- 90,440,000 (a) 129,580,410
============ ============ ============= ============
----------
(a) Denoted the net effect of 166,060,000 Datamill common stock shares issued
to members of Young Aviation and the 67,000,000 Datamill common stock
shares cancelled by Datamill's Chief Executive Officer pursuant to the
Share Exchange Agreement after giving effect to an increase in Datamill's
authorized common stock to 500,000,000 shares and a ten shares for one
share forward stock split.
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DATAMILL MEDIA CORP. AND SUBSIDIARY
UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2011
Datamill Young Pro Forma Pro Forma
Media Corp. Aviation Adjustments Consolidated
------------ ------------ ------------- ------------
REVENUES $ -- $ 551,426 $ -- $ 551,426
COST OF GOODS SOLD -- 383,997 -- 383,997
------------ ------------ ------------- ------------
GROSS PROFIT -- 167,429 -- 167,429
------------ ------------ ------------- ------------
OPERATING EXPENSES
Sales and marketing expenses -- 4,016 -- 4,016
Professional fees 41,372 -- -- 41,372
General and administrative 16,375 129,713 -- 146,088
Compensation - officer 10,000 -- -- 10,000
------------ ------------ ------------- ------------
TOTAL OPERATING EXPENSES 67,747 133,729 -- 201,476
------------ ------------ ------------- ------------
Income(loss)from Operations (67,747) 33,699 -- (34,048)
------------ ------------ ------------- ------------
OTHER INCOME (EXPENSE)
Interest income -- 3 -- 3
------------ ------------ ------------- ------------
TOTAL OTHER INCOME -- 3 -- 3
------------ ------------ ------------- ------------
NET INCOME (LOSS) $ (67,747) $ 33,702 $ -- $ (34,045)
============ ============ ============= ============
Net Loss per share - Basic and diluted $ 0.00 $ -- $ -- $ 0.00
============ ============ ============= ============
Weighted Average Shares Outstanding -
Basic and diluted 39,140,410 -- 90,440,000 (a) 129,580,410
============ ============ ============= ============
----------
(a) Denoted the net effect of 166,060,000 Datamill common stock shares issued
to members of Young Aviation and the 67,000,000 Datamill common stock
shares cancelled by Datamill's Chief Executive Officer pursuant to the
Share Exchange Agreement after giving effect to an increase in Datamill's
authorized common stock to 500,000,000 shares and a ten shares for one
share forward stock split.
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