Attached files
file | filename |
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8-K - Bitzio, Inc. | form8kamendmentnov42011vedga.htm |
EX-9 - Bitzio, Inc. | exhibit9011.htm |
EX-9 - Bitzio, Inc. | exhibit9013.htm |
EX-9 - Bitzio, Inc. | exhibit9012.htm |
Exhibit 9.01.4
BITZIO, INC. | |||||||||||||||||||
(FKA Rocky Mountain Fudge, Inc.) | |||||||||||||||||||
Proforma Consolidated Balance Sheet | |||||||||||||||||||
June 30, 2011 | |||||||||||||||||||
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ASSETS | |||||||||||||||||||
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| Adjusted | |||
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| Bitzio |
| Bitzio |
| Combined |
| Pro Forma |
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| ProForma | |||||
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| Inc. |
| LLC |
| Totals |
| Adjustments |
| REF |
| Totals | |||||
CURRENT ASSETS |
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| Cash |
| $ | 2,731 |
| $ | - |
| $ | 2,731 |
| $ | - |
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| $ | 2,731 | |
| Prepaid expenses |
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| 292,500 |
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| - |
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| 292,500 |
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| - |
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| 292,500 | |
| Accounts receivable, net |
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| - |
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| 668 |
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| 668 |
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| - |
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| 668 | |
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| Total Current Assets |
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| 295,231 |
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| 668 |
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| 295,899 |
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| - |
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| 295,899 |
PROPERTY AND EQUIPMENT, net |
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| 1,365 |
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| - |
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| 1,365 |
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| - |
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| 1,365 | ||
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OTHER ASSETS |
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| Customer lists |
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| - |
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| - |
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| - |
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| 2,350,000 |
| [1] |
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| 2,350,000 | |
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| Total Other Assets |
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| - |
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| - |
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| - |
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| 2,350,000 |
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| 2,350,000 |
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| TOTAL ASSETS |
| $ | 296,596 |
| $ | 668 |
| $ | 297,264 |
| $ | 2,350,000 |
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| $ | 2,647,264 |
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1
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||
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CURRENT LIABILITIES |
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| Accounts payable and accrued expenses |
| $ | 440 |
| $ | 1,600 |
| $ | 2,040 |
| $ | - |
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| $ | 2,040 | |
| Related party payable |
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| 392 |
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| - |
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| 392 |
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| - |
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| 392 | |
| Notes payable-related party |
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| 25,000 |
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| - |
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| 25,000 |
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| - |
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| 25,000 | |
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| Total Current Liabilities |
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| 25,832 |
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| 1,600 |
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| 27,432 |
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| - |
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| 27,432 |
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| TOTAL LIABILITIES |
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| 25,832 |
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| 1,600 |
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| 27,432 |
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| - |
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| 27,432 |
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STOCKHOLDERS' EQUITY |
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| Preferred stock |
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| - |
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| - |
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| - |
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| - |
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| - | |
| Common stock |
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| 33,750 |
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| - |
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| 33,750 |
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| 5,000 |
| [1] |
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| 38,750 | |
| Additional paid-in capital |
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| 501,700 |
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| 1,342 |
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| 503,042 |
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| 2,345,000 |
| [1] |
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| 2,845,768 | |
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| - |
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| - |
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| - |
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| (2,274) |
| [2] |
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| - |
| Retained earnings (deficit) |
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| (264,686) |
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| (2,274) |
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| (266,960) |
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| 2,274 |
| [2] |
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| (264,686) | |
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| Total Stockholders' Equity |
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| 270,764 |
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| (932) |
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| 269,832 |
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| 2,350,000 |
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| 2,619,832 |
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| TOTAL LIABILITIES AND |
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| STOCKHOLDERS' EQUITY (DEFICIT) |
| $ | 296,596 |
| $ | 668 |
| $ | 297,264 |
| $ | 2,350,000 |
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| $ | 2,647,264 |
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| [1] |
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| Record purchase of Bitzio LLC for 5,000,000 shares of common stock at $0.47 per share | ||||||||||||||
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| [2] |
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| Eliminate deficit of subsidiary |
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2
BITZIO, INC. | |||||||||||||||||||
(FKA Rocky Mountain Fudge, Inc.) | |||||||||||||||||||
Proforma Consolidated Statements of Operations | |||||||||||||||||||
For the Six Months Ended June 30, 2011 | |||||||||||||||||||
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| Pro-Forma | |
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| Adjusted | |||
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| Bitzio |
| Bitzio |
| Combined |
| Pro Forma |
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| Combined | |||||
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| Inc. |
| LLC |
| Totals |
| Adjustments |
| REF |
| Totals | |||||
REVENUES |
| $ | - |
| $ | 2,415 |
| $ | 2,415 |
| $ | - |
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| $ | 2,415 | ||
COST OF SALES |
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| - |
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| - |
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| - |
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| - |
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| - | ||
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GROSS PROFIT |
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| - |
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| 2,415 |
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| 2,415 |
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| - |
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| 2,415 | ||
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OPERATING EXPENSES |
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| General and administrative |
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| 22,865 |
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| 310 |
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| 23,175 |
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| - |
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| 23,175 | |
| Depreciation expense |
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| 341 |
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| - |
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| 341 |
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| - |
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| 341 | |
| Professional fees |
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| 19,128 |
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| - |
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| 19,128 |
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| 19,128 | |
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| Total Costs and Expenses |
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| 42,334 |
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| 310 |
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| 42,644 |
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| - |
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| 42,644 |
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| OPERATING LOSS |
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| (42,334) |
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| 2,105 |
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| (40,229) |
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| - |
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| (40,229) |
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OTHER INCOME (EXPENSE) |
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| Interest expense |
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| (246) |
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| - |
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| (246) |
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| - |
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| (246) | |
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| Total Other Income (Expense) |
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| (246) |
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| - |
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| (246) |
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| - |
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| (246) |
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| LOSS BEFORE INCOME TAXES |
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| (42,580) |
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| 2,105 |
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| (40,475) |
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| - |
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| (40,475) |
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| PROVISION FOR INCOME TAXES |
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| - |
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| (800) |
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| (800) |
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| - |
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| (800) |
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| NET LOSS |
| $ | (42,580) |
| $ | 1,305 |
| $ | (41,275) |
| $ | - |
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| $ | (41,275) |
3