Attached files
| file |
filename |
| 8-K/A - AMENDMENT NO. 1 TO FORM 8-K - Vapor Group, Inc. | g5605.txt |
| EX-2.1 - SHARE EXCHANGE AGREEMENT - Vapor Group, Inc. | ex2-1.txt |
| EX-23.1 - CONSENT OF AUDITOR - Vapor Group, Inc. | ex23-1.txt |
| EX-99.1 - AUDITED FINANCIAL STATEMENTS - Vapor Group, Inc. | ex99-1.txt |
| EX-10.5 - MATERIAL TERMS OF VERBAL LOAN AGREEMENT - Vapor Group, Inc. | ex10-5.txt |
| EX-10.4 - MATERIAL TERMS OF VERBAL LOAN AGREEMENT - Vapor Group, Inc. | ex10-4.txt |
| EX-10.6 - MATERIAL TERMS OF VERBAL LOAN AGREEMENT - Vapor Group, Inc. | ex10-6.txt |
| EX-3.1-1 - AMENDED ARTICLES OF INCORPORATION - Vapor Group, Inc. | ex3-11.txt |
| EX-99.2 - UNAUDITED FINANCIAL STATEMENTS - Vapor Group, Inc. | ex99-2.txt |
| EX-10.3 - AMENDED SHARE EXCHANGE AGREEMENT - Vapor Group, Inc. | ex10-3.txt |
Exhibit 99.3
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 nine month periods
ended September 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 nine month periods ended September 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
SEPTEMBER 30, 2011
Datamill Young Pro Forma Pro Forma
Media Corp. Aviation Adjustments Consolidated
----------- ---------- ----------- ------------
ASSETS
CURRENT ASSETS
Cash $ 434 $ 1,964 $ 22,000 (a) $ 24,398
Accounts receivable -- 2,372 -- 2,372
Advances receivable - related party -- 20,138 (e) -- 20,138
Inventory -- 46,805 -- 46,805
Other current assets -- 1,431 -- 1,431
---------- ---------- ---------- ----------
TOTAL CURRENT ASSETS 434 72,710 22,000 95,144
---------- ---------- ---------- ----------
Property and equipment, net -- 5,500 -- 5,500
---------- ---------- ---------- ----------
TOTAL ASSETS $ 434 $ 78,210 $ 22,000 $ 100,644
========== ========== ========== ==========
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable & accrued expenses $ 7,680 $ -- -- $ 7,680
Due to related party - officer 29,049 (d) -- -- 29,049
Loans payable - related parties -- 37,000 (f) -- 37,000
Notes payable 20,000 -- -- 20,000
Other payables -- 11,141 -- 11,141
---------- ---------- ---------- ----------
TOTAL CURRENT LIABILITIES 56,729 48,141 -- 104,870
---------- ---------- ---------- ----------
TOTAL LIABILITIES 56,729 48,141 -- 104,870
---------- ---------- ---------- ----------
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 September 30, 2011 153,250 100 99,060 (b) 252,310
Additional paid-in capital 1,035,416 -- (77,060) (c) 958,456
Retained Earnings (Accumulated Deficit) (102,520) 29,969 -- (72,551)
Deficit accumulated during development stage (1,142,441) -- -- (1,142,441)
---------- ---------- ---------- ----------
TOTAL STOCKHOLDERS' DEFICIT (56,295) 30,069 22,000 (4,226)
---------- ---------- ---------- ----------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 434 $ 78,210 $ 22,000 $ 100,644
========== ========== ========== ==========
----------
(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.
(d) Denoted as officer loan amount due to CEO of Datamill.
(e) Denoted advance receivable from CEO of Young Aviation.
(f) Denoted loans payable to shareholders of Young Aviation.
F-2
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 16,375 111,100 -- 127,375
Compensation - officer 10,000 -- -- 10,000
------------ ------------ ------------- ------------
TOTAL OPERATING EXPENSES 67,747 115,116 -- 182,863
------------ ------------ ------------- ------------
Income(loss)from Operations (67,747) 52,313 -- 15,434
------------ ------------ ------------- ------------
OTHER INCOME (EXPENSE)
Interest income -- 3 -- 3
Interest expense -- (18,614) -- (18,614)
------------ ------------ ------------- ------------
TOTAL OTHER INCOME (EXPENSE) -- (18,611) -- (18,611)
------------ ------------ ------------- ------------
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 103,250,000 -- 99,060,000 (a) 202,310,000
============ ============ ============= ============
----------
(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.
F-3
DATAMILL MEDIA CORP. AND SUBSIDIARY
UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011
Datamill Young Pro Forma Pro Forma
Media Corp. Aviation Adjustments Consolidated
------------ ------------ ------------- ------------
REVENUES $ -- $ 176,922 $ -- $ 176,922
COST OF GOODS SOLD -- 70,422 -- 70,422
------------ ------------ ------------- ------------
GROSS PROFIT -- 106,480 -- 106,480
------------ ------------ ------------- ------------
OPERATING EXPENSES
Sales and marketing expenses -- 3,278 -- 3,278
Professional fees 53,152 -- -- 53,152
General and administrative 22,772 68,687 -- 102,204
Compensation - officer -- -- -- 10,000
------------ ------------ ------------- ------------
TOTAL OPERATING EXPENSES 75,924 71,965 -- 147,889
------------ ------------ ------------- ------------
Income(loss)from Operations (75,924) 34,515 -- (41,409)
------------ ------------ ------------- ------------
OTHER INCOME (EXPENSE)
Interest expense (2,900) (2,201) -- (5,101)
Debt forgiveness income 73,676 -- -- 73,676
------------ ------------ ------------- ------------
TOTAL OTHER INCOME (EXPENSE) 70,776 (2,201) -- 68,575
------------ ------------ ------------- ------------
NET INCOME (LOSS) $ (5,148) $ 32,314 $ -- $ 27,166
============ ============ ============= ============
Net Loss per share - Basic and diluted $ (0.00) $ -- $ -- $ 0.00
============ ============ ============= ============
Weighted Average Shares Outstanding -
Basic and diluted 124,690,260 -- 99,060,000 (a) 223,750,260
============ ============ ============= ============
----------
(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.
F-4
