Attached files
| file | filename |
|---|---|
| 8-K - LIVING 3D HOLDINGS SUPER 8-K - LIVING 3D HOLDINGS, INC. | livingthreedeightk.htm |
| EX-4.1 - EX 4.1 - LIVING 3D HOLDINGS, INC. | exhibitfourone.htm |
| EX-3.2 - EX 3.2 - LIVING 3D HOLDINGS, INC. | exhibitthreetwo.htm |
| EX-3.3 - EX 3.3 - LIVING 3D HOLDINGS, INC. | exhibitthreethree.htm |
| EX-2.1 - EX 2.1 - LIVING 3D HOLDINGS, INC. | exhibittwopointone.htm |
| EX-2.2 - EX 2.2 - LIVING 3D HOLDINGS, INC. | exhibittwopointtwo.htm |
| EX-21.1 - EX 21.1 - LIVING 3D HOLDINGS, INC. | exhibittwentyoneone.htm |
| EX-99.1 - EX 99.1 - LIVING 3D HOLDINGS, INC. | exhibitninetynineone.htm |
| EX-3.1 - EX 3.1 - LIVING 3D HOLDINGS, INC. | exhibittghreepointone.htm |
| EX-99.2 - EX 99.2 - LIVING 3D HOLDINGS, INC. | exhibitninetyninepointtwo.htm |
| EX-99.3 - EX 99.3 - LIVING 3D HOLDINGS, INC. | exhibitninetyninepointthree.htm |
LIVING 3D HOLDINGS LTD
AND
LIVING 3D HOLDINGS INC (FORMERLY AIRWARE INTERNATIONAL CORP)
UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS
- 1 -
UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET
AS OF SEPTEMBER 30, 2011
| Living 3D Holdings Inc | ||||||||||||||||
|
Living 3D
Holdings
Ltd
|
(formerly AirWare
International
Corp)
|
Pro Forma
Adjustments
|
Pro Forma
Consolidated
|
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|
|
||||||||||||||||
|
ASSETS
|
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|
Current Assets
|
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|
Cash and cash equivalents
|
$ | 97,041 | $ | - | $ | $ | 97,041 | |||||||||
|
Other assets
|
33 | - | 33 | |||||||||||||
|
Total Current Assets
|
97,074 | - | 97,074 | |||||||||||||
|
TOTAL ASSETS
|
$ | 97,074 | $ | - | $ | $ | 97,074 | |||||||||
|
LIABILITIES & SHAREHOLDERS’ EQUITY (DEFICIT)
|
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Current Liabilities
|
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Accounts payable
|
$ | 18,756 | $ | - | $ | $ | 18,756 | |||||||||
|
Accrued liabilities and other payable
|
1,303 | 2,210 | (2,210 | ) | 1,303 | |||||||||||
|
Due to related party
|
120,418 | 14,101 | (14,101 | ) | 120,418 | |||||||||||
|
Total Current Liabilities
|
140,477 | 16,311 | (16,311 | ) | 140,477 | |||||||||||
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TOTAL LIABILITIES
|
$ | 140,477 | $ | 16,311 | $ | $ | 140,477 | |||||||||
|
SHAREHOLDERS’ EQUITY (DEFICIT)
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Common stock, $1.00 par value, 50,000 shares authorized, 100 shares issued and outstanding
|
$ | 100 | $ | (100 | )A | $ | - | |||||||||
|
Common stock, $0.001 par value, 90,000,000 shares authorized, 7,112,600 shares issued and outstanding
|
7,113 | 62,591 | B | 69,704 | ||||||||||||
|
Additional paid-in capital
|
- | 499,696 | 100 | A | (69,604 | ) | ||||||||||
| (62,591 | )B | |||||||||||||||
| 16,311 | D | |||||||||||||||
| (523,120 | )C | |||||||||||||||
|
Deficit accumulated during the development stage
|
(43,503 | ) | (523,120 | ) | 523,120 | C | (43,503 | ) | ||||||||
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TOTAL SHARFEHOLDERS’ EQUITY (DEFICIT)
|
(43,503 | ) | (16,311 | ) | 16,311 | (43,403 | ) | |||||||||
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
|
$ | 97,074 | $ | - | $ | $ | 97,074 | |||||||||
- 2 -
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2010
| Living 3D Holdings Inc | ||||||||||||||||
|
Living 3D
Holdings Ltd
|
(formerly AirWare
International
Corp)
|
Pro Forma
Adjustments
|
Pro Forma
Consolidated
|
|||||||||||||
|
Revenue
|
$ | 137,555 | $ | - | $ | $ | 137,555 | |||||||||
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Cost of revenue
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99,997 | - | 99,997 | |||||||||||||
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Gross profit
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37,558 | 37,558 | ||||||||||||||
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Operating expenses
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||||||||||||||||
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General and administrative expenses
|
13,775 | 22,954 | 36,729 | |||||||||||||
|
Total operating expenses
|
13,775 | 22,954 | 36,729 | |||||||||||||
|
Income (loss) from operations
|
23,783 | (22,954 | ) | 829 | ||||||||||||
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Other income
|
131 | - | 131 | |||||||||||||
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Income (loss) before income tax
|
23,914 | (22,954 | ) | 960 | ||||||||||||
|
Income tax expenses
|
- | - | - | |||||||||||||
|
Net Income (Loss)
|
$ | 23,914 | $ | (22,954 | ) | $ | $ | 960 | ||||||||
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Other comprehensive income (loss)
|
- | - | - | |||||||||||||
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Total Comprehensive Income (Loss)
|
$ | 23,914 | $ | (22,954 | ) | $ | $ | 960 | ||||||||
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Basic and Diluted Income (Loss) Per Common Share
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$ | - | $ | (0.00 | ) | $ | $ | 0.00 | ||||||||
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Weighted Average Common Share: Basic and Diluted
|
- | 7,112,600 | 69,703,480 | |||||||||||||
- 3 -
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011
| Living 3D Holdings Inc. | ||||||||||||||||
|
Living 3D
Holdings Ltd
|
(formerly AirWare
International
Corp)
|
Pro Forma
Adjustments
|
Pro Forma
Consolidated
|
|||||||||||||
|
Revenue
|
$ | 21,237 | $ | - | $ | $ | 21,237 | |||||||||
|
Cost of revenue
|
18,756 | - | 18,756 | |||||||||||||
|
Gross profit
|
2,481 | 2,481 | ||||||||||||||
|
Operating expenses
|
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General and administrative expenses
|
65,817 | 13,152 | 78,969 | |||||||||||||
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Total operating expenses
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65,817 | 13,152 | 78,969 | |||||||||||||
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Loss from operations
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(63,336 | ) | (13,152 | ) | (76,488 | ) | ||||||||||
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Other income (expense)
|
16 | (700 | ) | (684 | ) | |||||||||||
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Loss before income tax
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(63,320 | ) | (13,852 | ) | (77,172 | ) | ||||||||||
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Income tax expenses
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- | - | - | |||||||||||||
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Net Loss
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$ | (63,320 | ) | $ | (13,852 | ) | $ | $ | (77,172 | ) | ||||||
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Other comprehensive loss
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- | - | - | |||||||||||||
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Total Comprehensive Loss
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$ | (63,320 | ) | $ | (13,852 | ) | $ | $ | (77,172 | ) | ||||||
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Basic and Diluted Loss Per Common Share
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$ | - | $ | (0.00 | ) | $ | $ | 0.00 | ||||||||
|
Weighted Average Common Share: Basic and Diluted
|
- | 7,112,600 | 69,703,480 | |||||||||||||
The accompanying notes are an integrated part of these unaudited pro forma consolidated financial statements.
- 4 -
Note 1 - BASIS OF PRESENTATION
On December 8, 2011, Living3D Holdings Ltd (the "Company") entered into a share exchange agreement (the "Share Exchange") with Living 3D Holdings, Inc. (formerly AirWare International Corp and formerly Concrete Casting Incorporated), a company incorporated in the State of Nevada. Under the Exchange Agreement Living 3D Holdings, Inc. ("Living 3D") issued an aggregate of 62,590,800 shares of its common stock to the shareholders of the Company in exchange for all of the issued and outstanding securities of the Company. The Share Exchange closed on December 8, 2011. As a result of the Share Exchange, the Company became Living 3D's wholly-owned subsidiary. The transaction was accounted for as a reverse merger and recapitalization whereby the Company is the accounting acquirer and Living 3D is the acquired party.
Consequently, the assets and liabilities and the historical operations that will be reflected in the consolidated financial statements for periods prior to the Share Exchange Agreement will be those of the Company and will be recorded at the historical cost basis. After the completion of the Share Exchange Agreement, the Company’s consolidated financial statements will include the assets and liabilities of the Company and Living 3D, the historical operations of the Company and the operations of Living 3D from the closing date of the Share Exchange Agreement.
These pro forma consolidated financial statements are prepared assuming the above transaction occurred on September 30, 2011 (as to the balance sheet) and on January 1, 2010 and on January 1, 2011 (as to the income statements).
Audited financial statements of the Company and Living 3D have been used in the preparation of these pro forma consolidated financial statements. These pro forma consolidated financial statements should be read in conjunction with the historical financial statements of Living 3D and the Company.
Note 2 – PRO FORMA ASSUMPTIONS AND ADJUSTMENTS
A: To record the elimination of the common stock of Living 3D Holding Ltd the legal acquiree.
B: To record the exchange of shares of Living 3D Holdings, Inc. for shares of Living 3D Holding Ltd
C: To record the elimination of the historical retained earnings of Living 3D Holdings, Inc., the legal acquirer.
D: To record the contribution to capital through forgiveness of company liabilities at the closing of the share exchange.
- 5 -