Premier Brands, Inc. - FORM 8-K - EX-99.2 - PRO FORMA - February 10, 2012

Attached files

file filename
8-K - CURRENT REPORT - Premier Brands, Inc.f8k020612_tracksoft.htm
EX-16.1 - LETTER FROM KYLE L. TINGLE, CPA, LLC - Premier Brands, Inc.f8k020612ex16_tracksoft.htm
EX-4.1 - FORM OF ASSETS ACQUISITION NOTE DATED FEBRUARY 6, 2012 - Premier Brands, Inc.f8k020612ex4i_tracksoft.htm
EX-99.1 - CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD FROM INCEPTION TO THE YEAR END DECEMBER 31, 2011 FOR ZIZZAZ LLC. - Premier Brands, Inc.f8k020612ex99i_tracksoft.htm
EX-4.2 - FORM OF FINANCING NOTE DATED FEBRUARY 6, 2012 - Premier Brands, Inc.f8k020612ex4ii_tracksoft.htm
EX-10.1 - AGREEMENT OF SALE, DATED FEBRUARY 6, 2012, BY AND AMONG THE COMPANY AND MATTHEW HOWELL - Premier Brands, Inc.f8k020612ex10i_tracksoft.htm
EX-10.2 - SUBSCRIPTION AGREEMENT DATED FEBRUARY 6, 2012 - Premier Brands, Inc.f8k020612ex10ii_tracksoft.htm
EX-2.1 - PURCHASE AGREEMENT, DATED FEBRUARY 6, 2012, BY AND AMONG THE COMPANY, ZIZZAZ LLC, MLF HOLDINGS, LLC, DOUBLE U MASTER FUND, LTD., AND MARVIN MERMELSTEIN. - Premier Brands, Inc.f8k020612ex2i_tracksoft.htm
Exhibit 99.2
 
 
TRACKSOFT SYSTEMS, INC.
  
PRO FORMA BALANCE SHEET
  
August 31, 2011
  
(Unaudited)
  
                               
   
As Reported
    
Pro Forma
  
                               
   
Tracksoft Systems, Inc
    
Zizzaz, LLC
                    
   
8/31/2011
    
8/31/2011
    
Adjustments
          
Combined
  
                               
ASSETS
                              
                               
CURRENT ASSETS:
                              
Cash
   $ -     $ -     $ 350,000       2     $ 350,000  
Inventory
     -       -       77,000       1       77,000  
                                         
Total Current Assets
     -       -       427,000               427,000  
                                         
Intangible assets
     -       -       923,000       1       923,000  
                                         
Total Assets
   $ -     $ -     $ 1,350,000             $ 1,350,000  
                                         
 LIABILITIES AND STOCKHOLDERS' DEFICIT
                                        
                                         
CURRENT LIABILITIES:
                                        
Related party payables
     500       -       -       -       500  
                                         
Total Current Liabilities
     500       -       -               500  
                                         
CONVERTIBLE NOTES PAYABLE
     -       -       1,350,000       1,2       1,350,000  
                                         
TOTAL LIABILITES
     500       -       1,350,000               1,350,500  
                                         
STOCKHOLDERS' EQUITY (DEFICIT):
                                        
Common stock
     2,335       -       -       -       2,335  
Additional paid-in capital
     9,365       -       -       -       9,365  
Accumulated deficit
     (12,200 )     -       -       -       (12,200 )
                                         
Total Stockholders' Equity
     (500 )     -       -               (500 )
                                         
Total Liabilities and Stockholders' Equity
   $ -     $ -     $ 1,350,000             $ 1,350,000  
                                         
 
   
 
1
On February 6, 2012, the Company entered into an asset purchase agreement with Zizzaz LLC.  In accordance with the agreement, the Company issued $1,000,000 Senior Secured Convertible Notes. In return, the Company received all assets of Zizzazz LLC. The Pro Forma adjustment reflects the assets received at Fair Market Value
                     
 
2
On February 6, 2012, the Company sold and and issued $350,000 in Sentior Secured Convertible Notes for gross proceeds of $350,000.
    
 
 
 
 
 
TRACKSOFT, SYSTEMS, INC.
  
PRO FORMA STATEMENT OF OPERATIONS
  
For the Year Ended August 31, 2011
  
(Unaudited)
  
                         
   
As Reported
    
Pro Forma
  
                         
   
Tracksoft System, Inc.
    
Zizzaz LLC
              
   
8/31/2011
    
8/31/2011
    
Adjustments
    
Combined
  
                         
TOTAL  REVENUES
   $ -     $ -     $ -     $ -  
                                 
COST OF REVENUES
     -       -       -       -  
                                 
 GROSS PROFIT
     -       -       -       -  
                                 
 OPERATING EXPENSES:
                                
General and administrative expenses
     11,450       -       -       11,450  
                                 
Total Operating Expenses
     11,450       -       -       11,450  
                                 
NET INCOME (LOSS)
   $ (11,450 )   $ -     $ -     $ (11,450 )
 
 
 
 
 
 
TRACKSOFT, SYSTEMS, INC.
  
PRO FORMA STATEMENT OF OPERATIONS
  
For the Three Months Ended November 30, 2011
  
(Unaudited)
  
                               
   
As Reported
    
Pro Forma
  
                               
   
Tracksoft System, Inc.
    
Zizzaz LLC
                    
   
11/30/2011
    
11/30/2011
    
Adjustments
          
Combined
  
                               
TOTAL  REVENUES
   $ -     $ -     $ -           $ -  
                                       
COST OF REVENUES
     -       -       -             -  
                                       
 GROSS PROFIT
     -       -       -             -  
                                       
 OPERATING EXPENSES:
                                      
General and administrative expenses
     15,099       43,360       (26,045 )     1       32,414  
                                         
Total Operating Expenses
     15,099       43,360       (26,045 )             32,414  
                                         
NET INCOME (LOSS)
   $ (15,099 )   $ (43,360 )   $ 26,045             $ (32,414 )
 
1
To deduct legal and professional costs associated with the transaction.
      
 
 
 

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