Attached files
| file | filename |
|---|---|
| EX-99.4 - FAIRNESS OPINION - ALLTEMP, INC. | f8k020914a1ex99iv_wikigroup.htm |
| EX-99.2 - FINANCIAL STATEMENTS OF WIKIPAY FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 - ALLTEMP, INC. | f8k020914a1ex99ii_wikigroup.htm |
| 8-K/A - CURRENT REPORT AMENDMENT - ALLTEMP, INC. | f8k020914a1_wikigroup.htm |
Exhibit 99.3
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The Wiki Group, Inc.
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(Formerly Known as WikiLoan, Inc.)
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Index to Pro-Forma Financial Statements
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January 31, 2012 and 2011
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Page
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Number
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Financial Statements:
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Pro-Forma Balance Sheets as of January 31, 2012 and 2011
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2
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Pro-Forma Statement of Operations for the years ended January 31, 2012 and 2011
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3
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1
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The Wiki Group, Inc.
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(Formerly Known as WikiLoan, Inc.)
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Pro-Forma Balance Sheet
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As of January 31,
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2012
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2011
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Assets
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Current assets:
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Cash and cash equivalents
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$ | 40,000 | $ | 88,384 | ||||
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Accounts receivable
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- | 196,485 | ||||||
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Prepaid consulting fees
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- | 64,488 | ||||||
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Total current assets
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40,000 | 349,357 | ||||||
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Fixed assets:
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Office equipment
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- | 5,297 | ||||||
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Computer equipment
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19,130 | 14,174 | ||||||
| 19,130 | 19,471 | |||||||
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Less: accumulated depreciation
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(5,116 | ) | (9,597 | ) | ||||
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Fixed assets, net
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14,014 | 9,874 | ||||||
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Other assets:
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Domain names
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74,942 | 74,942 | ||||||
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Software development costs
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38,634 | 28,531 | ||||||
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Deferred payment processing costs
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92,500 | 122,500 | ||||||
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SDI disribution agreement
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- | 51,000 | ||||||
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Other assets
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9,062 | - | ||||||
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Total other assets
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206,076 | 276,973 | ||||||
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Total assets
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$ | 260,090 | $ | 636,204 | ||||
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Liabilities and Shareholders' Deficit
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Liabilities
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Current liabilities:
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Accounts payable
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$ | - | $ | 256,485 | ||||
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Accrued interest
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73,932 | 55,750 | ||||||
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Derivative liabilities
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46,100 | 1,914,672 | ||||||
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Loan payable related party
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365,000 | 225,000 | ||||||
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Convertible notes payables, net of discounts on debt
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of $28,769 and $36,972
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321,231 | 413,028 | ||||||
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Total current liabilities
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806,263 | 2,864,935 | ||||||
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Total liabilities
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806,263 | 2,864,935 | ||||||
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Stockholders' equity (deficit)
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Preferred stock, at $0.01 par value; 10,000,000 shares authorized;
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7,992,000 issued and outstanding at January 31, 2012 and 2011
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79,920 | 79,920 | ||||||
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Common stock; at $0.001 par value; 250,000,000 shares authorized;
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53,220,054 shares issued and outstanding at January 31, 2012
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57,434,569 shares issued and outstanding at January 31, 2011
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53,080 | 57,435 | ||||||
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Additional paid-in capital
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9,269,940 | 6,823,498 | ||||||
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Accumulated deficit
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(9,939,275 | ) | (9,179,746 | ) | ||||
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Treasury stock, 9,837,500 common shares, at cost
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(9,838 | ) | (9,838 | ) | ||||
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Total stockholders' deficit
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(546,173 | ) | (2,228,731 | ) | ||||
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Total liabilities and stockholders' deficit
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$ | 260,090 | $ | 636,204 | ||||
The accompanying notes are an integral part of these financial statements.
2
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The Wiki Group, Inc.
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(Formerly Known as WikiLoan, Inc.)
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Pro-Forma Statements of Operations
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For the Years Ended January 31,
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2012
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2011
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Revenues
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$ | 1,318 | $ | 635,919 | ||||
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Cost of sales
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15,000 | 625,669 | ||||||
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Gross profit
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(13,682 | ) | 10,250 | |||||
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Operating expenses
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Selling, general and administrative expenses
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731,075 | 2,553,630 | ||||||
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Research and development costs
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- | 18,775 | ||||||
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Total operating expenses
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731,075 | 2,572,405 | ||||||
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Income (loss) from operations
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(744,757 | ) | (2,562,155 | ) | ||||
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Other income (expenses):
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Gain (loss) from derivative liabilities
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155,374 | (429,886 | ) | |||||
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Interest expense
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(170,146 | ) | (302,091 | ) | ||||
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Total other income (expenses)
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(14,772 | ) | (731,977 | ) | ||||
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(Loss) before provision for income taxes
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(759,529 | ) | (3,294,132 | ) | ||||
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Provision for income taxes
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- | - | ||||||
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Net (loss)
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$ | (759,529 | ) | $ | (3,294,132 | ) | ||
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Basic and fully diluted (loss) per common share:
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(Loss) per common share
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$ | (0.01 | ) | $ | (0.06 | ) | ||
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Basic and fully diluted weighted average common shares outstanding
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53,022,051 | 55,122,301 | ||||||
The accompanying notes are an integral part of these financial statements.
3