Attached files
| file | filename |
|---|---|
| 8-K/A - Universal Bioenergy, Inc. | universal8ka.htm |
| EX-99.1 CHARTER - Universal Bioenergy, Inc. | ex99_1.htm |
Exhibit 99.2
| NDR Energy Group | ||||||||||||||||
| Projected Financial Statements | ||||||||||||||||
| Income Statements | ||||||||||||||||
| For the Years Ended December 31, | ||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | |||||||||||||
| REVENUES | $ | 42,877,000 | $ | 51,891,000 | $ | 71,000,000 | $ | 110,000,000 | ||||||||
| COST OF SALES | 42,791,246 | 51,787,218 | 70,858,000 | 105,600,000 | ||||||||||||
| GROSS PROFIT | 85,754 | 103,782 | 142,000 | 4,400,000 | ||||||||||||
| OPERATING EXPENSES: | ||||||||||||||||
| General and administrative | 145,000 | 158,000 | 272,000 | 450,000 | ||||||||||||
| Sales and marketing | — | — | 1,400 | 160,000 | ||||||||||||
| Depreciation expense | — | 1,527 | 2,800 | 4,000 | ||||||||||||
| Total operating expenses | 145,000 | 159,527 | 276,200 | 614,000 | ||||||||||||
| INCOME (LOSS) FROM OPERATIONS | (59,246 | ) | (55,745 | ) | (134,200 | ) | 3,786,000 | |||||||||
| OTHER INCOME (EXPENSE): | ||||||||||||||||
| Other income | 1,200 | — | — | — | ||||||||||||
| Interest (expense) | — | (10,600 | ) | (14,500 | ) | 17,500 | ||||||||||
| Total other expense | 1,200 | (10,600 | ) | (14,500 | ) | 17,500 | ||||||||||
| NET INCOME (LOSS) | $ | (58,046 | ) | $ | (66,345 | ) | $ | (148,700 | ) | $ | 3,803,500 | |||||
| (1) |
| NDR Energy Group | ||||||||||||||||
| Projected Financial Statements | ||||||||||||||||
| Balance Sheets | ||||||||||||||||
| ASSETS | ||||||||||||||||
| 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | |||||||||||||
| CURRENT ASSETS: | ||||||||||||||||
| Cash | — | — | 6,243 | 560,850 | ||||||||||||
| Accounts receivable | — | 13,548,150 | 9,998,203 | 11,000,000 | ||||||||||||
| Other current assets | — | — | ||||||||||||||
| Total current assets | 13,548,150 | 10,004,446 | 11,560,850 | |||||||||||||
| PROPERTY AND EQUIPMENT - net | — | 11,567 | 8,951 | 65,000 | ||||||||||||
| OTHER ASSETS: | ||||||||||||||||
| Investment from Universal Bioenergy, Inc. | — | 250,000 | 250,000 | 502,000 | ||||||||||||
| Security deposits | — | 3,520 | 3,416 | 6,500 | ||||||||||||
| Total other assets | — | 253,520 | 253,416 | 508,500 | ||||||||||||
| TOTAL ASSETS | — | 13,813,237 | 10,266,812 | 12,134,350 | ||||||||||||
| LIABILITIES AND MEMBER'S DEFICIT | ||||||||||||||||
| CURRENT LIABILITIES: | ||||||||||||||||
| Accounts payable | 122 | 13,536,123 | 9,994,382 | 10,660,000 | ||||||||||||
| Related party payable | — | — | 575,537 | 672,000 | ||||||||||||
| Lines of credit | — | 12,304 | 7,850 | 7,850 | ||||||||||||
| Other current liabilities | 7,000 | 7,000 | 4,250 | 3,500 | ||||||||||||
| Total current liablities | 7,122 | 13,555,427 | 10,582,019 | 11,343,350 | ||||||||||||
| Long term notes payable | — | 122,000 | — | 0 | ||||||||||||
| TOTAL LIABILITES | 7,122 | 13,677,427 | 10,582,019 | 11,343,350 | ||||||||||||
| MEMBER'S EQUITY (DEFICIT): | ||||||||||||||||
| Member's capital contributions | 188,889 | 440,048 | 190,048 | 210,000 | ||||||||||||
| Accumulated deficit | (196,011 | ) | (304,238 | ) | (505,255 | ) | 581,000 | |||||||||
| Total member's deficit | (7,122 | ) | 135,810 | (315,207 | ) | 791,000 | ||||||||||
| TOTAL LIABILITIES AND MEMBER'S EQUITY (DEFICIT) | $ | — | $ | 13,813,237 | $ | 10,266,812 | $ | 12,134,350 | ||||||||