Attached files
| file | filename |
|---|---|
| 8-K/A - Be Active Holdings, Inc. | q1100939_8ka-beactive.htm |
| EX-99.1 - BE ACTIVE BRANDS, INC. AUDITED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 - Be Active Holdings, Inc. | q1100939_ex99-1.htm |
Exhibit 99.3
Pro forma unaudited consolidated statement of operations for the year ended December 31, 2011 and for the nine months ended September 30, 2012 and 2011 and pro forma unaudited consolidated balance sheet for the nine months ended September 30, 2012.
|
BE ACTIVE HOLDINGS, INC.
|
|
PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
|
|
UNAUDITED
|
|
BE ACTIVE HOLDINGS, INC
|
BE ACTIVE BRANDS, INC.
|
|||||||||||||||||||
|
f/k/a Super Light, Inc.
|
Proforma
|
|||||||||||||||||||
|
Year Ended
|
Year Ended
|
Proforma
|
Year Ended
|
|||||||||||||||||
|
December 31, 2011
|
December 31, 2011
|
Notes
|
Adjustments
|
December 31, 2011
|
||||||||||||||||
|
Sales
|
$ | 8,880 | $ | 2,571,977 | (8,880 | ) | $ | 2,571,977 | ||||||||||||
|
Trade spend and sales discounts
|
1,150,023 | 1,150,023 | ||||||||||||||||||
|
Cost of goods sold
|
6,000 | 1,506,921 | (6,000 | ) | 1,506,921 | |||||||||||||||
|
Gross Profit (Loss)
|
2,880 | (84,967 | ) | (2,880 | ) | (84,967 | ) | |||||||||||||
|
Operating expenses:
|
||||||||||||||||||||
|
Selling expenses
|
717,350 | 717,350 | ||||||||||||||||||
|
General and administrative
|
52,925 | 458,459 | (52,925 | ) | 458,459 | |||||||||||||||
|
|
||||||||||||||||||||
|
Total Operating Expenses
|
52,925 | 1,175,809 | (52,925 | ) | 1,175,809 | |||||||||||||||
|
|
||||||||||||||||||||
|
Net operating income (loss)
|
(50,045 | ) | (1,260,776 | ) | 50,045 | (1,260,776 | ) | |||||||||||||
|
|
||||||||||||||||||||
|
Other Income (Expenses)
|
||||||||||||||||||||
|
Interest expense, net
|
(6,992 | ) | (6,992 | ) | ||||||||||||||||
|
Gain due to currency exchange
|
463 | (463 | ) | 0 | ||||||||||||||||
|
Miscellanous expense
|
(2,496 | ) | (2,496 | ) | ||||||||||||||||
|
Loss on sale of bonds
|
(6,922 | ) | (6,922 | ) | ||||||||||||||||
|
Depreciation and amortization expense
|
0 | (308 | ) | (308 | ) | |||||||||||||||
|
Total Other Income (Expense)
|
463 | (16,718 | ) | (463 | ) | (16,718 | ) | |||||||||||||
|
Net Income (Loss)
|
$ | (49,582 | ) | $ | (1,277,494 | ) | (1 | ) | 49,582 | $ | (1,277,494 | ) | ||||||||
(1) Net income for Superlight, Inc. for the period ended December 31, 2011 has been eliminated as a result of the Agreement of Merger and Plan of Reorganization
|
BE ACTIVE HOLDINGS, INC.
|
||||||||||||||||||||
|
PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
|
||||||||||||||||||||
|
UNAUDITED
|
||||||||||||||||||||
|
BE ACTIVE HOLDINGS, INC
|
BE ACTIVE BRANDS, INC.
|
|||||||||||||||||||
|
f/k/a Super Light, Inc.
|
Proforma
|
|||||||||||||||||||
|
Nine Months Ended
|
Nine Months Ended
|
Proforma
|
Nine Months Ended
|
|||||||||||||||||
|
September 30, 2012
|
September 30, 2012
|
Notes
|
Adjustments
|
September 30, 2012
|
||||||||||||||||
|
Sales
|
$ | 85,300 | $ | 1,582,063 | (85,300 | ) | $ | 1,582,063 | ||||||||||||
|
Trade spend and sales discounts
|
0 | 631,928 | 631,928 | |||||||||||||||||
|
Cost of goods sold
|
54,000 | 986,929 | (54,000 | ) | 986,929 | |||||||||||||||
|
Gross Profit (Loss)
|
31,300 | (36,794 | ) | (31,300 | ) | (36,794 | ) | |||||||||||||
|
Operating expenses:
|
||||||||||||||||||||
|
Selling expenses
|
0 | 233,500 | 233,500 | |||||||||||||||||
|
General and administrative
|
24,406 | 379,448 | (24,406 | ) | 379,448 | |||||||||||||||
|
|
||||||||||||||||||||
|
Total Operating Expenses
|
24,406 | 612,948 | (24,406 | ) | 612,948 | |||||||||||||||
|
|
||||||||||||||||||||
|
Net operating income (loss)
|
6,894 | (649,742 | ) | (6,894 | ) | (649,742 | ) | |||||||||||||
|
|
||||||||||||||||||||
|
Other Income (Expenses)
|
||||||||||||||||||||
|
Interest expense, net
|
0 | (8,730 | ) | (8,730 | ) | |||||||||||||||
|
Gain due to currency exchange
|
238 | (238 | ) | 0 | ||||||||||||||||
|
Depreciation and amortization expense
|
0 | (231 | ) | (231 | ) | |||||||||||||||
|
Total Other Income (Expense)
|
238 | (8,961 | ) | (238 | ) | (8,961 | ) | |||||||||||||
|
Net Income (Loss)
|
$ | 7,132 | $ | (658,703 | ) | (1 | ) | (7,132 | ) | $ | (658,703 | ) | ||||||||
|
BE ACTIVE HOLDINGS, INC.
|
||||||||||||||||||||
|
PRO FORMA CONSOLIDATED BALANCE SHEET
|
||||||||||||||||||||
|
UNAUDITED
|
||||||||||||||||||||
|
BE ACTIVE HOLDINGS, INC
|
BE ACTIVE BRANDS, INC.
|
|||||||||||||||||||
|
f/k/a Super Light, Inc.
|
||||||||||||||||||||
|
Pro Forma
|
||||||||||||||||||||
|
Assets
|
September 30, 2012
|
September 30, 2012
|
Notes
|
Adjustments
|
Pro Forma
|
|||||||||||||||
|
Current assets
|
||||||||||||||||||||
|
Cash and cash equivalents
|
$ | 0 | $ | 131 | $ | 131 | ||||||||||||||
|
Accounts receivable
|
0 | 91,621 | 91,621 | |||||||||||||||||
|
Inventory
|
0 | 260,958 | 260,958 | |||||||||||||||||
|
Prepaid expenses
|
0 | 300 | 300 | |||||||||||||||||
|
Total current assets
|
0 | 353,010 | 353,010 | |||||||||||||||||
|
Property and equipment, net
|
0 | 767 | 767 | |||||||||||||||||
|
Total assets
|
$ | 0 | $ | 353,777 | $ | 353,777 | ||||||||||||||
|
|
||||||||||||||||||||
|
Liabilities and shareholders' deficiency
|
||||||||||||||||||||
|
|
||||||||||||||||||||
|
Current liabilities
|
||||||||||||||||||||
|
Notes payable, related parties
|
$ | 0 | $ | 198,001 | $ | 198,001 | ||||||||||||||
|
Convertible notes payable
|
0 | 135,000 | (2 | ) | (135,000 | ) | 0 | |||||||||||||
|
Loans payable
|
0 | 85,000 | 85,000 | |||||||||||||||||
|
Accounts payable
|
0 | 308,073 | 308,073 | |||||||||||||||||
|
Accrued expenses and taxes
|
2,600 | 7,548 | 10,148 | |||||||||||||||||
|
Due to officers
|
80 | 347,597 | 347,677 | |||||||||||||||||
|
|
||||||||||||||||||||
|
Total current liabilities
|
2,680 | 1,081,219 | 948,899 | |||||||||||||||||
|
|
||||||||||||||||||||
|
Shareholders' deficiency
|
||||||||||||||||||||
|
Preferred stock
|
||||||||||||||||||||
|
Common stock
|
12,632 | 2,950 | (3 | ) | (9,030 | ) | 6,623 | |||||||||||||
| (4 | ) | 71 | ||||||||||||||||||
|
Additional paid in capital
|
41,115 | 1,496,050 | (5 | ) | 93,814 | 1,630,979 | ||||||||||||||
|
|
||||||||||||||||||||
|
Accumulated deficit
|
(56,427 | ) | (2,226,442 | ) | (6 | ) | 50,145 | (2,232,724 | ) | |||||||||||
|
Total shareholders deficiency
|
(2,680 | ) | (727,442 | ) | (595,122 | ) | ||||||||||||||
|
Total liabilities and shareholders deficiency
|
$ | 0 | $ | 353,777 | $ | 353,777 | ||||||||||||||
|
(1) Net income for Superlight, Inc. for the period ended September 30, 2012 has been eliminated as a result of the Agreement of Merger and Plan of Reorganization
|
|
(2) An aggregrate of $135,000 of bridge notes of Be Active converted into the Private Placement at a per Unit price of $0.19.
|
|
(3) Cancellation of 90,304,397 shares of the Company's common stock reducing the amount of common stock to 20,851,336 pursuant to Agreement of Merger and Plan of Reorganization
|
|
(4) An aggregrate of $135,000 of bridge notes of Be Active converted into the Private Placement at a per Unit price of $0.19.
|
|
(5) Reduction of additional paid in capital resulting from the Agreement of Merger and Plan of Reorganization. Increase in additional paid in capital resulting from the conversion of the bridge notes
|
|
(6) Reduction in accumulated deficit of Be Active Holdings, Inc. related to reverse merger and recapitalization pursuant to Agreement of Merger and Plan of Reorganization
|