Adaptive Medias, Inc. - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3

file	filename
8-K/A - 8-K/A - Adaptive Medias, Inc.	v334387_8ka.htm
EX-99.1 - EXHIBIT 99.1 - Adaptive Medias, Inc.	v334387_ex99-1.htm
EX-99.2 - EXHIBIT 99.2 - Adaptive Medias, Inc.	v334387_ex99-2.htm

Exhibit 99.3

Unaudited Consolidated Pro Forma Balance Sheet as of September 30, 2012

	Lone Wolf, Inc.			Mimvi , Inc.					Consolidated
	September 30, 2012			September 30, 2012			Eliminations		September 30, 2012
	Unaudited			Unaudited					Unaudited
ASSETS
Current Assets
Cash	$	-		$	300,136				$	300,136
Accounts Receivable		5,000			-					5,000
Prepaid expenses		-			260,750					260,750
Total current assets		5,000			560,886					565,886
Other Assets
Investments		8,360			-					8,360
Total Other Assets		8,360			-					8,360
TOTAL ASSETS	$	13,360		$	560,886				$	574,246
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable and accrued expenses	$	38,726		$	1,086,604				$	1,125,330
Due to Mimvi, Inc.		79,000			-			1. 79,000		-
Book Overdraft		332								332
Due to related party		1,216			-					1,216
Convertible Notes Payable		33,500			100,000					133,500
Total current liabilities		152,774			1,186,604					1,260,378
Equity
Preferred stock		100,000						2. 100,000		-
Common stock		900,000						2. 900,000		-
Additional paid-in-capital		-			8,880,835			2. (1,000,000)		9,880,835
Common stock		-			56,935			-		56,935
Loan receivable		-			(79,000	)		1. (79,000)		-
Deficit accumulated during development stage		(1,142,549	)		(9,484,488	)				(10,627,037	)
Other comprehensive income		3,135			-					3,135
Liabilities and stockholders' deficit		(139,414	)		(625,718	)				(686,132	)
TOTAL LIABILITIES & EQUITY	$	13,360		$	560,886		$	-	$	574,246

Notes:

Eliminate the loan balance as of September 30, 2012

Adjust the consolidated equity as of September 30, 2012

Exhibit 99.3, (continued)

Unaudited Consolidated Pro Forma Balance Sheet as of December 31, 2011

	Lone Wolf, Inc.			Mimvi , Inc.						Consolidated
	December 31, 2011			December 31, 2011			Eliminations			December 31, 2011
	Unaudited			Unaudited						Unaudited
ASSETS
Current Assets
Cash	$	-		$	-					$	-
Accounts Receivable		2,280			-						2,280
Prepaid expenses		-			329,467						329,467
Total current assets		2,280			329,467						331,747

Equipment, net		1,800			-						1,800

Other Assets
Investments		5,225			-						5,225
Due from shareholder		4,973			-						4,973
Total Other Assets		10,198			-						10,198
TOTAL ASSETS	$	12,478		$	329,467					$	341,945
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable and accrued expenses	$	11,029		$	910,248					$	921,277
Book Overdraft		512			382						894
Notes payable, net of unamortized discount of $2,500		-			75,000						75,000
Notes Payable, related party		-			25,000						25,000
Total current liabilities		11,541			1,010,630						1,022,171
Equity
Preferred stock		100,000			-			1. (100,000)			-
Common stock		-			42,555						42,555
Additional Paid-in-capital		-			6,697,834			1. 100,000			6,797,834
Common stock escrowed as collateral for note payable		(62,500	)					(62,500	)
Deficit accumulated during development stage		(99,063	)		(7,359,052	)					(7,458,115	)
Liabilities and stockholders' deficit		937			(681,163	)					(680,226	)
TOTAL LIABILITIES & EQUITY	$	12,478		$	329,467		$	-		$	341,945

Notes:

Adjust the consolidated equity as of December 31, 2011

Exhibit 99.3, (continued)

Unaudited Consolidated Pro Forma Statements of Operations for the nine months ended September 30, 2012

	For the Nine Months Ended September 30, 2012
	Lone Wolf, Inc.			Mimvi , Inc.					Consolidated
	Unaudited			Unaudited			Eliminations		Unaudited

Revenue	$	35,685		$	-		$	-	$	35,685.00

Operating expenses
Executive compensation		-			177,440			-		177,440
Legal & professional fees		131,665			549,967			-		681,632
Stock compensation expense		-			948,581			-		948,581
General and administrative expenses		55,173			162,850			-		218,023
Total operating expenses		186,838			1,838,838			-		2,025,676

Loss from operations		(151,153	)		(1,838,838	)				(1,989,991	)

Other expenses
Loss on extinguishment of debt		-			224,969			-		224,969
Interest expense		-			61,629			-		61,629
Total other expenses		-			286,598			-		286,598

Net loss	$	(151,153	)	$	(2,125,436	)	$	-	$	(2,276,589	)

Exhibit 99.3, (continued)

Unaudited Consolidated Pro Forma Statements of Operations for the year ended December 31, 2011

	For the Year Ended December 31, 2011
	Lone Wolf, Inc.			Mimvi , Inc.					Consolidated
	Unaudited			Unaudited			Eliminations		Unaudited

Revenue	$	35,685		$	70,575		$	-	$	106,260

Operating expenses
Executive compensation		-			35,000			-		35,000
Legal & professional fees		219,285			631,129			-		850,414
Stock compensation expense		-			3,125,904			-		3,125,904
Loss on disposal of equipment		-			8,341			-		8,341
General and administrative expenses		66,012			366,150			-		432,162
Total operating expenses		285,297			4,166,524			-		4,451,821

Loss from operations		(249,612	)		(4,095,949	)		-		(4,345,561	)

Other expenses
Interest expense		-			30,509			-		30,509
Total other expenses		-			30,509			-		30,509
										-
Net loss	$	(249,612	)	$	(4,126,458	)	$	-	$	(4,376,070	)

Adaptive Medias, Inc. - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3 - February 8, 2013