Attached files
| file | filename |
|---|---|
| EX-99.2 - FINANCIAL STATEMENTS MEDIA RHYTHM GROUP - A1 Group, Inc. | freebutton_8ka-ex9902.htm |
| 8-K/A - AMENDMENT TO CURRENT REPORT - A1 Group, Inc. | freebutton_8ka.htm |
Exhibit 99.3
FREEBUTTON, INC.
(Formerly Secured Window Blinds, Inc.)
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEETS
AS OF JUNE 30, 2013
| FreeButton, Inc. | Media Rhythm Group Inc. | Adjustments | Pro-Forma Combined | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash | $ | 2,615 | $ | 9,193 | $ | – | $ | 11,808 | ||||||||
| Accounts receivable | – | 14,002 | – | 14,002 | ||||||||||||
| Prepaid | 1,344 | – | – | 1,344 | ||||||||||||
| Total Current Assets | 3,959 | 23,195 | – | 27,154 | ||||||||||||
| Office equipment, net | 3,507 | 1,933 | – | 5,440 | ||||||||||||
| Web development costs | 18,845 | – | – | 18,845 | ||||||||||||
| Total Assets | $ | 26,311 | $ | 25,128 | $ | – | $ | 51,439 | ||||||||
| Liabilities and Stockholders’ Equity (Deficit) | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts payable and accrued liabilities | $ | 23,953 | $ | 800 | $ | (800 | ) | $ | 23,953 | |||||||
| Due to related party | 4,072 | – | – | 4,072 | ||||||||||||
| Promissory note | 252,000 | – | – | 252,000 | ||||||||||||
| Corporate credit card | – | 9,958 | (9,958 | ) | – | |||||||||||
| Total Current Liabilities | 280,025 | 10,758 | (10,758 | ) | 280,025 | |||||||||||
| Stockholders’ Equity (Deficit) | ||||||||||||||||
| Common stock | 33,407 | 10,000 | (10,000 | ) | 33,407 | |||||||||||
| Additional paid-in-capital | 76,265 | – | – | 76,265 | ||||||||||||
| Deficit accumulated during the Development stage | (363,386 | ) | 4,370 | 20,758 | (338,258 | ) | ||||||||||
| Total Stockholders’ Equity(Deficit) | (253,714 | ) | 14,370 | 10,758 | (228,586 | ) | ||||||||||
| Total Liabilities and Stockholders’ Equity (Deficit) | $ | 26,311 | $ | 25,128 | $ | – | $ | 51,439 |
| 1 |
FREEBUTTON, INC.
(Formerly Secured Window Blinds, Inc.)
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEETS
AS OF DECEMBER 31, 2012
| FreeButton, Inc. | Media Rhythm Group Inc. | Adjustments | Pro-Forma Combined | |||||||||||||
| (Audited) | (Audited) | (Unaudited) | (Unaudited) | |||||||||||||
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash | $ | 21,674 | $ | 2,477 | $ | – | $ | 24,151 | ||||||||
| Accounts receivable | – | 22,156 | – | 22,156 | ||||||||||||
| Total Current Assets | 21,674 | 24,633 | – | 46,307 | ||||||||||||
| Office equipment - net | 3,914 | 2,214 | – | 6,128 | ||||||||||||
| Web development costs | 18,845 | – | – | 18,845 | ||||||||||||
| Total Assets | $ | 44,433 | $ | 26,847 | $ | – | $ | 71,280 | ||||||||
| Liabilities and Stockholders’ Equity (Deficit) | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts payable and accrued liabilities | $ | 16,343 | $ | 1,528 | $ | (1,528 | ) | $ | 16,343 | |||||||
| Due to related party | 4,072 | – | – | 4,072 | ||||||||||||
| Promissory note | 145,000 | – | – | 145,000 | ||||||||||||
| Corporate credit card | – | 8,235 | (8,235 | ) | ||||||||||||
| Total Current Liabilities | 165,415 | 9,763 | (9,763 | ) | 165,415 | |||||||||||
| Stockholders’ Equity (Deficit) | ||||||||||||||||
| Common stock | 33,300 | 10,000 | (10,000 | ) | 33,300 | |||||||||||
| Additional paid-in-capital | 46,942 | – | – | 46,942 | ||||||||||||
| Deficit accumulated during the Development stage | (201,224 | ) | 7,084 | 19,763 | (174,377 | ) | ||||||||||
| Total Stockholders’ Equity(Deficit) | (120,982 | ) | 17,084 | 9,763 | (94,135 | ) | ||||||||||
| Total Liabilities and Stockholders’ Equity (Deficit) | $ | 44,433 | $ | 26,847 | $ | – | $ | 71,280 | ||||||||
| 2 |
FREEBUTTON, INC.
(Formerly Secured Window Blinds, Inc.)
UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS
SIX MONTH INTERIM PERIOD ENDED JUNE 30, 2013
| FreeButton, Inc. | Media Rhythm Group Inc. | Adjustments | Pro-Forma Combined | |||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||
| Revenues | ||||||||||||||||
| Net revenues | $ | – | $ | 68,278 | $ | – | $ | 68,278 | ||||||||
| Gross Profit | $ | – | $ | 68,278 | $ | – | $ | 68,278 | ||||||||
| Costs and Expenses | ||||||||||||||||
| Office and general expense | 56,276 | 12,976 | – | 69,252 | ||||||||||||
| Management fee | 55,500 | – | – | 55,500 | ||||||||||||
| Marketing expenses | 16,357 | – | – | 16,357 | ||||||||||||
| Commission expense | – | 2,555 | – | 2,555 | ||||||||||||
| Professional fees | 26,312 | – | – | 26,312 | ||||||||||||
| Total Cost and Expenses | (154,445 | ) | (15,531 | ) | – | (169,976 | ) | |||||||||
| Operating Income (Loss) | (154,445 | ) | 52,747 | (101,698 | ) | |||||||||||
| Other Income (Expense) | ||||||||||||||||
| Interest expense | (7,717 | ) | (483 | ) | – | (8,200 | ) | |||||||||
| Total Other Income (Expense) | (7,717 | ) | (483 | ) | – | (8,200 | ) | |||||||||
| Provision for Income Taxes | – | (800 | ) | (800 | ) | |||||||||||
| Retained earnings, beginning of period | – | 7,084 | 7,084 | |||||||||||||
| Distributions | – | (54,178 | ) | (54,178 | ) | |||||||||||
| Net Loss For The Period | $ | (162,162 | ) | $ | 4,370 | – | $ | (157,792 | ) |
| 3 |
FREEBUTTON, INC.
(Formerly Secured Window Blinds, Inc.)
UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2012
| FreeButton, Inc. | Media Rhythm Group Inc. | Adjustments | Pro-Forma Combined | |||||||||||||
| (Audited) | (Audited) | (Unaudited) | (Unaudited) | |||||||||||||
| Revenues | ||||||||||||||||
| Net revenues | $ | – | $ | 120,137 | $ | – | $ | 120,137 | ||||||||
| Gross Profit | $ | – | $ | 120,137 | $ | – | $ | 120,137 | ||||||||
| Costs and Expenses | ||||||||||||||||
| Office and general expense | 29,218 | 46,410 | – | 75,628 | ||||||||||||
| Management fee | 45,000 | – | – | 45,000 | ||||||||||||
| Marketing expenses | 10,884 | – | – | 10,884 | ||||||||||||
| Commission expenses | – | 4,728 | – | 4,728 | ||||||||||||
| Professional fees | 37,871 | – | – | 37,871 | ||||||||||||
| Total Cost and Expenses | (122,973 | ) | (51,138 | ) | – | (174,111 | ) | |||||||||
| Operating Income (Loss) | (122,973 | ) | 68,999 | – | (53,974 | ) | ||||||||||
| Other Income (Expense) | ||||||||||||||||
| Interest expense | (3,768 | ) | (522 | ) | – | (4,290 | ) | |||||||||
| Gain (loss) on debt settlement | 10,000 | – | – | 10,000 | ||||||||||||
| Total Other Income (Expense) | 6,232 | (522 | ) | – | 5,710 | |||||||||||
| Provision for income taxes | – | (800 | ) | – | (800 | ) | ||||||||||
| Net Income (Loss) for the year | $ | (116,741 | ) | $ | 67,677 | $ | – | $ | (49,064 | ) |
| 4 |