Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A - Vapor Group, Inc. | spli_8ka.htm |
| EX-9.01 - CONSOLIDATED FINANCIAL STATEMENTS - Vapor Group, Inc. | spli_ex901.htm |
EXHIBIT 9.02
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AvWorks Aviation Corp
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Pro Foma Consolidated Balance Sheet
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As of December 31, 2013
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AvWorks
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Vapor
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Aviation
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Group, Inc.
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Corp
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Eliminations
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Total
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ASSETS
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CURRENT ASSETS
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Cash
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$ | 48,177 | $ | - | - | $ | 48,177 | |||||||||
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Accounts receivable
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104,856 | - | - | 104,856 | ||||||||||||
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Loan to shareholder
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282,872 | - | - | 282,872 | ||||||||||||
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Inventory
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149,732 | - | - | 149,732 | ||||||||||||
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Other current assets
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358,483 | - | - | 358,483 | ||||||||||||
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Total current assets
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944,120 | - | - | 944,120 | ||||||||||||
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PROPERTY AND EQUIPMENT, NET
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16,054 | 1,000 | - | 17,054 | ||||||||||||
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OTHER ASSETS
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Intangible assets, net
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975 | - | - | 975 | ||||||||||||
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Deferred expenses
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87,896 | - | - | 87,896 | ||||||||||||
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Total other assets
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88,871 | - | - | 88,871 | ||||||||||||
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TOTAL ASSETS
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$ | 1,049,045 | $ | 1,000 | - | $ | 1,050,045 | |||||||||
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LIABILITIES AND STOCKHOLDERS' DEFICIT
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CURRENT LIABILITIES
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Accrued expenses
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$ | - | $ | 139,626 | - | $ | 139,626 | |||||||||
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Accrued interest
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88,375 | - | - | 88,375 | ||||||||||||
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Convertible notes payable
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319,527 | 150,593 | - | 470,120 | ||||||||||||
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Loans payable
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437,910 | - | - | 437,910 | ||||||||||||
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Sales tax payable
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9,197 | - | - | 9,197 | ||||||||||||
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TOTAL CURRENT LIABILITIES
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855,009 | 290,219 | - | 1,145,228 | ||||||||||||
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TOTAL LIABILITIES
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855,009 | 290,219 | - | 1,145,228 | ||||||||||||
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STOCKHOLDERS' DEFICIT
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Preferred stock, $0.001 par value, 10,000,000 shares authorized,
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1,000,000 shares issued and outstanding
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- | 1,000 | - | 1,000 | ||||||||||||
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Common stock, $0.001 par value, 500,000,000 shares authorized,
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270,020,145 issued and outstanding at December 31, 2013.
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50,451 | 270,020 | (50,451 | ) | 270,020 | |||||||||||
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Additional paid in capital
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- | 1,005,966 | 50,451 | 1,056,417 | ||||||||||||
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Retained earnings(accumulated deficit)
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143,585 | (1,566,205 | ) | - | (1,422,620 | ) | ||||||||||
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TOTAL STOCKHOLDERS' DEFICIT
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194,036 | (289,219 | ) | - | (95,183 | ) | ||||||||||
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TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
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$ | 1,049,045 | $ | 1,000 | $ | - | $ | 1,050,045 | ||||||||