HARRISON VICKERS & WATERMAN INC - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3

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8-K/A - 8-K/A - HARRISON VICKERS & WATERMAN INC	s103522_8ka.htm

EXHIBIT 99.3

AUDITED AND PRO-FORM FINANCIAL STATEMENTS (BOTH THE SAME) OF THE ACQUIRED ATTITUDE BEER HOLDING CO. AT APRIL 21, 2015

(does not present any prior year comparison results as ABH was formed in December, 2014)

(does not have any interim financial statements as next reporting period after the sale date was the year-end fiscal period of June 30.2015)

BALANCE SHEET FOR ATTITUDE

BEER HOLDING CO UNDER ADI OWNERSHIP

AT 4/21/15

	WEST			ATTITUDE			CONSOLIDATED
	HARTFORD			BEER			ATTITUDE BEER			CONSOLIDATION			CONSOLIDATED
	WOB-ADI			HOLDING CO			HOLDING CO			ENTRIES			TOTALS
ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$	183,562		$	20,005		$	203,567		$	-		$	203,567
Inventories		78,983			-			78,983			-			78,983
TOTAL CURRENT ASSETS		262,545			20,005			282,550			-			282,550

FIXED ASSETS, NET		986,421			-			986,421			-			986,421

OTHER ASSETS:
Capitalized assets, net		202,314			-			202,314			-			202,314
Investment in World of Beer West Hartford		-			1,154,500			1,154,500			(1,154,500	)		-
Deposits and other		6,455			-			6,455			-			6,455
TOTAL OTHER ASSETS		208,769			1,154,500			1,363,269			(1,154,500	)		208,769

TOTAL ASSETS	$	1,457,735		$	1,174,505		$	2,632,240		$	(1,154,500	)	$	1,477,740

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES:
Accounts payable	$	82,238		$	-		$	82,238		$	-		$	82,238
Accrued liabilities		93,876			25,384			119,260			-			119,260
Accrued employee salary		40,982			-			40,982			-			40,982
Sales tax payable		12,874			-			12,874			-			12,874
Loans payable to related parties		50,182			-			50,182			-			50,182
TOTAL CURRENT LIABILITIES		280,152			25,384			305,536			-			305,536

LONG-TERM LIABILITIES:
Convertible notes payable		-			1,204,500			1,204,500			-			1,204,500
LONG-TERM LIABILITIES		-			1,204,500			1,204,500			-			1,204,500

STOCKHOLDERS' (DEFICIT):
Common Stock, par vale $0.00001, 50,000,000 shares authorized and 1,000,000 shares issued and outstanding at April 21, 2015		-			10			10			-			10
Additional paid-in capital		-			90			90			-			90
New England Wolrd of Beer capital		(44,300	)		-			(44,300	)		44,300			-
Attitude Beer Holding Co. capital		1,154,500			-			1,154,500			(1,154,500	)		-
Accumulated equity through 3/31/15		55,765			(48,438	)		7,327			(27,332	)		(20,005	)
Net income through 4/21/15		11,618			(7,041	)		4,577			(5,336	)		(759	)
TOTAL STOCKHOLDERS' (DEFICIT)		1,177,583			(55,379	)		1,122,204			(1,142,868	)		(20,664	)
NON-CONTROLLING INTEREST		-			-			-			(11,632	)		(11,632	)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$	1,457,735		$	1,174,505		$	2,632,240		$	(1,154,500	)	$	1,477,740

ATTITUDE BEER HOLDING CO.

CONSOLIDATED STATEMENT OF OPERATIONS TO

DATE RESULTS FROM INCEPTION UNTIL APRIL 21, 2015

	West Hartford			Attitude Beer			Consolidation			Consolidated
	WOB			Holding Co.			Entries			Total

REVENUES:
Net revenues - World of Beer	$	942,148		$	-		$	-		$	942,148

COSTS OF GOODS SOLD:
Food and beverage costs - World of Beer		265,544			-			-			265,544

GROSS PROFIT		676,604			-			-			676,604

OPERATING EXPENSES:
Professional fees		-			30,000			-			30,000
Compensation		431,352			-			-			431,352
Depreciation and amortization		43,120			-			-			43,120
General and administrative expense		129,874			95			-			129,969
Total Operating Expenses		604,346			30,095			-			634,441

LOSS FROM OPERATIONS		72,258			(30,095	)		-			42,163

OTHER INCOME (EXPENSE):
Interest and other financing costs		(4,875	)		(25,384	)		-			(30,259	)
Total Other Income (Expense)		(4,875	)		(25,384	)		-			(30,259	)

Income (Loss) Before Provision for Income Tax		67,383			(55,479	)		-			11,904
Non-controlling interest		-			-			(32,668	)		(32,668	)
Provision for income taxes		-			-			-			-

NET INCOME (LOSS)	$	67,383		$	(55,479	)	$	(32,668	)	$	(20,764	)

ATTITUDE BEER HOLDING CO.

CONSOLDIATED STATEMENT OF CASH FLOWS

	December
	2015 to
	April 21,
	2015

CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/income	$	(20,764	)
Adjustment to reconcile net (loss)/income to net cash used in operating activities:
Depreciation and amortization		43,120
Non -controlling interest		32,668
Changes in operating assets and liabilities:
Inventories		(78,983	)
Deposits and other assets		(6,455	)
Accounts payable and accrued liabilities		211,154
Net cash provided/ in operating activities		180,740

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property, Plant and Equipment and other capitalized costs		(1,231,855	)
Net cash (used) in investing activities		(1,231,855	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of notes payable-investors		1,204,500
Amounts received from related party		50,182
Net cash provided by financing activities		1,254,682

NET (DECREASE) IN CASH AND CASH EQUIVALENTS		203,567

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		-

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	203,567

ATTITUDE BEER HOLDING CO.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' (DEFICIT)

DATE RESULTS FROM INCEPTION UNTIL APRIL 21, 2015

	Common Stock Par value $0.00001									Total
	Number of				Additional Paid-		Accumulated			Stockholders'
	Shares		$ Amount		In Capital		Deficit			(Deficit)

Formation Date of December 1, 2014		1,000,000	$	10	$	90	$	-		$	100
Net loss from inception through April 21, 2015		-		-		-		(20,764	)		(20,764	)

Stockholders' Deficit at April 21, 2015		1,000,000	$	10	$	90	$	(20,764	)	$	(20,664	)

HARRISON VICKERS & WATERMAN INC - FORM 8-K/A - EX-99.3 - EXHIBIT 99.3 - June 22, 2016

Attached files

HARRISON VICKERS & WATERMAN INC Reports