Exhibit 99.2

ATRINSIC, INC.

Unaudited Pro Forma Condensed Consolidated Financial Statements

On February 12, 2016 (“Closing Date”), Protagenic Acquisition Corp. (“Acquisition Corp.”), a wholly-owned subsidiary of Atrinsic, Inc., merged (the “Merger”) with and into Protagenic Therapeutics, Inc. a Delaware corporation (“Protagenic”). Protagenic was the surviving corporation of that Merger. As a result of the Merger, Atrinsic acquired the business of Protagenic and will continue the existing business operations of Protagenic as a wholly-owned subsidiary.

On the Closing Date all of the issued and outstanding shares of Protagenic common stock converted, on a 1 for 1 basis, into shares of the Company’s Series B Preferred Stock, par value $0.000001 per share (“Series B Preferred Stock”) (assuming no exercise of dissenters’ rights by any former Protagenic stockholder). Also on the Closing Date, all of the issued and outstanding options to purchase shares of Protagenic common stock, and all of the issued and outstanding warrants to purchase shares of Protagenic common stock, converted, on a 1 for 1 basis, into options (the “New Options”) and new warrants (the “New Warrants”) respectively, to purchase shares of our Series B Preferred Stock. The New Options will be administered under Protagenic’s 2006 Employee, Director and Consultant Stock Plan (the “2006 Plan”), which the Company assumed and adopted on the Closing Date in connection with the Merger.

On the Closing Date, (i) the former Protagenic common stock was exchanged for 6,612,838 shares of Series B Preferred Stock (assuming no exercise of dissenters’ rights by any former Protagenic stockholder); (ii) New Options to purchase 1,707,744 shares of Series B Preferred granted under the 2006 Plan, having an average exercise price of approximately $0.66 per share, were issued to optionees pursuant to the assumption of the 2006 Plan; (iii) the holders of options to purchase Predecessor common stock were issued options (“Predecessor Options”) to purchase 17,784 shares of Series B Preferred Stock at $1.25 per share; (iv) New Warrants to purchase 3,403,367 shares of Series B Preferred Stock at an average exercise price of approximately $1.01 per share were issued to holders of Protagenic warrants; and (iv) 2,775,000 shares of Series B Preferred Stock were issued to investors at a purchase price of $1.25 per share in the Private Offering, as defined below. In addition, warrants (“Predecessor Warrants”) to purchase 295,945 shares of Series B Preferred Stock at $1.25 per share were issued to Strategic Bio Partners, LLC, the designee (the “Designee”) of the holders of the Predecessor’s debt in consideration of the cancellation of such debt, and Placement Agent Warrants, as such term is defined below, to purchase 295,945 shares of Series B Preferred Stock were issued to the Placement Agent of the Private Offering. The common stockholders of Predecessor before the Merger retained 400,000,000 shares of our common stock, par value $0.000001 per share (the “Common Stock”) (which would become 25,867 shares of Common Stock upon the effectiveness of the Reverse Split, as defined below). In addition, upon the effectiveness of the Merger, the holders of the Predecessor’s Series A Preferred Stock exchanged all of the issued and outstanding Series A Preferred Stock for an aggregate of 297,468 shares of Series B Preferred Stock (which would become 297,468 shares of Common Stock upon the effectiveness of the Reverse Split). These shares were issued to the Designee.

Simultaneous with the Merger, holders of $665,000 of our debt exchanged such debt and $35,000 of interest for five-year warrants to purchase 295,945 shares of Series B Preferred Stock at $1.25 per share.

The Merger will be treated as a recapitalization of the Company for financial accounting purposes. The historical financial statements of Predecessor before the Merger will be replaced with the historical financial statements of Protagenic before the Merger in all future filings with the Securities and Exchange Commission (the “SEC”).

The unaudited pro forma condensed consolidated balance sheet was prepared using the historical balance sheets of Atrinsic as of December 31, 2015 and Protagenic as of December 31, 2015. The unaudited pro forma condensed consolidated statements of operations were prepared using the historical statements of operations of Atrinsic for the year ended December 31, 2015 and the historical statements of operations of Protagenic for the year ended December 31, 2015.

The unaudited pro forma condensed consolidated balance sheet gives effect to the acquisition as if it had been completed on December 31, 2015, and consolidates the unaudited condensed balance sheets of Atrinsic and the assets acquired from Protagenic. The unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2015 give effect to the acquisition as if it had occurred on January 1, 2015.

The unaudited pro forma condensed consolidated financial statements presented are based on the assumptions and adjustments described in the accompanying notes. The unaudited pro forma condensed consolidated financial statements are presented for illustrative purposes and do not purport to represent what the financial position or results of operations actually would have been if the events described above occurred as of the dates indicated or what such financial position or results would be for any future periods. The pro forma information does not reflect cost savings expected to be realized from the elimination of certain expenses and from synergies expected to be created or the costs to achieve such cost savings or synergies. No assurance can be given that cost savings or synergies will be realized. The unaudited pro forma condensed consolidated financial statements, and the accompanying notes, are based upon the respective historical consolidated financial statements of Atrinsic and Protagenic, and should be read in conjunction with Atrinsic’s historical financial statements and related notes contained in Atrinsic’s Annual Report for the year ended June 30, 2015, and Protagenic’s financial statements presented as Exhibit 99.1 to this Current Report Form 8-K/A.

ATRINSIC, INC.

Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet

Note 1.     Basis of Presentation

The accompanying unaudited pro forma condensed consolidated financial statements present the pro forma results of operations and financial position of Atrinsic and Protagenic on a combined basis based on the historical financial information of each company and after giving effect to the merger between Atrinsic and Protagenic. 

The unaudited pro forma condensed combined consolidated balance sheet as of December 31, 2015 combines the historical results for Atrinsic as of December 31, 2015 and the historical results for Protagenic as of December 31, 2015, as if the merger had occurred on December 31, 2015. The unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2015 combines the historical results for Atrinsic for the twelve months ended December 31, 2015 and the historical results for Protagenic for the twelve months ended December 31, 2015, as if the acquisition had occurred on January 1, 2015.

Note 2.     Pro Forma Adjustments  

The allocation of the consideration transferred is as follows: