Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - Flitways Technology Inc. | exhibit99-2.htm |
| EX-99.1 - EXHIBIT 99.1 - Flitways Technology Inc. | exhibit99-1.htm |
| 8-K - FORM 8-K - Flitways Technology Inc. | form8k.htm |
FLITWAYS TECHNOLOGY INC.
Pro Forma Combined Balance
Sheet as of June 30, 2016
| Pro-Forma | Elimination | |||||||||||||||||
| Registrant | Flitways | Adjustments | Entries | JE# | Combined | |||||||||||||
| ASSETS | ||||||||||||||||||
| Current Assets: | ||||||||||||||||||
| Cash | $ | 6,830 | $ | 4,687 | $ | (6,830 | ) | $ | - | 1 | $ | 4,687 | ||||||
| Accounts receivable, net | - | 4,577 | - | - | 4,577 | |||||||||||||
| Total current assets | 6,830 | 9,264 | (6,830 | ) | - | 9,264 | ||||||||||||
| Property and equipment, net | - | - | - | - | - | |||||||||||||
| Investment in Flitways | - | - | 25,000 | (25,000 | ) | 2, 3 | - | |||||||||||
| Other assets | 5,000 | - | (5,000 | ) | - | 1 | - | |||||||||||
| Total Assets | $ | 11,830 | $ | 9,264 | $ | 13,170 | $ | (25,000 | ) | $ | 9,264 | |||||||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||||||||||||
| Current Liabilities: | ||||||||||||||||||
| Accounts payable | $ | 2,231 | $ | 5,519 | $ | (2,231 | ) | $ | - | 1 | $ | 5,519 | ||||||
| Accrued expenses | - | 205,955 | - | - | 205,955 | |||||||||||||
| Total current liabilities | 2,231 | 211,474 | (2,231 | ) | - | 211,474 | ||||||||||||
| Debt due to related party | 125,000 | 97,323 | (125,000 | ) | - | 1 | 97,323 | |||||||||||
| Accrued interest | - | 8,751 | - | - | 8,751 | |||||||||||||
| Total liabilities | 127,231 | 317,548 | (127,231 | ) | - | 317,548 | ||||||||||||
| Stockholders' deficit | ||||||||||||||||||
| Common stock, 30,000,000 and 10,000,000 shares outstanding pre-merger, respectively, and 50,000,000 shares post-merger | 30,000 | 100 | 20,000 | (100 | ) | 2, 3 | 50,000 | |||||||||||
| Additional paid in capital | - | 24,900 | (25,000 | ) | (24,900 | ) | 1, 2, 3 | (25,000 | ) | |||||||||
| Accumulated deficit | (145,401 | ) | (333,284 | ) | 145,401 | - | 1 | (333,284 | ) | |||||||||
| Total stockholders' deficit | (115,401 | ) | (308,284 | ) | 140,401 | (25,000 | ) | (308,284 | ) | |||||||||
| Total liabilities and stockholders' deficit | $ | 11,830 | $ | 9,264 | $ | 13,170 | $ | (25,000 | ) | $ | 9,264 |
Notes to Pro-Forma Combined Balance Sheet (Unaudited) June
30, 2016
1. To
write-off all assets and liabilities of Cataca per merger agreement and close
out accumulated
deficit
2. To
record investment in Flitway by
Cataca
3. To
eliminate intercompany investment accounts for combination
FLITWAYS TECHNOLOGY INC.
Pro Forma Combined Statement
of Operations for the Year Ended December 31, 2015
| Pro-Forma | |||||||||||||||
| Registrant | Flitways | Adjustments | JE# | Combined | |||||||||||
| Net sales | $ | - | $ | 336,601 | $ | - | $ | 336,601 | |||||||
| Cost of sales | - | (270,935 | ) | - | (270,935 | ) | |||||||||
| Gross profit | - | 65,666 | - | 65,666 | |||||||||||
| Operating expenses | |||||||||||||||
| General and administrative | 62,542 | 180,610 | - | 243,152 | |||||||||||
| Total operating expenses | 62,542 | 180,610 | - | 243,152 | |||||||||||
| Operating loss | (62,542 | ) | (114,944 | ) | - | (177,486 | ) | ||||||||
| Other Non-Operating Income and Expenses | |||||||||||||||
| Interest expense | - | (3,742 | ) | - | (3,742 | ) | |||||||||
| Net loss before income taxes | (62,542 | ) | (118,686 | ) | - | (181,228 | ) | ||||||||
| Provision for income taxes | - | 1,050 | - | ||||||||||||
| Net loss | $ | (62,542 | ) | $ | (119,736 | ) | $ | - | $ | (181,228 | ) | ||||
| Basic and Diluted Loss per Share - Common Stock | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.00 | ) | ||||||
| Weighted Average Number of Shares Outstanding: | |||||||||||||||
| Basic and Diluted Common Stock | 30,000,000 | 10,000,000 | 50,000,000 |
FLITWAYS TECHNOLOGY INC.
Pro Forma Combined Statement
of Operations for the Six Months Ended June 30, 2015
| Pro-Forma | |||||||||||||||
| Registrant | Flitways | Adjustments | JE# | Combined | |||||||||||
| Net sales | $ | - | $ | 173,049 | $ | - | $ | 173,049 | |||||||
| Cost of sales | - | (114,221 | ) | - | (114,221 | ) | |||||||||
| Gross profit | - | 58,828 | - | 58,828 | |||||||||||
| Operating expenses | |||||||||||||||
| General and administrative | 18,912 | 136,480 | - | 155,392 | |||||||||||
| Total operating expenses | 18,912 | 136,480 | - | 155,392 | |||||||||||
| Operating loss | (18,912 | ) | (77,652 | ) | - | (96,564 | ) | ||||||||
| Other Non-Operating Income and Expenses | |||||||||||||||
| Interest expense | - | (2,189 | ) | - | (2,189 | ) | |||||||||
| Net loss before income taxes | (18,912 | ) | (79,841 | ) | - | (98,753 | ) | ||||||||
| Net loss | $ | (18,912 | ) | $ | (79,841 | ) | $ | - | $ | (98,753 | ) | ||||
| Basic and Diluted Loss per Share - Common Stock | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.00 | ) | ||||||
| Weighted Average Number of Shares Outstanding: | |||||||||||||||
| Basic and Diluted Common Stock | 30,000,000 | 10,000,000 | 50,000,000 |