Attached files
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EX-99.3 - METROSPACES, INC. | f2mspc8ka021918ex99_3.htm |
EX-99.1 - METROSPACES, INC. | f2mspc8k012418ex99_1.htm |
8-K/A - METROSPACES, INC. | f2mspc8ka021918.htm |
Exhibit 99.2
Pro Forma Statement of Operations (Unaudited)- MSPC and Etelix
12 Months Ending December 31, 2016
MSPC | Etelix | Consolidated | ||||||||||
Revenue, net of discounts | 267,044 | 4,067,807 | 4,334,851 | |||||||||
Cost of revenue | 162,824 | 3,484,471 | 3,647,295 | |||||||||
Gross profit (loss) | 104,221 | 583,336 | 687,557 | |||||||||
Operating Expenses | ||||||||||||
General and administrative expenses | 225,953 | 532,296 | 758,249 | |||||||||
Loss on write-down of real property advances | ||||||||||||
Total operating expenses | 225,953 | 532,296 | 758,249 | |||||||||
Operating Income (Loss) | (121,732 | ) | 51,040 | (70,692 | ) | |||||||
Other Income (expense) | ||||||||||||
Interest expense | (326,475 | ) | (12,334 | ) | (338,809 | ) | ||||||
Gain (loss) on change in fair value of derivative | 1,329,880 | 1,329,880 | ||||||||||
Gain (loss) on extinguishment of debt | 97,377 | 97,377 | ||||||||||
Other Income | 17,338 | |||||||||||
Federal Tax prior year | (4,686 | ) | ||||||||||
Total other income (expense) | 1,100,782 | 318 | 1,101,100 | |||||||||
Net Income before taxes | 979,050 | 51,358 | 1,030,408 | |||||||||
Income tax benefit | — | 4,686 | 4,686 | |||||||||
Net Income (Loss) | 979,050 | 56,044 | 1,035,094 | |||||||||
Preferred stock dividend | — | |||||||||||
Net Profit (Loss) attributable to common stockholder | 979,050 | 56,044 | 1,035,094 | |||||||||
Other comprehensive income (loss) | ||||||||||||
Foreign currency transaction adjustment | — | — | ||||||||||
Comprehensive Income | 979,050 | 56,044 | 1,035,094 |
Pro Forma Balance Sheet (Unaudited) - MSPC and Etelix
12 Months Ending December 31, 2017
MSPC | Etelix | Consolidated | ||||||||||
Current Assets | ||||||||||||
Cash and cash equivalents | 29,023 | 17,885 | 46,908 | |||||||||
Accounts receivable | 1,033 | 2,909,771 | 2,910,804 | |||||||||
Inventory | 11,223 | 11,223 | ||||||||||
Prepaid and other current assets | 82,897 | 750,044 | 832,941 | |||||||||
Total Current Assets | 124,176 | 3,677,700 | 3,801,876 | |||||||||
Advance payment for real property | 369,891 | 369,891 | ||||||||||
Investment in non-consolidated subsidiary | 159,910 | 159,910 | ||||||||||
Property and equipment, net | 4,456,832 | 352,332 | 4,809,164 | |||||||||
Goodwill | — | 0 | ||||||||||
TOTAL ASSETS | 5,110,809 | 4,030,032 | 9,140,841 | |||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||||||
Current Liabilities | 2,727,348 | 2,727,348 | ||||||||||
Bank overdraft payable | 1.00 | 1 | ||||||||||
Accounts payable | 71,440 | 415,596 | 487,036 | |||||||||
Accrued expenses | 389,075 | 389,075 | ||||||||||
Accrued interest | 400,787 | 400,787 | ||||||||||
Sales deposit | 34,046 | 34,046 | ||||||||||
Long term debt related party | 1.00 | 1 | ||||||||||
Notes payable - related parties | 16,990 | 16,990 | ||||||||||
Current portion of convertible notes | 0 | |||||||||||
payable, net of discount of $77,992 and | 0 | |||||||||||
$12,365 | 90,032 | 90,032 | ||||||||||
Note payable | 10,000 | 10,000 | ||||||||||
Derivative liability | 10,574,802 | 10,574,802 | ||||||||||
Total Current Liabilities | 11,587,174 | 3,142,944 | 14,730,118 | |||||||||
Convertible notes payable, net discount of | ||||||||||||
$100,406 and $0 | 51,276 | 51,276 | ||||||||||
TOTAL LIABILITIES | 11,638,450 | 3,142,944 | 14,781,394 | |||||||||
Stockholders' Deficit | ||||||||||||
Preferred stock, $0.000001 par value, | 0 | |||||||||||
8,000,000 shares authorized | 1.00 | 1 | ||||||||||
Series B Preferred Stock, $0.000001 par | 0 | |||||||||||
value, 2,000,000 shares authorized, | 0 | |||||||||||
1,200,000 shares issued | 1 | 1 | ||||||||||
Series C Preferred Stock, $0.000001 par | 0 | |||||||||||
value, 100,000 shares authorized, 45,354 | 0 | |||||||||||
shares issued | 0 | 0 | ||||||||||
Series D Preferred Stock, $0.000001 par | 0 | |||||||||||
value, 400,000 shares authorized, 0 shares | 0 | |||||||||||
issued | — | 0 | ||||||||||
Common Stock, $0.000001 par value, | 1,000 | 1,000 | ||||||||||
10,000,000,000 shares authorized | 0 | |||||||||||
1,784,461,982 and 846,745 shares issued and | 0 | |||||||||||
outstanding | 1,785 | 1,785 | ||||||||||
Additional paid in capital | 6,747,974 | 747,515 | 7,495,489 | |||||||||
Accumulated other comprehensive loss | 961,254 | 56,044 | 1,017,298 | |||||||||
Accumulated earnings (deficit) | (14,238,658 | ) | 82,529 | (14,156,129 | ) | |||||||
Total Stockholders' Deficit | (6,527,643 | ) | 887,088 | (5,640,555 | ) | |||||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 5,110,809.00 | 4,030,032.00 | 9,140,841 |
Pro Forma Statement of Operations (Unaudited) - MSPC and Etelix
12 Months Ending December 31, 2017
MSPC | Etelix | Consolidated | ||||||||||
Revenue, net of discounts | 331,624 | 7,802,340 | 8,133,964 | |||||||||
Cost of revenue | 202,191 | 6,990,026 | 7,192,217 | |||||||||
Gross profit (loss) | 129,433 | 812,314 | 941,747 | |||||||||
Operating Expenses | ||||||||||||
General and administrative expenses | 268,950 | 700,267 | 969,217 | |||||||||
Loss on write-down of real property advances | ||||||||||||
Total operating expenses | 268,950 | 700,267 | 969,217 | |||||||||
Operating Income (Loss) | (139,517 | ) | 112,047 | (27,470 | ) | |||||||
Other Income (expense) | ||||||||||||
Interest expense | (217,650 | ) | (281,702 | ) | (499,352 | ) | ||||||
Gain (loss) on change in fair value of derivative | — | |||||||||||
Gain (loss) on extinguishment of debt | 26,377 | 26,377 | ||||||||||
Gain (loss) on income tax prior year | (11,193 | ) | ||||||||||
Total other income (expense) | (191,273 | ) | (292,895 | ) | (484,168 | ) | ||||||
Net Income before taxes | (330,790 | ) | (180,848 | ) | (511,638 | ) | ||||||
Income tax benefit | — | |||||||||||
Net Income (Loss) | (330,790 | ) | (180,848 | ) | (511,638 | ) | ||||||
Preferred stock dividend | — | |||||||||||
Net Profit (Loss) attributable to common stockholder | (330,790 | ) | (180,848 | ) | (511,638 | ) | ||||||
Other comprehensive income (loss) | — | |||||||||||
Foreign currency transaction adjustment | — | — | ||||||||||
Comprehensive Income | (330,790 | ) | (180,848 | ) | (511,638 | ) |
Pro Forma Balance Sheet (Unaudited) - MSPC and Etelix
9 Months Ending September 30, 2017
MSPC | Etelix | Consolidated | |||||||||||
ASSETS | |||||||||||||
Current Assets | |||||||||||||
Cash and cash equivalents | 13,652 | 23,266 | 36,918 | ||||||||||
Accounts receivable | 3,341 | 4,226,060 | 4,229,401 | ||||||||||
Due from related party | — | — | |||||||||||
Customers | 987,126 | 987,126 | |||||||||||
Marketable securities | — | — | |||||||||||
Inventory | 9,971 | 9,971 | |||||||||||
Prepaid and other current assets | 179,955 | 179,955 | |||||||||||
Total Current Assets | 206,919 | 5,236,452 | 5,443,371 | ||||||||||
Advance payment for real property | |||||||||||||
Investment in non-consolidated subsidiary | 159,910 | 159,910 | |||||||||||
Property and equipment, net | 4,380,940 | 305,631 | 4,686,571 | ||||||||||
Goodwill | |||||||||||||
TOTAL ASSETS | 4,587,859 | 5,542,083 | 10,129,942 | ||||||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||||
Current Liabilities | 4,133,186 | ||||||||||||
Bank overdraft payable | — | — | — | ||||||||||
Accounts payable | 61,251 | 212,958 | 274,209 | ||||||||||
Accrued expenses | 626,144 | 170,905 | 797,049 | ||||||||||
Accrued interest | 75,869 | 75,869 | |||||||||||
Deferred revenue and customer deposits | — | — | |||||||||||
Due to related parties | — | — | |||||||||||
Sales deposit | 34,046 | 34,046 | |||||||||||
Long term debt related party | — | — | |||||||||||
Notes payable | 16,990 | 318,794 | 335,784 | ||||||||||
Current portion of convertible notes payable, net of discount of $189,377 and $77,992 | 155,184 | 155,184 | |||||||||||
Convertible notes payable related party, net of discount of $0 and $5,921 | — | — | |||||||||||
Note payable | 10,000 | 10,000 | |||||||||||
Current portion of acquisition note, net of discount | — | — | |||||||||||
Derivative liability | 9,881,741 | 9,881,741 | |||||||||||
Total Current Liabilities | 10,861,225 | 4,835,843 | 15,697,068 | ||||||||||
Due to related parties | |||||||||||||
Capital lease obligations | |||||||||||||
Acquisition note, net of discount | |||||||||||||
Convertible notes payable, net discount of $0 and $100,406 | |||||||||||||
TOTAL LIABILITIES | 10,861,225 | 4,835,843 | 15,697,068 | ||||||||||
Stockholders' Deficit | ||||||||||||
Preferred stock, $0.000001 par value, 8,000,000 shares authorized | — | — | ||||||||||
Series B Preferred Stock, $0.000001 par value, 2,000,000 shares authorized, 1,200,000 shares issued | 1 | 1 | ||||||||||
Series C Preferred Stock, $0.000001 par value, 100,000 shares authorized, 100,000 shares issued | 0 | 0 | ||||||||||
Series D Preferred Stock, $0.000001 par value | ||||||||||||
Common Stock, $0.000001 par value, | 2,263 | 2,263 | ||||||||||
Additional paid in capital | 7,035,555 | 747,515 | 7,783,070 | |||||||||
Stock subscription | — | 1,000 | 1,000 | |||||||||
Accumulated other comprehensive loss | (205,388 | ) | (205,388 | ) | ||||||||
Accumulated Retained earnings (deficit) | (13,105,798 | ) | (42,275 | ) | (13,148,073 | ) | ||||||
Total Stockholders' Deficit | (6,273,367 | ) | (6,273,367 | ) | ||||||||
Net Income | (330,790 | ) | — | (330,790 | ) | |||||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 4,587,859 | 5,542,083 | 10,129,942 |