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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