Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ALKALINE WATER Co INC | form8k.htm |
THE ALKALINE WATER COMPANY INC.
CONSOLIDATED PRO
FORMA BALANCE SHEET (c)
| Proforma (b) | |||||||||
| September 30, 2018 | Warrant | September 30, 2018 | |||||||
| (unaudited) | Exercise (a) | (unaudited) | |||||||
| ASSETS | |||||||||
| Current assets | |||||||||
| Cash and cash equivalents | $ | 4,407,223 | $ | 1,148,249 | $ | 5,555,472 | |||
| Accounts receivable | 3,296,599 | 3,296,599 | |||||||
| Inventory | 1,448,671 | 1,448,671 | |||||||
| Prepaid expenses | 879,660 | 879,660 | |||||||
| Total current assets | 10,032,153 | 11,180,402 | |||||||
| Fixed assets - net | 1,418,512 | 1,418,512 | |||||||
| Total assets | $ | 11,450,665 | $ | 12,598,914 | |||||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||
| Current liabilities | |||||||||
| Accounts payable | $ | 2,496,771 | $ | 2,496,771 | |||||
| Accrued expenses | 774,861 | 774,861 | |||||||
| Revolving financing | 2,609,591 | 2,609,591 | |||||||
| Current portion of capital leases | 47,803 | 47,803 | |||||||
| Derivative liability | 288 | 288 | |||||||
| Total current liabilities | 5,929,314 | 5,929,314 | |||||||
| Total liabilities | $ | 5,929,314 | $ | 5,929,314 | |||||
| Stockholders' equity | |||||||||
| Preferred stock,
$0.001 par value, 100,000,000 shares
authorized, Series C issued 1,500,000, Series D issued 3,800,000 |
5,300 | 5,300 | |||||||
| Common stock,
Class A - $0.001 par value, 200,000,000
shares authorized 32,742,958 and 34,018,790 shares issued and outstanding at September 30, 2018 and Proforma September 30, 2018 respectively |
32,742 | 1,276 | 34,018 | ||||||
| Additional paid in capital | 37,455,311 | 1,146,973 | 38,602,284 | ||||||
| Accumulated deficit | (31,972,002 | ) | (31,972,002 | ) | |||||
| Total stockholders' equity | 5,521,351 | 6,669,600 | |||||||
| Total liabilities and stockholders' equity | $ | 11,450,665 | $ | 12,598,914 |
| (a) |
Refer to the description of the warrant exercise dated November 20, 2018 in Item 3.02 in the accompanying 8-K |
| (b) |
The Company's balance sheet (unaudited) reflecting as if the warrant exercise described in a) had a transaction date of September 30, 2018 instead of November 20, 2018 |
| (c) |
This consolidated pro-forma balance sheet has not been reviewed by the Company's independent accountants. |