Attached files
| file | filename |
|---|---|
| 8-K - Blue Gem Enterprise | bluegem8k091410.htm |
| EX-2.1 - Blue Gem Enterprise | ex2-1.htm |
| EX-3.5 - Blue Gem Enterprise | ex3-5.htm |
| EX-3.3 - Blue Gem Enterprise | ex3-3.htm |
| EX-3.1 - Blue Gem Enterprise | ex3-1.htm |
| EX-3.2 - Blue Gem Enterprise | ex3-2.htm |
| EX-3.4 - Blue Gem Enterprise | ex3-4.htm |
| EX-10.1 - Blue Gem Enterprise | ex10-1.htm |
| EX-10.2 - Blue Gem Enterprise | ex10-2.htm |
| EX-10.4 - Blue Gem Enterprise | ex10-4.htm |
| EX-10.5 - Blue Gem Enterprise | ex10-5.htm |
| EX-10.8 - Blue Gem Enterprise | ex10-8.htm |
| EX-10.6 - Blue Gem Enterprise | ex10-6.htm |
| EX-99.1 - Blue Gem Enterprise | ex99-1.htm |
| EX-10.7 - Blue Gem Enterprise | ex10-7.htm |
| EX-10.3 - Blue Gem Enterprise | ex10-3.htm |
Exhibit 99.2
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Blue Gem Enterprise, Inc.
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Pro Forma Consolidated Financial Statements
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| (1) | (2) | |||||||||||||
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Blue Gem
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Title Beverage
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Pro Forma
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Pro Forma
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Enterprise, Inc.
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Distribution, Inc.
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Adjustments
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Consolidated
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Cash and equivalents
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- | 220,000 | 220,000 | |||||||||||
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Accounts receivable, net
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71,106 | 63,257 | 134,363 | |||||||||||
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Inventory
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190,000 | 30,410 | 220,410 | |||||||||||
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Other current assets
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- | 51,200 | 51,200 | |||||||||||
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Property and equipment
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- | 20,122 | 20,122 | |||||||||||
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Other assets
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- | 17,200 | 17,200 | |||||||||||
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Goodwill and other intangibles
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- | - |
(a)
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3,000,000 | 2,293,028 | |||||||||
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(b)
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(706,972 | ) | ||||||||||||
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TOTAL ASSETS
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261,106 | 402,189 | 2,293,028 | 2,956,323 | ||||||||||
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Accounts payable and accrued liabilities
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123,617 | 101,106 | 224,723 | |||||||||||
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Due from affiliates
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35,811 | 1,008,055 |
(c)
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(842,348 | ) | 201,518 | ||||||||
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TOTAL LIABILITIES
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159,428 | 1,109,161 | (842,348 | ) | 426,241 | |||||||||
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Common Stock
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121,912 | 150 |
(a)
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20,000 | 141,912 | |||||||||
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(b)
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(150 | ) | ||||||||||||
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Preferred stock
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- | - |
(a)
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1,000 | 1,000 | |||||||||
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Additional paid-in capital
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1,052,588 | - |
(a)
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1,565,056 | 2,617,644 | |||||||||
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Accumulated deficit
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(230,474 | ) | (707,122 | ) |
(b)
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707,122 | (230,474 | ) | ||||||
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Contra equity, due from affiliate
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(842,348 | ) | - |
(c)
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842,348 | - | ||||||||
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TOTAL STOCKHOLDERS' EQUITY
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101,678 | (706,972 | ) | 3,135,376 | 2,530,082 | |||||||||
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
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261,106 | 402,189 | 2,293,028 | 2,956,323 | ||||||||||
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SALES
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133,015 | 169,032 | 302,047 | |||||||||||
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COSTS OF GOOD SOLD
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132,260 | 134,960 | 267,220 | |||||||||||
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GROSS PROFIT
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755 | 34,072 | - | 34,827 | ||||||||||
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OPERATING EXPENSES
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176,047 | 266,178 | - | 442,225 | ||||||||||
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NET LOSS
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(175,292 | ) | (232,106 | ) |
(b)
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232,106 | (175,292 | ) | ||||||
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BEGINNING ACCUMULATED DEFICIT
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(55,182 | ) | (475,016 | ) |
(b)
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475,016 | (55,182 | ) | ||||||
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ENDING ACCUMULATED DEFICIT
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(230,474 | ) | (707,122 | ) |
(b)
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232,106 | (230,474 | ) | ||||||
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BASIC LOSS PER SHARE
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(0.00 | ) | (0.00 | ) | (0.00 | ) | ||||||||
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WEIGHTED AVERAGE NUMBER OF
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COMMON SHARES OUTSTANDING
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111,168,112 | 100,000,000 | ||||||||||||
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(a)
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Issuance of 20,000,000 common shares at a value of $0.03 per share and
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1,000 preferred shares at a value of $2,400 per share
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(b)
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Elimination of share capital and retained earnings of Title Beverage Distribution, Inc.
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(c)
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Elimination of intercompany loan balances
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(1)
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As of and for the year ended May 31, 2010
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(2)
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As of and for the three-month period ended July 31, 2010
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