NYXIO TECHNOLOGIES Corp - FORM 8-K/A - EX-99.2 - EXHIBIT 99.2 - December 22, 2011

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8-K/A - FORM 8-K/A - NYXIO TECHNOLOGIES Corpv243756_8ka.htm
EX-99.1 - EXHIBIT 99.1 - NYXIO TECHNOLOGIES Corpv243756_ex99-1.htm

Pro forma Balance Sheets
June 30, 2011

   
Nyxio
    
Nyxio
    
Pro forma
    
Unaudited
  
   
Technologies, Inc.
    
Technologies Corp.
    
Adjustments
    
Pro forma
  
                         
Assets
                        
Current assets:
                        
Cash
   $ 46,023     $ 60     $ -     $ 46,083  
Accounts receivable
     520       -       -       520  
Inventory
     10,003       -       -       10,003  
Prepaid expenses
     2,650       742       -       3,392  
Due from related party
     18,626       85,500 6     (85,500 )     18,626  
Total current assets
     77,822       86,302       (85,500 )     78,624  
                                 
Fixed assets:
                                
net of accumulated depreciation
     15,470       -       -       15,470  
                                 
Other assets:
                                
Deposits
     4,175       -       -       4,175  
Total other assets
     4,175       -       -       4,175  
                                 
Total assets
   $ 97,467     $ 86,302     $ (85,500 )   $ 98,269  
                                 
Liabilities and Stockholders' Deficit
                                
                                 
Current liabilities
                                
Accounts payable and accrued liabilities
   $ 114,465     $ 89,684 6   $ (85,500 )   $ 118,649  
Convertible notes payable
     -       17,007       -       17,007  
Notes payable
     167,618       111,030       -       278,648  
Total current liabilities
     282,083       217,721       (85,500 )     414,304  
                                 
Total liabilities
     282,083       217,721       (85,500 )     414,304  
                                 
Stockholders' equity
                                
Common stock
     255       15,849 3     (255 )        
                4     22,500          
                5     (849 )     37,500  
Additional paid-in capital
     127,345       8,752,086 1     (8,899,354 )        
                2     3,967,500          
                3     255          
                4     (22,500 )        
                5     849       3,926,181  
Accumulated deficit
     (312,216 )     (8,899,354 )1     8,899,354       -  
                2     (3,967,500 )     (4,279,716 )
Total shareholders' equity
     (184,616 )     (131,419 )     -       (316,035 )
                                 
Total liabilities and shareholders' equity
   $ 97,467     $ 86,302     $ (85,500 )   $ 98,269  
                                 
1 Additional paid-in capital
     8,899,354                          
Accumulated deficit
             8,899,354                  
To eliminated RE of LED
                                
2 Share-based compensation expense
     3,967,500                          
Additional paid-in capital
             3,967,500                  
To record FV of warrants issued in connection with Merger
                          
3 Common stock
     255                          
Additional paid-in capital
             255                  
To eliminated capital stock of Nyxio
                                
4 Additional paid-in capital
     22,500                          
Common stock
             22,500                  
To record issuance of merger shares per agreement
                          
5 Common stock
     849                          
Additional paid-in capital
             849                  
To record cancellation of shares per merger agreement
                          
6 Accrued expenses
     85,500                          
Prepaid expenses
             85,500                  
To eliminate intercompany activity
                                

The Accompanying notes are an integral part of these financial statements
 
 
 
 
 
Pro forma Statements of Operations
For the Six-Months Ended June 30, 2011

   
Nyxio
    
Nyxio
              
   
Technologies
    
Technologies
    
Pro forma
    
Unaudited
  
   
Inc.
    
Corp
    
Adjustments
    
Pro forma
  
                         
Revenue
   $ 3,338     $ -     $ -     $ 3,338  
Cost of goods sold
     2,183       -       -       2,183  
                                 
Gross profit
     1,155       -       -       1,155  
                                 
Operating expenses
                                
Consulting services
     18,230       -       -       18,230  
Depreciation
     1,779       -       -       1,779  
General and administrative
     20,232       1,027       -       21,259  
Professional fees
     75,683       65,210       -       140,893  
Promotional and marketing
     11,145       -       -       11,145  
Rent expense
     17,821       -       -       17,821  
Salaries and wages
     20,859       10,500       -       31,359  
Share-based compensastion
     -       -       3,967,500 2     3,967,500  
Travel and entertainment
     33,074       -       -       33,074  
Total operating expenses
     198,823       76,737       3,967,500       4,243,060  
                                 
Net loss from operations
     (197,668 )     (76,737 )     (3,967,500 )     (4,241,905 )
                                 
Other income (expense)
                                
Interest expense
     (10,711 )     (5,077 )     -       (15,788 )
Total other income (expense)
     (10,711 )     (5,077 )     -       (15,788 )
                                 
Net loss
   $ (208,379 )   $ (81,814 )   $ (3,967,500 )   $ (4,257,693 )
                                 
Basic and fully diluted loss per common share
   $ (7.41 )   $ (0.01 )                
Basic and fully diluted - weighted average common shares outstanding
     28,111       15,536,221                  

The accompanying notes are an integral part of these financial statements
 
 
 
 
 
Pro forma Statements of Operations
For the Year Ended December 31, 2010

   
Nyxio
    
Nyxio
              
   
Technologies
    
Technologies
    
Pro forma
    
Unaudited
  
   
Inc.
    
Corp
    
Adjustments
    
Pro forma
  
                         
Revenue
   $ 10,105     $ -     $ -     $ 10,105  
Cost of goods sold
     6,718       -       -       6,718  
                                 
Gross profit
     3,387       -       -       3,387  
                                 
Operating expenses
                                
Consulting services
     5,564       -       -       5,564  
Depreciation
     1,980       -       -       1,980  
General and administrative
     16,815       4,424       -       21,239  
Professional fees
     651       66,315       -       66,966  
Promotional and marketing
     5,705       60,161       -       65,866  
Rent expense
     11,089       -       -       11,089  
Salaries and wages
     40,079       30,000       -       70,079  
Travel and entertainment
     18,156       -       -       18,156  
Total operating expenses
     100,039       160,900       -       260,939  
                                 
Net loss from operations
     (96,652 )     (160,900 )     -       (257,552 )
                                 
Other income (expense)
                                
Interest expense
     (7,185 )     (12,290 )     -       (19,475 )
Total other income (expense)
     (7,185 )     (12,290 )     -       (19,475 )
                                 
Net loss
   $ (103,837 )   $ (173,190 )   $ -     $ (277,027 )
                                 
Basic and fully diluted loss per common share
   $ (1,038.37 )   $ (0.01 )                
Basic and fully diluted - weighted average common shares outstanding
     100       25,503,818                  

The accompanying notes are an integral part of these financial statements
 
 
 
 
 
Notes to Pro Forma Condensed Consolidated Financial Statement
(Unaudited)

Note 1
The Unaudited Pro Forma Financial Information reflects financial information, which gives effect to the acquisition of all of the outstanding common shares of Nyxio Technologies, Inc. (“Nyxio”) (an Oregon Corporation) in exchange for 22,500,000 shares of common stock of Nyxio Technologies Corp (formerly LED Power Group, Inc.) (“LED”) (a Nevada Corporation).

The Pro Forma Statements included herein reflect the use of the purchase method of accounting for the above transaction. Such financial information has been prepared from, and should be read in conjunction with, the historical audited financial statements of Nyxio (included herein) and LED (filed with the SEC).

The Pro Forma Balance Sheet gives effect to the transaction as if it had occurred on June 30, 2011. The Pro Forma Statement of Operations gives effect to the transaction as if it had occurred at the beginning of the earliest period presented, combining the results of Nyxio and LED for the year ended December 31, 2010 and the six months ended June 30, 2011.

In accordance with the Merger Agreement, LED acquired 100% of the outstanding shares of Nyxio in exchange for 22,500,000 shares of its common stock or 66% ownership interest in LED. The pro forma adjustments reflect the recapitalization of Nyxio as the acquirer of LED resulting from the controlling interest acquired by Nyxio. Because the acquisition was accounted for under the purchase method, there was neither goodwill recognized nor any adjustments to the book value of the net assets of LED that would affect the pro forma statement of operations.
 
 
 
 

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