Attached files
| file | filename |
|---|---|
| 8-K/A - AMENDMENT CURRENT REPORT - LivingVentures, Inc. | creo052011_8ka.htm |
| EX-10 - EXHIBIT 10.1 - LivingVentures, Inc. | creo052012fm8ka_ex10z1.htm |
| EX-9 - EXHIBIT 9.01(A) - LivingVentures, Inc. | creo052012fm8ka_ex9z1a.htm |
| EX-10 - EXHIBIT 10.2 - LivingVentures, Inc. | creo052012fm8ka_ex10z2.htm |
GREEN GLOBAL INVESTMENTS, INC. AND SUBSIDIARIES
PRO FORMA CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2011
(UNAUDITED)
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| Adjustments |
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| GGI |
| Comcen |
| Dr |
| Cr |
| Notes |
| Combined |
| ASSETS |
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Current Assets |
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| Cash | $ | 54,978 | $ | 125,429 | $ |
| $ |
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| $ | 180,407 |
| Restricted cash |
| 173,750 |
| - |
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| 173,750 |
| Accounts receivable |
| 234,922 |
| 66,190 |
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| 301,112 |
| Prepaid expenses |
| 3,758 |
| 58,950 |
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| 62,708 |
| Deposits and other assets |
| 2,446 |
| 66,725 |
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| 69,171 |
| Inventories |
| 169,154 |
| - |
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| 169,154 |
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| 639,008 |
| 317,294 |
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| 956,302 |
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Non-Current Assets |
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| Fixed Assets, net |
| 28,240 |
| 1,529 |
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| 29,769 |
| Goodwill |
| - |
| - |
| 546,027 |
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| 2 |
| 546,027 |
| Cost incurred in business acquisition |
| - |
| - |
| 11,829 |
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| 1 |
| 11,829 |
| Long-Term Investments |
| - |
| - |
| 307,250 |
| 307,250 |
| 1,2 |
| - |
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| 28,240 |
| 1,529 |
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| 587,625 |
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Total Assets | $ | 667,248 | $ | 318,823 |
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| $ | 1,543,927 | |
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| LIABILITIES AND STOCKHOLDERS' DEFICIT |
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Current Liabilities |
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| Accounts payable and accruals | $ | 246,847 | $ | 2 |
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| $ | 246,849 |
| Note payable - bank |
| - |
| 318,321 |
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| 318,321 |
| Loan payable |
| 341,143 |
| - |
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| 341,143 |
| Note payable - related party |
| 855,392 |
| - |
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| 855,392 |
| Due to affiliated company |
| - |
| 228,734 |
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| 228,734 |
| Due to shareholder |
| - |
| 24,991 |
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| 24,991 |
| Taxation |
| 3,410 |
| - |
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| 3,410 |
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| 1,446,792 |
| 572,048 |
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| 2,018,840 |
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Stockholders' (Deficit) equity |
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| Common stock |
| 24,580 |
| - |
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| 25,526 |
| 1 |
| 50,106 |
| Additional paid-in capital |
| 684,483 |
| - |
|
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| 293,553 |
| 1 |
| 978,036 |
| Contributed surplus |
| - |
| 1,101,400 |
| 1,101,400 |
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| 2 |
| - |
| Deficit |
| (1,485,735) |
| (1,340,177) |
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| 1,340,177 |
| 2 |
| (1,485,735) |
| Other comprehensive loss |
| (2,872) |
| - |
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| (2,872) |
| Noncontrolling interests |
| - |
| (14,448) |
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| (14,448) |
Total Stockholders' Deficit |
| (779,544) |
| (253,225) |
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| (474,913) | |
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Total Liabilities and Stockholders' Deficit | $ | 667,248 | $ | 318,823 | $ | 1,966,506 | $ | 1,966,506 |
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| $ | 1,543,927 | |
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| Note 1 The cost for GGI investing in Comcen is to be settled by the issuance of 24,580,000 common shares in GGI; |
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| each valued at $0.0125 |
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| Note 2 On combining financial positions of GGI and Comcen, the cost of the investment is applied to set off the |
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| equity in the acquired business with the balance being recorded as goodwill. |
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1
GREEN GLOBAL INVESTMENTS, INC. AND SUBSIDIARIES
PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2011
(UNAUDITED)
|
| GGI |
| Comcen |
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| Combined |
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Revenue | $ | 4,359,014 | $ | 359,790 |
|
| $ | 4,718,804 |
Cost of Revenue |
| (4,020,647) |
| - |
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| (4,020,647) |
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Gross Profit |
| 338,367 |
| 359,790 |
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| 698,157 |
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Operating expenses |
| (685,932) |
| (534,417) |
|
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| (1,220,349) |
Other income |
| 9,885 |
| - |
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| 9,885 |
Interest income |
| 324 |
| - |
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| 324 |
Interest expenses |
| (122,597) |
| (17,848) |
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| (140,445) |
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Net loss before provision for income taxes |
| (459,953) |
| (192,475) |
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| (652,428) |
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Provision for Income Taxes |
| (2,243) |
| - |
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| (2,243) |
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Net loss for the year | $ | (462,196) | $ | (192,475) |
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| $ | (654,671) |
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Attributable to: |
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Stockholders of the Company | $ | (462,196) | $ | (139,595) |
|
| $ | (601,791) |
Noncontrolling interest |
| - |
| (52,880) |
|
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| (52,880) |
| $ | (462,196) | $ | (192,475) |
|
| $ | (654,671) |
2