Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ALKALINE WATER Co INC | form8k.htm |
| EX-2.1 - EXHIBIT 2.1 - ALKALINE WATER Co INC | exhibit2-1.htm |
| EX-16.1 - EXHIBIT 16.1 - ALKALINE WATER Co INC | exhibit16-1.htm |
| EX-10.6 - EXHIBIT 10.6 - ALKALINE WATER Co INC | exhibit10-6.htm |
| EX-10.5 - EXHIBIT 10.5 - ALKALINE WATER Co INC | exhibit10-5.htm |
| EX-10.2 - EXHIBIT 10.2 - ALKALINE WATER Co INC | exhibit10-2.htm |
| EX-99.1 - EXHIBIT 99.1 - ALKALINE WATER Co INC | exhibit99-1.htm |
GLOBAL LINES, INC. AND ALKALINE WATER CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEETS
| Global Lines, | Alkaline | ||||||||||||||
| Inc. as of | Water Corp. | Company Pro | |||||||||||||
| February 28, | as of March | Pro Forma | Forma | ||||||||||||
| 2013 | 31, 2013 | Adjustments | Combined | ||||||||||||
| ASSETS | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash | $ | 18 | $ | 64,607 | $ | 64,607 | |||||||||
| Accounts receivable | -- | 15,110 | 15,110 | ||||||||||||
| Inventory | -- | 7,573 | 7,573 | ||||||||||||
| Other – deposits | 4,000 | -- | 4,000 | ||||||||||||
| Total Current Assets | $ | 4,018 | $ | 87,290 | $ | 91,308 | |||||||||
| Fixed Assets, net | -- | 38,083 | 38,083 | ||||||||||||
| Deposits – Related Party | -- | 15,000 | 15,000 | ||||||||||||
| TOTAL ASSETS | $ | 4,018 | $ | 140,373 | $ | -- | $ | 144,391 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | |||||||||||||||
| LIABILITIES | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts payable | $ | -- | $ | 12,651 | $ | 12,651 | |||||||||
| Accounts payable – related party | -- | 490 | 490 | ||||||||||||
| Accrued expenses | -- | 5,400 | 5,400 | ||||||||||||
| Accrued interest | -- | 1,315 | 1,315 | ||||||||||||
| Notes payable – related party | -- | 150,000 | 150,000 | ||||||||||||
| Total Current Liabilities | $ | -- | $ | 169,856 | $ | 169,856 | |||||||||
| TOTAL LIABILITIES | $ | -- | $ | 169,856 | $ | 169,856 | |||||||||
| STOCKHOLDERS’ EQUITY/(DEFICIT) | |||||||||||||||
| Common stock | $ | 7,300 | $ | 100 | 70,100 | [2] | $ | 77,500 | |||||||
| Additional paid-in capital | 45,604 | 253,805 | (118,986 | ) | [2] | 180,423 | |||||||||
| Accumulated deficit | (48,886 | ) | (283,388 | ) | 48,886 | [2] | (283,388 | ) | |||||||
| TOTAL STOCKHOLDERS’ EQUITY/ (DEFICIT) | $ | 4,018 | $ | (29,483 | ) | -- | $ | (25,465 | ) | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY / (DEFICIT) | $ | 4,018 | $ | 140,373 | $ | -- | $ | 144,391 |
See Accompanying Notes to Pro Forma Consolidated Financial Statements
GLOBAL LINES, INC. AND ALKALINE WATER
CORP.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS
| Global Lines, | Alkaline | ||||||||||||||
| Inc. | Water Corp. | ||||||||||||||
| For the | For the | ||||||||||||||
| Quarter | Quarter | ||||||||||||||
| Ended | Ended | Company Pro | |||||||||||||
| February 28, | March 31, | Pro Forma | Forma | ||||||||||||
| 2013 | 2013 | Adjustments | Combined | ||||||||||||
| REVENUES | $ | -- | $ | 15,110 | $ | 15,110 | |||||||||
| COST OF GOODS SOLD | -- | 4,346 | 4,346 | ||||||||||||
| GROSS PROFIT | $ | -- | $ | 10,764 | $ | 10,764 | |||||||||
| OPERATING EXPENSES | |||||||||||||||
| Sales and marketing expenses | $ | -- | $ | 35,325 | $ | 35,325 | |||||||||
| General and administrative expenses | 2,762 | 43,507 | (2,762 | ) | [1] | 43,507 | |||||||||
| General and administrative expenses | |||||||||||||||
| - Related party | -- | 20,350 | 20,350 | ||||||||||||
| Depreciation Expense | -- | 1,814 | 1,814 | ||||||||||||
| Total Operating Expenses | $ | 2,762 | $ | 100,996 | (2,762 | ) | [1] | $ | 100,996 | ||||||
| OPERATING LOSS | $ | (2,762 | ) | $ | (90,232 | ) | 2,762 | [1] | $ | (90,232 | ) | ||||
| OTHER EXPENSES | |||||||||||||||
| Interest expense | $ | -- | |||||||||||||
| Other expense | -- | 4,577 | 4,577 | ||||||||||||
| Total Other Expenses | $ | -- | $ | 5,892 | $ | 5,892 | |||||||||
| NET LOSS | $ | (2,762 | ) | $ | (96,124 | ) | $ | 2,762 | [1] | $ | (96,124 | ) |
See Accompanying Notes to Pro Forma Financial Statements
GLOBAL LINES, INC. AND ALKALINE WATER CORP.
NOTES TO
PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
March 31, 2013
1. BASIS OF PRESENTATION FOR PRO-FORMA FINANCIAL STATEMENTS
On May 30, 2013, Global Lines, Inc. (“GAEND”) acquired 100% of Alkaline Water Corp. (“AWC”) in exchange for a total of 43,000,000 restricted shares of GAEND’s common stock. Additionally, former officers and directors of GAEND agreed to cancel a total of 75,000,000 shares of common stock.
The unaudited pro-forma condensed consolidated financial statements have been developed from the unaudited records of GAEND as of February 28, 2013 and the three months then ended and the audited records of AWC as of March 31, 2013 and the three months then ended.
The unaudited pro-forma condensed consolidated balance sheet is based upon the historical financial statements of GAEND and AWC. The unaudited pro-forma condensed consolidated balance sheet is presented as if the reverse merger acquisition had occurred on March 31, 2013.
The unaudited pro-forma condensed consolidated statement of operations for the three months ended March 31, 2013 is based upon the historical financial statements of GAEND and AWC, after giving effect to the reverse merger acquisition. The unaudited pro-forma condensed consolidated statement of operations is presented as if the acquisition had occurred at the beginning of the period.
2. PRO-FORMA ADJUSTMENTS
The pro-forma adjustments included in the unaudited condensed consolidated financial statements are as follows:
| [1] |
Net effect of the elimination of all of the assets, liabilities and operations of GAEND. | |
| [2] |
Recapitalization due to reverse merger of GAEND and AWC. |
3. STOCKHOLDERS’ EQUITY
The Company is authorized to issue 1,125,000,000 shares of its $0.001 par value common stock.
On May 30, 2013, the Company effected a 15-for-1 forward stock split of its $0.001 par value common stock.
Upon closing of the reverse merger acquisition, the Company had 77,500,000 shares of common stock issued and outstanding. The pro-forma condensed consolidated balance sheet as of March 31, 2013 is presented as if the reverse merger acquisition had occurred on March 31, 2013.