Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - REMARK HOLDINGS, INC. | mark-20130612x8ka.htm |
| EX-99.2 - EX-99.2 - REMARK HOLDINGS, INC. | mark-20130612ex9922edf8e.htm |
| EX-23.1 - EX-23.1 - REMARK HOLDINGS, INC. | mark-20130612ex231e08a94.htm |
| EX-99.3 - EX-99.3 - REMARK HOLDINGS, INC. | mark-20130612ex99312556e.htm |
Pop Factory LLC
Consolidated Balance Sheet
|
|
Mar 29, 2013 |
|
|
ASSETS |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
$ |
23,245 |
|
Receivables, net |
|
7,145 |
|
Other loans receivable |
|
|
|
Inventories |
|
|
|
Vendor deposits |
|
|
|
Prepaid rent |
|
- |
|
Total current assets |
|
30,390 |
|
|
|
|
|
Investment in related company |
|
|
|
Shareholders loan receivable |
|
|
|
Other |
|
|
|
|
|
- |
|
Original Cost |
|
107,522 |
|
Accumulated Depreciation |
|
(83,955) |
|
Property and equipment net of deprecation |
|
23,567 |
|
Total Assets |
$ |
53,957 |
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
Current liabilities |
|
|
|
Accounts Payable |
$ |
- |
|
Other current liabilities |
$ |
7,171 |
|
Deferred rent liability |
$ |
2,343 |
|
Total current liabilities |
|
9,514 |
|
Shareholder loans |
|
- |
|
Shareholders' Equity |
|
|
|
Common stock |
|
100 |
|
Additional paid-in capital |
|
462,891 |
|
Syndication costs |
|
- |
|
Retained earnings |
|
(418,548) |
|
Total shareholders' equity |
|
44,443 |
|
Total liabilities and shareholders' equity |
$ |
53,957 |
1
Pop Factory LLC
Consolidated Statement of Operations
|
|
Jan 1 to Mar 29, 2013 |
|
|
Revenue |
$ |
37,050 |
|
Cost of sales |
|
17,341 |
|
Gross profit |
|
19,709 |
|
General and administrative expenses |
|
183,264 |
|
EBITDA |
|
(163,555) |
|
Depreciation and amortization |
|
2,402 |
|
Other Income |
|
858 |
|
Net Income |
$ |
(165,099) |
2
Pop Factory LLC
Consolidated Statement of Cash Flow
|
|
Jan 1 to Mar 29, 2013 |
|
|
Cash Flows from Operating Activities |
|
|
|
Net Income (loss) |
$ |
(165,099) |
|
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
Increase in accounts receivable |
|
(362) |
|
Decrease in accounts payable |
|
(5,000) |
|
Decrease (Increase) in other current liabilities |
|
(21,748) |
|
Decrease (Increase) in deferred rent |
|
(1,171) |
|
Increase in accumulated depreciation |
|
2,402 |
|
Net cash provided from operating activities |
|
(25,879) |
|
Cash Flows from Investing Activities |
|
|
|
Increase in property and equipment |
|
(3,479) |
|
Net Cash (Used In) Provided By Investing Activities |
|
(3,479) |
|
Cash Flows from Financing Activities |
|
|
|
Increase in additional paid-in capital |
|
195,976 |
|
Net Cash (Used In) Provided By Financing Activities |
|
195,976 |
|
Net change in Cash and Cash Equivalents |
|
1,519 |
|
Cash and Cash Equivalents at Beginning of the Year |
|
21,726 |
|
Cash and Cash Equivalents at End of the Year |
$ |
23,245 |
3