Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - PORTUS Corp | form8k1402_super8kv4.htm |
| EX-99.2 - PORTUS INTERIM FINANCIALS - PORTUS Corp | form8k_super8k992portusholdi.htm |
| EX-99.1 - PORTUS YEAR END FINANCIALS - PORTUS Corp | form8kfinancials2012yearexhi.htm |
| EX-99.4 - NEWS RELEASE - PORTUS Corp | form8k1402_super8kx994newsre.htm |
Balance sheet |
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| Dane |
| Portus |
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| 9/30/2013 |
| 9/30/2013 |
| Adjustments |
| Pro Forma | |
ASSETS |
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CURRENT ASSETS |
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Cash | $ 1,310 |
| $ - |
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| $ 1,310 | |
Prepaid Assets | 291 |
| 65,000 | (1) | (65,000) |
| 291 | |
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Total Assets | 1,601 |
| 65,000 |
| (65,000) |
| 1,601 | |
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LIABILITIES AND STOCKHOLDER DEFICIT |
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CURRENT LIABILITIES |
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Accounts payable | 12,179 |
| 27,568 | (1) | (27,568) |
| 12,179 | |
Shareholder/Parent advances | 11,000 |
| 75,000 | (1) | (75,000) |
| 11,000 | |
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Total Current Liabilities | 23,179 |
| 102,568 |
| (102,568) |
| 23,179 | |
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STOCKHOLDER EQUITY |
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Common stock | 53,600 |
| 11,309 | (1) | (11,309) |
| 53,800 | |
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| (2) | (53,600) |
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| (3) | 53,800 |
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Additional Paid in Capital | 43,400 |
| 823,971 | (1) | (823,971) |
| (75,378) | |
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| (2) | (43,400) |
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| (2) | (21,578) |
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| (3) | (53,800) |
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Deficit accumulated | (118,578) |
| (872,848) | (1) | 872,848 |
| - | |
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| (2) | 118,578 |
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TOTAL STOCKHOLDERS EQUITY | (21,578) |
| (37,568) |
| 37,568 |
| (21,578) | |
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TOTAL LIABILITIES AND |
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STOCKHOLDER DEFECIT | $ 1,601 |
| $ 65,000 |
| $ (65,000) |
| $ 1,601 | |
(1) remove all assets and liabilities of Portus Holdings, Inc. as a result of only the intellectual property ("business") was sold to Dane Exploration, therefore none of the entity specific accounts survive the transaction | ||||||||
(2) remove the equity of Dane Exploration as a result of Portus' business being the accounting acquirer | ||||||||
(3) to account for the 50,000,000 shares issued by Dane to Portus and the cancellation of 49,800,000 of the 53,600,000 shares by Dane's shareholders contemporaneous with the transaction resulting in 53,800,000 shares issued and outstanding post transaction | ||||||||
1
Statement of Operations |
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| Dane |
| Portus |
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| 9 mos end9/30/2013 |
| 9 mos end9/30/2013 |
| Adjustments |
| ProForma |
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Finance and Accounting |
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$ - |
| $ 4,150 |
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| $ 4,150 | |
Professional Fees | 11,254 |
| - | (1) | (11,254) |
| - |
General and Administrative | 16,929 |
| 281,041 | (1) | (16,929) |
| 281,041 |
Total Expenses | 28,183 |
| 285,191 |
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| 285,191 |
NET INCOME (LOSS) |
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$ (28,183) |
| $ (285,191) |
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| $ (285,191) | |
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NET LOSS PER SHARE: |
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Basic and Diluted | $ (0.00) |
| $ (0.00) |
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| $ (0.01) |
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WEIGHTED AVERAGE NUMBER OF SHARES: |
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Basic and diluted | 53,363,699 |
| 113,065,565 | (2) | (112,629,264) |
| 53,800,000 |
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Notes |
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(1) to remove p&l activity of Dane Exploration |
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(2) adjust shares for transaction |
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2
Statement of Operations |
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| Dane |
| Portus |
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| 12 mos end 9/30/2012 |
| 12 mos end 12/31/2012 |
| Adjustments |
| ProForma |
Finance and Accounting |
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$ - |
| $ 38,608 |
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| $ 38,608 | |
Exploration costs | 7,688 |
| $ - | (1) | (7,688) |
| - |
Professional Fees | 18,208 |
| 25,000 | (1) | (18,208) |
| 25,000 |
General and Administrative | 10,193 |
| 404,551 | (1) | (10,193) |
| 404,551 |
Total Expenses | 36,089 |
| 468,159 |
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| 468,159 |
NET INCOME (LOSS) |
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$ (36,089) |
| $ (468,159) |
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| $ (468,159) | |
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NET LOSS PER SHARE: |
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Basic and Diluted | $ (0.00) |
| $ (0.00) |
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| $ (0.01) |
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WEIGHTED AVERAGE NUMBER OF SHARES: |
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Basic and diluted | 50,918,033 |
| 112,716,291 | (2) | (109,834,324) |
| 53,800,000 |
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Notes |
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(1) to remove p&l activity of Dane Exploration |
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(2) adjust shares for transaction |
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3