Attached files
| file | filename |
|---|---|
| 8-K/A - FORM 8-K/A NO. 2 - Ethos Media Network, Inc. | form8ka2_04112014.htm |
| EX-21 - LIST OF SUBSIDIARIES - Ethos Media Network, Inc. | subsidiaries.htm |
| EX-14 - CODE OF ETHICS - Ethos Media Network, Inc. | code_ofethics.htm |
| EX-99 - PRO FORMA FINANCIAL STATEMENTS - Ethos Media Network, Inc. | proforma_20130831.htm |
| EX-3 - BYLAWS - Ethos Media Network, Inc. | eyeonmedianetwork_bylaws.htm |
| EX-3 - AMENDMENT TO ARTICLES - Ethos Media Network, Inc. | articles_amendment02272014.htm |
| EX-99 - FINANCIAL STATEMENTS - Ethos Media Network, Inc. | financialstatements_08312013.htm |
| EX-3 - ARTICLES OF INCORPORATION - Ethos Media Network, Inc. | articles_electronicsignature.htm |
| EX-10 - SHARE EXCHANGE AGREEMENT - Ethos Media Network, Inc. | share_exchangeagreement01222.htm |
| EX-99 - FINANCIAL STATEMENTS - Ethos Media Network, Inc. | financialstatements_11302013.htm |
|
|
| Eye on Media Network, Inc. |
|
|
| |||||||||||
|
|
| Pro Forma Balance Sheet |
|
|
| |||||||||||
|
|
| November 30, 2013 |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
| Assets |
|
|
|
|
|
| |||||
|
|
| Eye on South Florida |
|
| Eye on Media Network |
|
| Adjustments and Eliminations |
|
| Totals | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Cash |
| $ | 37,643 |
| $ | 2,470 |
| $ | - |
| $ | 40,113 | |||||
Accounts receivable |
|
| 6,400 |
|
| - |
|
| - |
|
| 6,400 | |||||
Notes receivable |
|
| 1,000 |
|
| - |
|
| - |
|
| 1,000 | |||||
Prepaid expenses |
|
| 3,830 |
|
| - |
|
| - |
|
| 3,830 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Current assets |
|
| 48,873 |
|
| 2,470 |
|
| - |
|
| 51,343 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Property and Equipment |
|
| 1,888,016 |
|
|
|
|
| - |
|
| 1,888,016 | |||||
Other assets |
|
| - |
|
|
|
|
| - |
|
| - | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total assets |
| $ | 1,936,889 |
| $ | 2,470 |
| $ | - |
| $ | 1,939,359 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
| Liabilities and Equity |
|
|
|
|
|
| |||||
Accounts payable and accruals |
| $ | 3,067 |
| $ |
|
| $ | - |
| $ | 3,067 | |||||
Related party loan |
|
|
|
|
| 6,000 |
|
| - |
|
| 6,000 | |||||
|
|
|
|
|
|
|
|
|
|
|
| - | |||||
Current liabilities |
|
| 3,067 |
|
| 6,000 |
|
| - |
|
| 9,067 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Long-term debt |
|
| - |
|
| - |
|
| - |
|
| - | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Common stock |
|
| 2,469 |
|
| 27,690 |
|
| (2,469) |
|
| 27,690 | |||||
Additional paid in capital |
|
| 2,176,966 |
|
| (24,690) |
|
| 1,969 |
|
| 2,154,245 | |||||
Retained earnings |
|
| (245,613) |
|
| (6,530) |
|
| 500 |
|
| (251,643) | |||||
|
|
|
|
|
|
|
|
|
|
|
| - | |||||
Total equity |
|
| 1,933,822 |
|
| (3,530) |
|
| - |
|
| 1,930,292 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Total liabilities and equity |
| $ | 1,936,889 |
| $ | 2,470 |
| $ | - |
| $ | 1,939,359 | |||||
|
|
|
|
|
|
|
|
|
|
|
| - | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
| Eye on South Florida, Inc. |
|
|
| |||||||||||
|
|
| Pro Forma Income Statement |
|
|
| |||||||||||
|
|
| November 30, 2013 |
|
|
| |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
| Eye on South Florida |
|
| Eye on Media Network |
|
| Adjustments and Eliminations |
|
| Totals | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Revenues |
| $ | 16,150 |
| $ | - |
| $ | - |
| $ | 16,150 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
| |||||
Contract labor |
|
| 13,479 |
|
| - |
|
| - |
|
| 13,479 | |||||
Professional fees |
|
| 11,051 |
|
| 6,000 |
|
| - |
|
| 17,051 | |||||
General and administrative |
|
| 9,142 |
|
| 30 |
|
| - |
|
| 9,172 | |||||
Depreciation |
|
| 53,313 |
|
| - |
|
| - |
|
| 53,313 | |||||
|
|
|
|
|
|
|
|
|
|
|
| - | |||||
|
|
| 86,985 |
|
| 6,030 |
|
| - |
|
| 93,015 | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Net income (loss) |
| $ | (70,835) |
| $ | (6,030) |
| $ | - |
| $ | (76,865) | |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Notes to Pro Forma Financial Statements
The pro forma balance sheets present the balance sheet of Eye on South Florida (EOSF) as of November 30, 2013 and the balance sheet of Eye of Media Network (EOMN) after the issuance of shares to acquire EOSF as if the acquisition had occurred on the balance sheet date. At November 30, 2013 EOMN would have only issued 24,690,000 shares to acquire 100% of the outstanding shares of EOSF. At January 22, 2014, EOMN actually issued 24,725,000 shares to acquire 100% of the stock of EOSF.
On November 30, 2013, Eye on Media Network would have issued 24,690,000 shares to acquire 100% of the stock of Eye on South Florida. This stock is shown issued at the par value of EOMN since the transaction is recorded as a reverse merger. The offset to the stock issued is posted to additional paid in capital. In consolidation, the stock in EOSF that was held by EOMN was eliminated out, along with the retained deficit to date of EOMN. The difference was posted to the additional paid in capital of the combined entity. All the assets and liabilities of the combined entities survive intact.