Attached files
file | filename |
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8-K - 8-K - American Metals Recovery & Recycling Inc. | v374612_8k.htm |
EX-99.1 - EX-99.1 - American Metals Recovery & Recycling Inc. | v374612_ex99-1.htm |
EX-2.1 - EX-2.1 - American Metals Recovery & Recycling Inc. | v374612_ex2-1.htm |
EX-99.3 - EX-99.3 - American Metals Recovery & Recycling Inc. | v374612_ex99-3.htm |
EX-2.2 - EX-2.2 - American Metals Recovery & Recycling Inc. | v374612_ex2-2.htm |
PREMIER OIL FIELD SERVICES, INC. |
Proforma Consolidated Balance Sheet |
December 31, 2013 |
Premier | Perfect | Adjusted | ||||||||||||||||||||
Oil Field | Metals | Combined | Pro Forma | Pro Forma | ||||||||||||||||||
Services, Inc. | USA | Totals | Adjustments | REF | Totals | |||||||||||||||||
ASSETS | ||||||||||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||||
Cash | $ | 17,088 | $ | 136,766 | $ | 153,854 | $ | (17,088 | ) | [3] | $ | 136,766 | ||||||||||
Accounts receivable, net | - | 23,858 | 23,858 | - | 23,858 | |||||||||||||||||
Inventory | - | 93,373 | 93,373 | - | 93,373 | |||||||||||||||||
Other current assets | - | 51,187 | 51,187 | - | 51,187 | |||||||||||||||||
Total Current Assets | 17,088 | 305,184 | 322,272 | (17,088 | ) | 305,184 | ||||||||||||||||
PROPERTY AND EQUIPMENT, net | 55,598 | 464,696 | 520,294 | (55,598 | ) | [3] | 464,696 | |||||||||||||||
TOTAL ASSETS | $ | 72,686 | $ | 769,880 | $ | 842,566 | $ | (72,686 | ) | $ | 769,880 | |||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||||
Accounts payable and accrued expenses | $ | 41,358 | $ | 127,963 | $ | 169,321 | $ | (41,358 | ) | [3] | $ | 127,963 | ||||||||||
Loans and notes payable-related parties | - | 276,485 | 276,485 | - | 276,485 | |||||||||||||||||
Related party payables | - | 137,550 | 137,550 | - | 137,550 | |||||||||||||||||
Current portion of notes payable | 10,714 | 372,609 | 383,323 | (10,714 | ) | [3] | 372,609 | |||||||||||||||
Total Current Liabilities | 52,072 | 914,607 | 966,679 | (52,072 | ) | 914,607 | ||||||||||||||||
LONG TERM LIABILITIES | ||||||||||||||||||||||
Notes payable | 32,513 | - | 32,513 | (32,513 | ) | [3] | - | |||||||||||||||
Long term liabilities | 32,513 | - | 32,513 | (32,513 | ) | - | ||||||||||||||||
TOTAL LIABILITIES | 84,585 | 914,607 | 999,192 | (84,585 | ) | 914,607 | ||||||||||||||||
STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||||||||||||||||
Preferred stock | - | - | - | - | - | |||||||||||||||||
Common stock | 7,346 | 20,000 | 27,346 | 9,000 | [1] | 10,096 | ||||||||||||||||
(20,000 | ) | [2] | - | |||||||||||||||||||
(6,250 | ) | [3] | ||||||||||||||||||||
Additional paid-in capital | 277,862 | 5,671 | 283,533 | (9,000 | ) | [1] | 15,575 | |||||||||||||||
20,000 | [2] | |||||||||||||||||||||
- | - | - | 18,149 | [3] | ||||||||||||||||||
(297,107 | ) | [4] | ||||||||||||||||||||
Retained earnings (deficit) | (297,107 | ) | (170,398 | ) | (467,505 | ) | 297,107 | [4] | (170,398 | ) | ||||||||||||
- | ||||||||||||||||||||||
Total Stockholders' Equity (Deficit) | (11,899 | ) | (144,727 | ) | (156,626 | ) | 11,899 | (144,727 | ) | |||||||||||||
TOTAL LIABILITIES AND | ||||||||||||||||||||||
STOCKHOLDERS' EQUITY (DEFICIT) | $ | 72,686 | $ | 769,880 | $ | 842,566 | $ | (72,686 | ) | $ | 769,880 |
PRO FORMA ADJUSTMENTS | ||||||||
Common Stock | 9,000 | [1] | Record issuance of 9,000,000 for Perfect Metals | |||||
Additional Paid-in Capital | 9,000 | [1] | Record issuance of 9,000,000 for Perfect Metals | |||||
Common Stock | 20,000 | [2] | To eliminate common stock of Perfect Metals | |||||
Additional Paid-in Capital | 20,000 | [2] | To eliminate common stock of Perfect Metals | |||||
Common Stock | 6,250 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Cash | 17,088 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Property and Equipment | 55,598 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Accounts Payable and Accrued Expenses | 41,358 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Notes Payable | 43,227 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Additional Paid-in Capital | 18,149 | [3] | Record cancellation of 6,350,000 for spinout of Premier Oil Field | |||||
Additional Paid-in Capital | 297,107 | [4] | To eliminate retained earnings of Premier Oil Field | |||||
Retained Earnings | 297,107 | [4] | To eliminate retained earnings of Premier Oil Field | |||||
416,942 | 416,942 |
PREMIER OIL FIELD SERVICES, INC. | ||||||||||||||||||||||||||
Proforma Consolidated Statements of Operations | ||||||||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||||||||
Pro-Forma | ||||||||||||||||||||||
Premier Oil | Perfect | Adjusted | ||||||||||||||||||||
Field | Metals | Combined | Pro Forma | Combined | ||||||||||||||||||
Services, Inc. | USA | Totals | Adjustments | REF | Totals | |||||||||||||||||
REVENUES | $ | 652,450 | $ | 3,304,660 | $ | 3,957,110 | $ | - | $ | 3,957,110 | ||||||||||||
COST OF SALES | 471,095 | 2,149,380 | 2,620,475 | - | 2,620,475 | |||||||||||||||||
GROSS PROFIT | 181,355 | 1,155,280 | 1,336,635 | - | 1,336,635 | |||||||||||||||||
OPERATING EXPENSES | ||||||||||||||||||||||
General and administrative | 336,561 | 1,169,414 | 1,505,975 | - | 1,505,975 | |||||||||||||||||
Depreciation and amortization expense | 51,999 | 124,583 | 176,582 | - | 176,582 | |||||||||||||||||
Total Costs and Expenses | 388,560 | 1,293,997 | 1,682,557 | - | 1,682,557 | |||||||||||||||||
OPERATING LOSS | (207,205 | ) | (138,717 | ) | (345,922 | ) | - | (345,922 | ) | |||||||||||||
OTHER INCOME (EXPENSE) | ||||||||||||||||||||||
Gain on sale of assets | 12,974 | 2,143 | 15,117 | - | 15,117 | |||||||||||||||||
Other income | 16 | - | 16 | - | 16 | |||||||||||||||||
Other expense | (8,849 | ) | (29,133 | ) | (37,982 | ) | - | (37,982 | ) | |||||||||||||
Total Other Income (Expense) | 4,141 | (26,990 | ) | (22,849 | ) | - | (22,849 | ) | ||||||||||||||
LOSS BEFORE INCOME TAXES | (203,064 | ) | (165,707 | ) | (368,771 | ) | - | (368,771 | ) | |||||||||||||
PROVISION FOR INCOME TAXES | - | - | - | - | - | |||||||||||||||||
NET LOSS | $ | (203,064 | ) | $ | (165,707 | ) | $ | (368,771 | ) | $ | - | $ | (368,771 | ) |