Go-Page Corp - FORM 8-K - EX-99.5 - PROFORMA FINANCIAL STATEMENTS MARCH 31, 2014 - June 13, 2014

Attached files

file filename
8-K - 8-K - Go-Page Corpform8k.htm
EX-99.4 - UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL QUARTER ENDED MARCH 31, 2014. - Go-Page Corpex994.htm
EX-10.2 - LICENSE GRANT BETWEEN THE COMPANY AND PSITECH CORPORATION., DATED JUNE 9, 2014 - Go-Page Corpex102.htm
EX-10.5 - INDEMNIFICATION AGREEMENT BETWEEN THE COMPANY AND DEREK WARD - Go-Page Corpex105.htm
EX-10.6 - INDEMNIFICATION AGREEMENT BETWEEN THE COMPANY AND ANTHONY JACKSON - Go-Page Corpex106.htm
EX-10.1 - TRANSFER OF LICENSE BETWEEN GO-PAGE CORPORATION AND PSITECH CORPORATION DATED JUNE 9, 2014 - Go-Page Corpex101.htm
EX-99.3 - UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL QUARTER ENDED DECEMBER 31, 2013. - Go-Page Corpex993.htm
EX-10.4 - INDEMNIFICATION AGREEMENT BETWEEN THE COMPANY AND STEWART IRVINE - Go-Page Corpex104.htm
EX-99.2 - UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL QUARTER ENDED SEPTEMBER 30, 2013. - Go-Page Corpex992.htm
EX-10.3 - INDEMNIFICATION AGREEMENT BETWEEN THE COMPANY AND PETER SCHULHOF - Go-Page Corpex103.htm
EX-99.1 - AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL YEARS ENDED JUNE 30, 2013AND JUNE 30, 2012. - Go-Page Corpex991.htm
 


Go-Page Corporation formerly known as Empirical Ventures, Inc.

Pro forma financial information

As at March 31, 2014
 

 
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Go-Page Corporation formerly known as Empirical Ventures, Inc.
Unaudited Pro Forma Balance Sheet
As at March 31, 2014
 
         
Reverse Split
  
Acquisition Adjustments
    
Pro-Forma
  
ASSETS
                          
Current assets
                          
  Cash
$
102,957
    $    
$
      
$
-
  
                           
  Total  Current Assets
  
102,957
                  
-
  
                           
License Agreements
  
         100,000
          
20,000
(a)
    
20,000
  
TOTAL ASSETS
$
202,957
    $    
$
20,000
    
$
20,000
  
                           
LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT
  
 
                      
Current liabilities
                          
  Accounts payable and accrued liabilities
$
558,866
        
$
      
$
    
                           
  Total current liabilities
  
558,866
                      
                           
Stockholders' Equity (Deficit)
                          
Common stock, $0.001 par value, authorized 100,000,000 shares, 273,924 shares issued
and outstanding pre-acquisition, authorized, 200,000,000 shares, 20,273,924 shares issued And outstanding post-acquisition
  
9,587
                      
  Additional paid-in capital
  
63,713
                      
  Deficit accumulated during the Development Stage
  
(429,209
 )                    
                           
Total stockholders' equity (deficit)
  
(355,909
 )                
20,000
  
                           
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
$
-
        
$
      
$
20,000
  
                           
 
PRO FORMA ADJUSTMENT
(a)           Adjustment to License Agreements 20,000,000 Go-Page Corporation formerly known as Empirical Ventures, Inc. Inc. common shares, at a consideration price of $20,000 .
 

 
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Go-Page Corporation formerly known as Empirical Ventures, Inc.
  
Unaudited Pro Forma Statement of Operations
  
For the Nine Month Period ended March 31, 2014
  
   
Go-Page
    
Adjustments
    
Pro Forma
  
Revenue
   $ 0     $ 0     $ 0  
                         
Expenses
                        
  General and administrative
     256,293       -       256,293  
  
                        
Total expenses
     256,293       -       256,293  
                         
Net loss for period
   $ (256,293 )   $ -     $ (256,293 )
                         

 
 
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Go-Page Corporation formerly known as Empirical Ventures, Inc.
Adjustments Pro Forma
Notes to Unaudited Pro Forma Balance Sheet

NOTE 1 – BASIS OF PRESENTATION

The unaudited pro forma consolidated balance sheet as of March 31, 2014 (Go-Page Corporation formerly known as Empirical Ventures, Inc.) was based on the unaudited balance sheet of Go-Page Corporation formerly known as Empirical Ventures, Inc., as of March 31, 2014 combined with pro forma adjustments to give effect to the License Agreement as if it occurred on the respective dates. These unaudited pro forma financial statements are provided for illustrative purposes and do not purport to represent what the Company’s financial position would have been if such transaction had occurred on the above mentioned date. These statements were prepared based onaccounting principles generally accepted in the United States. The use of estimates is required and actual results could differ from the estimatesused. The Company believes the assumptions used provide a reasonable basis for presenting the significant effects directly attributable to theacquisition.

NOTE 2 – ACQUISITION OF LICENSE

On February 11, 2014, the Company entered into an exclusive license agreement with PsiTech Corporation and on March 6, 2014 and March 27, 2014 the License Agreement was subsequently amended for the use of Psitech's proprietary Mobile Marketing Platform called Go-Page, in North America.  In consideration of the licenses granted and other undertakings by Licensor hereunder, Licensee shall pay Licensor a License Fee in the amount of two hundred thousand dollars ($200,000) and 20,000,000 post reverse split restricted common shares  (“License Fee”).  The License Fee shall be due and payable as follows: $50,000 upon signing the Memorandum of Understanding (“MOU”) between the Parties (provided, however, that Licensor hereby acknowledges receipt of this portion of the License Fee);$50,000 upon signing of this Agreement; and $100,000 on or before September 30, 2014,. To date, we have paid $100,000 of these obligations.
 
 
 
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