Attached files
file | filename |
---|---|
8-K/A - AMENDMENT #1 - OMNIQ Corp. | ques_8ka.htm |
EX-16.5 - FINANCIAL STATEMENTS AND FOOTNOTES - OMNIQ Corp. | ques_ex165.htm |
Quest Solution, Inc. | ||||||||||
Pro-Forma Consolidated Balance Sheet | ||||||||||
December 31, 2012 | ||||||||||
(unaudited) | ||||||||||
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| Quest Solution, Inc. | Quest Marketing, Inc | Bar Code Specialties, Inc. | Pro-Forma | Pro-Forma | |||||
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| Adjustments | Consolidated | |||||
ASSETS |
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Current assets: |
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Cash | $ | 55 | $ | 117,366 | $ | 576,070 |
| - | $ | 693,491 |
Account receivable |
| - |
| 2,861,084 |
| 2,790,245 |
| - |
| 5,651,329 |
Inventory |
| - |
| 149,166 |
| 576,748 |
| - |
| 725,914 |
Prepaids |
| - |
| 19,592 |
| 82,226 |
| - |
| 101,818 |
Prepaids, related party |
| - |
| 645,333 |
| - |
| - |
| 645,333 |
Deferred tax asset, current |
| - |
| - |
| 57,186 |
| - |
| 57,186 |
Loan receivable, related party |
| - |
| 544,575 |
| - |
| - |
| 544,575 |
Total current assets |
| 55 |
| 4,337,116 |
| 4,082,475 |
| - |
| 8,419,646 |
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Fixed assets: |
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Total fixed assets |
| - |
| 60,308 |
| 789,485 |
| - |
| 849,793 |
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Other assets: |
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|
|
|
|
|
|
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Other assets |
| - |
| - |
| 879,774 |
| - |
| 879,774 |
Deposits |
| 950 |
| 3,450 |
| - |
| - |
| 4,400 |
Intangibles |
| - |
| 44,759 |
| 400,000 |
| - |
| 444,759 |
Total other assets |
| 950 |
| 48,209 |
| 1,279,774 |
| - |
| 1,328,933 |
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Total assets | $ | 1,005 | $ | 4,445,633 | $ | 6,151,734 | $ | - | $ | 10,598,372 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
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Accounts payable and accrued liabilities | $ | 38,087 | $ | 1,972,401 | $ | 1,471,789 | $ | - | $ | 3,482,277 |
Accounts payable - related party |
| 154,732 |
| - |
| - |
| - |
| 154,732 |
Sales tax payable |
|
|
| 126,645 |
| - |
| - |
| 126,645 |
Payroll liabilities |
| 108,000 |
| 487,707 |
| 185,348 |
| - |
| 781,055 |
Accrued Interest - related Parties |
| 36,571 |
| - |
| - |
| - |
| 36,571 |
Unearned revenue |
|
|
| 88,787 |
| 315,618 |
| - |
| 404,405 |
Line of credit & interest accrued |
| - |
| 92,199 |
| - |
| - |
| 92,199 |
Note payable, current |
| - |
| - |
| 147,267 |
| - |
| 147,267 |
Judgment payable |
| 120,000 |
| - |
| - |
| - |
| 120,000 |
Total current liabilities |
| 457,390 |
| 2,767,739 |
| 2,120,024 |
| - |
| 5,345,153 |
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Long-term liabilities |
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Long term debt |
| - |
| - |
| 652,733 |
| - |
| 652,733 |
Deferred Taxes |
| - |
| - |
| 60,455 |
| - |
| 60,455 |
Long term debt, related party |
| - |
| - |
| 2,263,370 |
| - |
| 2,263,370 |
Total liabilities |
| 457,390 |
| 2,767,739 |
| 5,096,581 |
| - |
| 8,321,710 |
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| - |
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Stockholders' equity: |
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Preferred stock; $0.001 par value; 25,000,000 shares authorized 500,000 shares outstanding as of December 31, 2012 |
| 500 |
| - |
| - |
| - |
| 500 |
Common stock; $0.001 par value; 100,000,000 shares authorized; 24,124,824 shares outstanding as of December 31, 2012 |
| 24,124 |
| 1,677,894 |
| 1,616,648 |
| (3,294,542) |
| 24,124 |
Additional paid-in capital |
| 15,441,512 |
| - |
| - |
| 2,494,542 |
| 17,936,054 |
Shareholder note receivable |
| - |
| - |
| (800,000) |
| 800,000 |
| - |
Accumulated (deficit) |
| (15,922,521) |
| - |
| 238,506 |
| - |
| (15,684,015) |
Total Stockholders' Equity |
| (456,385) |
| 1,677,894 |
| 1,055,154 |
| - |
| 2,276,663 |
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Total Liabilities and Stockholders' Equity | $ | 1,005 | $ | 4,445,633 | $ | 6,151,734 | $ | - | $ | 10,598,372 |
Quest Solution, Inc. | |||||||||||||||
Pro-Forma Consolidated Statement | |||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||
(unaudited) | |||||||||||||||
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| Quest Solution, Inc. |
| Quest Marketing, Inc |
| Bar Code Specialties, Inc. |
| Pro-Forma |
| Pro-Forma | |||||
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| Adjustments |
| Consolidated | |||||
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Revenue |
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Sales |
| $ | 1,248 |
| $ | 20,666,119 |
| $ | 21,630,372 |
| $ | - |
| $ | 42,297,739 |
Allowance and discounts |
|
| - |
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| (625,536) |
|
| - |
|
| - |
|
| (625,536) |
Net sales |
|
| 1,248 |
|
| 20,040,583 |
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| 21,630,372 |
|
| - |
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| 41,672,203 |
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Cost of sales |
|
| - |
|
| 16,168,572 |
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| 18,184,833 |
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| - |
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| 34,353,405 |
Cost of sales - related party |
|
| - |
|
| 700,333 |
|
| - |
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| - |
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| 700,333 |
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Gross profit |
|
| 1,248 |
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| 3,171,678 |
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| 3,445,538 |
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| - |
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| 6,618,464 |
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Expenses: |
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Lease operating expenses |
|
| 671 |
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| - |
|
| - |
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| - |
|
| 671 |
Depreciation and amortization |
|
| - |
|
| 109,997 |
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| 84,120 |
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| - |
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| 194,118 |
Salary and employee benefits |
|
| - |
|
| 2,584,198 |
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| 1,768,721 |
|
| - |
|
| 4,352,919 |
Professional fees |
|
| 186,326 |
|
| - |
|
| - |
|
| - |
|
| 186,326 |
General and administrative expenses |
|
| 4,635 |
|
| 822,075 |
|
| 1,508,813 |
|
| - |
|
| 2,335,524 |
Total expenses |
|
| 191,632 |
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| 3,516,271 |
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| 3,361,654 |
|
| - |
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| 7,069,557 |
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Other (income) expense |
|
| - |
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| (98,820) |
|
| (8,330) |
|
| - |
|
| (107,150) |
Provision for income taxes |
|
| - |
|
| - |
|
| (264,270) |
|
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| (264,270) |
Interest expenses, net |
|
| 980 |
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| 2,158 |
|
| 142,241 |
|
| - |
|
| 145,379 |
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|
| 980 |
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| (96,662) |
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| (130,359) |
|
| - |
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| (226,041) |
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Net income (loss) |
| $ | (191,364) |
| $ | (247,931) |
| $ | 214,243 |
| $ | - |
| $ | (225,051) |
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Discontinued Operations |
|
| - |
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| - |
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| (597,741) |
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| (597,741) |
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Net income (loss) after discontinued operations |
| $ | (191,364) |
| $ | (247,931) |
| $ | (383,497) |
| $ | - |
| $ | (822,792) |
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Weighted average number of common shares outstanding - basic |
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| 24,194,398 |
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Net loss per share - basic |
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| $ | (0.01) |
Net loss after discontinued operations per share - basic |
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| $ | (0.01) |
Quest Solution, Inc. | ||||||||||
Pro-Forma Consolidated Balance Sheet | ||||||||||
December 31, 2013 | ||||||||||
(unaudited) | ||||||||||
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| |||||
| Quest Solution, Inc. | Quest Marketing, Inc | Bar Code Specialties, Inc. | Pro-Forma | Pro-Forma | |||||
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| Adjustments | Consolidated | |||||
ASSETS |
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Current assets: |
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Cash | $ | 13,302 | $ | 1,950,121 | $ | 170,973 |
| - | $ | 2,134,396 |
Account receivable |
| 1,559 |
| 3,444,744 |
| 3,753,091 |
| - |
| 7,199,394 |
Inventory |
| - |
| 59,741 |
| 361,255 |
| - |
| 420,996 |
Prepaids |
| 76,032 |
| 39,276 |
| 57,057 |
| - |
| 172,365 |
Note receivable |
| 23,262 |
| - |
| - |
| - |
| 23,262 |
Deferred tax asset, current |
| - |
| - |
| 55,879 |
| - |
| 55,879 |
Prepaids, related party |
| - |
| 1,273,292 |
| - |
| - |
| 1,273,292 |
Loan receivable, related party |
| 78,733 |
| 688,676 |
| - |
| - |
| 767,409 |
Total current assets |
| 192,888 |
| 7,455,850 |
| 4,398,255 |
| - |
| 12,046,993 |
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Fixed assets: |
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Total fixed assets |
| - |
| 68,081 |
| 157,941 |
| - |
| 226,022 |
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Other assets: |
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Other assets |
| - |
| - |
| 774,823 |
| - |
| 774,823 |
Assets held for sale |
| - |
| - |
| 636,431 |
| - |
| 636,431 |
Deposits |
| 950 |
| 3,450 |
| - |
| - |
| 4,400 |
Intangibles |
| 2,212,400 |
| 26,246 |
| - |
| - |
| 2,238,646 |
Total other assets |
| 2,213,350 |
| 29,696 |
| 1,411,254 |
| - |
| 3,654,300 |
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Total assets | $ | 2,406,238 | $ | 7,553,627 | $ | 5,967,450 | $ | - | $ | 15,927,315 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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Current liabilities: |
|
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Accounts payable and accrued liabilities | $ | 278,010 | $ | 3,939,641 | $ | 1,953,262 | $ | - | $ | 6,170,913 |
Accounts payable - related party |
| 42,000 |
| - |
| - |
| - |
| 42,000 |
Sales tax payable |
| - |
| 217,509 |
| - |
| - |
| 217,509 |
Payroll liabilities |
| 45,000 |
| 781,343 |
| 57,102 |
| - |
| 883,445 |
Advances, related party |
| 32,442 |
| - |
| - |
| - |
| 32,442 |
Unearned revenue |
| - |
| 44,992 |
| 278,992 |
| - |
| 323,984 |
Line of credit & interest accrued |
| 97,491 |
| - |
| - |
| - |
| 97,491 |
Other liabilities, short term |
| 20,000 |
| - |
| 153,132 |
| - |
| 173,132 |
Current portion of long term convertible debt |
| 25,000 |
| - |
| - |
| - |
| 25,000 |
Total current liabilities |
| 539,943 |
| 4,983,485 |
| 2,442,488 |
| - |
| 7,965,916 |
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Long-term liabilities |
|
|
|
|
|
|
|
|
|
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Long term debt |
| 1,975,000 |
| - |
| 499,674 |
| - |
| 2,474,674 |
Deferred Taxes |
| - |
| - |
| 45,119 |
| - |
| 45,119 |
Long term debt, related party |
| - |
| - |
| 2,163,597 |
| - |
| 2,163,597 |
Total liabilities |
| 2,514,943 |
| 4,983,485 |
| 5,150,878 |
| - |
| 12,649,306 |
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Stockholders' equity: |
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Preferred stock; $0.001 par value; 25,000,000 shares authorized 3,500,000 shares outstanding as of December 31, 2013 |
| 3,500 |
| - |
| - |
| - |
| 3,500 |
Common stock; $0.001 par value; 100,000,000 shares authorized; 34,935,416 shares outstanding as of December 31, 2013 |
| 34,935 |
| 293,156 |
| 1,616,648 |
| (1,909,804) |
| 34,935 |
Unamortized stock-based compensation |
| (23,400) |
|
|
|
|
|
|
| (23,400) |
Unissued shares |
| 360 |
|
|
|
|
|
|
| 360 |
Shareholder note receivable |
| - |
| - |
| (800,000) |
| 800,000 |
| - |
Additional paid-in capital |
| 16,919,705 |
| - |
| - |
| 1,109,804 |
| 18,029,509 |
Accumulated (deficit) |
| (17,043,805) |
| 2,276,986 |
| (76) |
| - |
| (14,766,895) |
Total Stockholders' Equity |
| (108,705) |
| 2,570,142 |
| 816,572 |
| - |
| 3,278,009 |
|
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|
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Total Liabilities and Stockholders' Equity | $ | 2,406,238 | $ | 7,553,627 | $ | 5,967,450 | $ | - | $ | 15,927,315 |
Quest Solution, Inc. | |||||||||||||||
Pro-Forma Consolidated Statement | |||||||||||||||
For the Year Ended December 31, 2013 | |||||||||||||||
(unaudited) | |||||||||||||||
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| Quest Solution, Inc. |
| Quest Marketing, Inc |
| Bar Code Specialties, Inc. |
| Pro-Forma |
| Pro-Forma | |||||
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| Adjustments |
| Consolidated | |||||
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Revenue |
|
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|
|
|
|
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Sales |
| $ | 4,069 |
| $ | 33,922,760 |
| $ | 26,299,243 |
| $ | - |
| $ | 60,226,072 |
Allowance and discounts |
|
| - |
|
| (471,357) |
|
| - |
|
| - |
|
| (471,357) |
Net sales |
|
| 4,069 |
|
| 33,451,403 |
|
| 26,299,243 |
|
| - |
|
| 59,754,715 |
|
|
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|
|
|
|
|
|
|
|
|
Cost of sales |
|
| - |
|
| 27,716,990 |
|
| 21,448,916 |
|
| - |
|
| 49,165,906 |
Cost of sales - related party |
|
| - |
|
| 914,542 |
|
| - |
|
| - |
|
| 914,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
|
| 4,069 |
|
| 4,819,871 |
|
| 4,850,327 |
|
| - |
|
| 9,674,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating expenses |
|
| 366 |
|
| - |
|
| - |
|
| - |
|
| 366 |
Depreciation and amortization |
|
| - |
|
| 49,506 |
|
| 69,713 |
|
| - |
|
| 119,219 |
Salary and employee benefits |
|
| 274,375 |
|
| 2,849,280 |
|
| 2,063,489 |
|
| - |
|
| 5,187,144 |
Professional fees |
|
| 710,374 |
|
| - |
|
| - |
|
| - |
|
| 710,374 |
General and administrative expenses |
|
| 11,397 |
|
| 966,056 |
|
| 1,627,626 |
|
| - |
|
| 2,605,079 |
Total expenses |
|
| 996,512 |
|
| 3,864,842 |
|
| 3,760,828 |
|
| - |
|
| 8,622,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (income) expense |
|
| - |
|
| (163,588) |
|
| 58,014 |
|
| - |
|
| (105,574) |
Gain on debt settlement |
|
| (133,593) |
|
| - |
|
| - |
|
| - |
|
| (133,593) |
Interest income |
|
| (16,266) |
|
| - |
|
| - |
|
| - |
|
| (16,266) |
Provision for income taxes |
|
| - |
|
| - |
|
| 117,775 |
|
| - |
|
| 117,775 |
Interest expenses, net |
|
| 278,700 |
|
| 1,762 |
|
| 170,176 |
|
| - |
|
| 450,638 |
Total other (income) expense |
|
| 128,841 |
|
| (161,826) |
|
| 345,965 |
|
| - |
|
| 312,980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
| $ | (1,121,284) |
| $ | 1,116,855 |
| $ | 743,534 |
| $ | - |
| $ | 739,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discontinued Operations |
|
| - |
|
| - |
|
| (982,116) |
|
| - |
|
| (982,116) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) after discontinued operations |
| $ | (1,121,284) |
| $ | 1,116,855 |
| $ | (238,582) |
| $ | - |
| $ | (243,011) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding - basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 26,396,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share - basic |
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 0.03 |
Net income per share - diluted |
|
|
|
|
|
|
|
|
|
|
|
|
| $ | 0.03 |
Net loss after discontinued operations per share - basic |
|
|
|
|
|
|
|
|
|
|
|
|
| $ | (0.01) |
Quest Solution, Inc. | ||||||||
Pro-Forma Balance Sheet | ||||||||
September 30, 2014 | ||||||||
(unaudited) | ||||||||
|
|
|
|
| ||||
|
|
|
|
| ||||
| Quest Solution, Inc. | Bar Code Specialties, Inc. | Pro-Forma | Pro-Forma | ||||
|
|
| Adjustments | Consolidated | ||||
ASSETS |
|
|
|
| ||||
Current assets: |
|
|
|
| ||||
Cash | $ | 1,584,699 | $ | 655,845 | $ | - | $ | 2,240,544 |
Account receivable |
| 4,505,617 |
| 4,151,628 |
| - |
| 8,657,245 |
Inventory |
| 63,552 |
| 1,676,627 |
| - |
| 1,740,179 |
Prepaids |
| 289,590 |
| 55,199 |
| - |
| 344,789 |
Prepaid related party |
| 231,508 |
| - |
| - |
| 231,508 |
Loan receivable |
| 500 |
| 1,014,099 |
| - |
| 1,014,599 |
Total current assets |
| 6,675,466 |
| 7,553,398 |
| - |
| 14,228,864 |
|
|
|
|
|
|
|
|
|
Fixed assets: |
|
|
|
|
|
|
|
|
Total fixed assets |
| 69,530 |
| 102,955 |
| - |
| 172,485 |
|
|
|
|
|
|
|
|
|
Other assets: |
|
|
|
|
|
|
|
|
Other assets |
| - |
| 254,363 |
| - |
| 254,363 |
Assets held for sale |
| - |
| 659,422 |
| - |
| 659,422 |
Deposits |
| 4,400 |
| - |
| - |
| 4,400 |
Goodwill |
| 14,691,372 |
| - |
| - |
| 14,691,372 |
Intangibles |
| 469,214 |
| - |
| - |
| 469,214 |
Total other assets |
| 15,164,986 |
| 913,785 |
| - |
| 16,078,771 |
|
|
|
|
|
|
|
|
|
Total assets | $ | 21,909,982 | $ | 8,570,138 | $ | - | $ | 30,480,120 |
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities | $ | 4,949,817 | $ | 2,443,293 | $ | - | $ | 7,393,110 |
Accounts payable - related party |
| 15,678 |
| - |
| - |
| 15,678 |
Deferred revenue |
| - |
| 2,313,538 |
| - |
| 2,313,538 |
Payroll liabilities |
| 413,670 |
| 391,456 |
| - |
| 805,126 |
Accrued payroll, related party |
| 180,000 |
| - |
| - |
| 180,000 |
Advances, related party |
| 101,456 |
| - |
| - |
| 101,456 |
Loan payable |
| 10,000 |
| 153,132 |
| - |
| 163,132 |
Line of credit & interest accrued |
| - |
| 75,000 |
| - |
| 75,000 |
Other liabilities |
| 755,344 |
| - |
| - |
| 755,344 |
Note payable, related party |
| 834,960 |
| - |
| - |
| 834,960 |
Current portion of long-term debt |
| 3,155,250 |
| - |
| - |
| 3,155,250 |
Total current liabilities |
| 10,416,175 |
| 5,376,419 |
| - |
| 15,792,594 |
|
|
|
|
|
|
|
|
|
Long-term liabilities |
|
|
|
|
|
|
|
|
Long term debt |
| - |
| 385,519 |
| - |
| 385,519 |
Deferred Taxes |
| - |
| 29,783 |
| - |
| 29,783 |
Long term debt, related party |
| 11,251,000 |
| 2,028,700 |
| - |
| 13,279,700 |
Total liabilities |
| 21,667,175 |
| 7,820,421 |
| - |
| 29,487,596 |
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
Preferred stock; $0.001 par value; 25,000,000 shares authorized 500,000 shares outstanding as of September 30, 2014 |
| 500 |
| - |
| - |
| 500 |
Common stock; $0.001 par value; 100,000,000 shares authorized; 33,460,416 shares outstanding of September 30, 2014 |
| 33,460 |
| - |
| - |
| 33,460 |
Common stock-authorized and unissued; 755,592 shares and no shares as of September 30, 2013 |
| - |
| 1,616,648 |
| (1,616,648) |
| - |
Shareholder note receivable |
|
|
| (800,000) |
| 800,000 |
| - |
Additional paid-in capital |
| 17,205,649 |
| - |
| 816,648 |
| 18,022,297 |
Accumulated (deficit) |
| (16,996,802) |
| (66,931) |
| - |
| (17,063,733) |
Total Stockholders' Equity |
| 242,807 |
| 749,717 |
| - |
| 992,524 |
|
|
|
|
|
|
|
|
|
Total Liabilities and Stockholders' Equity | $ | 21,909,982 | $ | 8,570,138 | $ | - | $ | 30,480,120 |
Quest Solution, Inc. | ||||||||
Pro-Forma Consolidated Statement | ||||||||
For the Nine Months Ended September 30, 2014 | ||||||||
(unaudited) | ||||||||
|
|
|
|
| ||||
|
|
|
|
| ||||
| Quest Solution, Inc. | Bar Code Specialties, Inc. | Pro-Forma | Pro-Forma | ||||
|
|
| Adjustments | Consolidated | ||||
|
|
|
|
| ||||
Revenue |
|
|
|
| ||||
Sales | $ | 26,140,868 | $ | 17,790,981 | $ | - | $ | 43,931,849 |
Net sales |
| 26,140,868 |
| 17,790,981 |
| - |
| 43,931,849 |
|
|
|
|
|
|
|
|
|
Cost of sales, related party |
| 1,041,784 |
| - |
| - |
| 1,041,784 |
Cost of sales |
| 20,086,597 |
| 14,148,181 |
| - |
| 34,234,778 |
|
|
|
|
|
|
|
|
|
Gross profit |
| 5,012,487 |
| 3,642,800 |
| - |
| 8,655,287 |
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
|
|
Lease operating expenses |
| - |
| - |
| - |
| - |
Depreciation and amortization |
| 17,889 |
| 30,893 |
| - |
| 48,782 |
Consulting expenses |
| 84,215 |
| - |
| - |
| 84,215 |
Salary and employee benefits |
| 3,895,458 |
| 1,437,973 |
| - |
| 5,333,431 |
Taxes |
| - |
| 25,722 |
| - |
| - |
Professional fees |
| 377,769 |
| - |
| - |
| 377,769 |
General and administrative expenses |
| 723,447 |
| 1,635,281 |
| - |
| 2,358,728 |
Total expenses |
| 5,098,778 |
| 3,129,869 |
| - |
| 8,202,925 |
|
|
|
|
|
|
|
|
|
Other (income) expenses: |
|
|
|
|
|
|
|
|
(Gain) on settlement of debt |
| (181,948) |
| - |
| - |
| (181,948) |
Other income |
| (65,294) |
| (1,074) |
| - |
| (66,368) |
Loss on license settlement |
| 93,578 |
| - |
| - |
| 93,578 |
Loss on note receivable settlement |
| 18,995 |
| - |
| - |
| 18,995 |
Other expenses |
| - |
| 462,101 |
| - |
| 462,101 |
Interest expenses, net |
| 1,375 |
| 118,911 |
| - |
| 120,286 |
Total other (income) expenses |
| (133,294) |
| 579,938 |
| - |
| 446,644 |
|
|
|
|
|
|
|
|
|
Net income (loss) | $ | 47,003 | $ | (67,007) | $ | - | $ | 5,718 |
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding - basic |
|
|
|
|
|
|
| 33,334,616 |
Weighted average number of common shares outstanding - diluted |
|
|
|
|
|
|
| 40,061,030 |
|
|
|
|
|
|
|
|
|
Net income per share - basic |
|
|
|
|
|
| $ | 0.00 |
Net income per share - diluted |
|
|
|
|
|
| $ | 0.00 |