Attached files
| file | filename |
|---|---|
| S-1/A - AMENDMENT TO FORM S-1 - Atlantica Seafoods Company, Inc. | asci-s1a_042115.htm |
| EX-5.1 - CONSENT OF BART AND ASSOCIATES, LLC - Atlantica Seafoods Company, Inc. | ex5-1.htm |
| EX-23.1 - CONSENT OF HARTLEY MOORE - Atlantica Seafoods Company, Inc. | ex23-1.htm |
Atalntica Seafoods Company, Inc. S-1/A
EXHIBIT 99.2
| ATLANTICA SEAFOODS COMPANY, INC. PROFORMA STATEMENT | ||||||||||||||||||||
Atlantica Seafoods Company, Inc. June 30, 2014 | Silver Stream Seafood LLC March 31, 2014 | Total | Pro forma adjustments | Pro forma | ||||||||||||||||
| Commissions | $ | — | $ | 59,618 | $ | 59,618 | $ | — | $ | 59,618 | ||||||||||
| Total commissions | — | 59,618 | 59,618 | — | 59,618 | |||||||||||||||
| Operating Expenses | ||||||||||||||||||||
| Selling, general and administrative expenses | 447 | 11,085 | 11,532 | — | 11,532 | |||||||||||||||
| Total operating expenses | 447 | 11,085 | 11,532 | — | 11,532 | |||||||||||||||
| Net operating income | (447 | ) | 48,533 | 48,086 | — | 48,086 | ||||||||||||||
| Other income | ||||||||||||||||||||
| Other income | — | 50 | 50 | — | 50 | |||||||||||||||
| Total other income | — | 50 | — | — | 50 | |||||||||||||||
| Income before income taxes | (447 | ) | 48,583 | 48,136 | — | 48,136 | ||||||||||||||
| Income taxes | — | — | — | — | — | |||||||||||||||
| Net loss | $ | (447 | ) | $ | 48,583 | $ | 48,136 | $ | — | $ | 48,136 | |||||||||
| Loss per share: | ||||||||||||||||||||
| Basic and diluted loss per share from continuing operations | $ | (0.00 | ) | $ | — | $ | (0.00 | ) | $ | — | $ | (0.00 | ) | |||||||
| Basic and diluted loss per share | $ | (0.00 | ) | $ | — | $ | (0.00 | ) | $ | — | $ | (0.00 | ) | |||||||
| Basic and diluted weighted average shares outstanding | 76,110,000 | — | 76,110,000 | 2,229,508 | 78,339,508 | |||||||||||||||
Notes:
A pro forma balance sheet has not been presented as the acquisition of Silver Stream was consummated on May 27, 2014 and a pro forma balance sheet would report the same balances as reported in the Company’s Consolidated Balance Sheet at June 30, 2014.
The following adjustments to the unaudited condensed combined pro forma financial statements are based on the assumption that the acquisition was consummated on May 27, 2014.
(a) On May 27, 2014, the Company completed the acquisition and obtained control of Silver Stream Seafood LLC., a closely-held Michigan corporation. Pursuant to the terms and conditions of the Stock Transfer and Purchase Agreement, the Company issued the sole selling shareholder of Silver Stream 4,000,000 shares of the Company’s common stock, valued at $1,000,000 based on the future selling price of the Company’s public offering of $0.25 per share.