Attached files
| file | filename |
|---|---|
| EX-99.4 - NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - VERITEQ | f8k051116a1ex99iv_veriteq.htm |
| EX-99.3 - CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015 (UNAUDITED) - VERITEQ | f8k051116a1ex99iii_veriteq.htm |
| EX-99.2 - CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015 (UNAUDITED) - VERITEQ | f8k051116a1ex99ii_veriteq.htm |
| 8-K/A - AMENDMENT NO.1 TO CURRENT REPORT - VERITEQ | f8k051116a1_veriteqcorp.htm |
Exhibit 99.1
| BRACE SHOP, LLC | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| March 31, | December 31, | |||||||
| 2016 | 2015 | |||||||
| (UNAUDITED) | ||||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash | $ | 45,334 | $ | 69,169 | ||||
| Accounts Receivable | 12,857 | 20,790 | ||||||
| Inventories | 294,781 | 301,883 | ||||||
| Other Current Assets | 17,427 | - | ||||||
| Total Current Assets | 370,399 | 391,842 | ||||||
| Property and Equipment, net | 12,585 | 13,468 | ||||||
| Office Building and Building Improvements, net | 882,590 | 888,846 | ||||||
| Total Assets | $ | 1,265,574 | $ | 1,294,156 | ||||
| LIABILITIES AND MEMBER'S DEFICIT | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Accounts Payable | $ | 1,564,191 | $ | 1,526,309 | ||||
| Accrued Expenses | 23,279 | 31,672 | ||||||
| Sales Returns Reserve | 37,954 | 33,945 | ||||||
| Mortgage Notes Payable, current portion | 33,019 | 32,654 | ||||||
| Line of Credit | 349,000 | 349,000 | ||||||
| Notes Payable, net of debt discount of $0 and $33,071 respectively | - | 216,251 | ||||||
| Convertible Notes Payable, current portion including premium of $106,667 and $0 respectively | 266,667 | - | ||||||
| Related Parties Loans Payable | 121,500 | 121,500 | ||||||
| Related Party Notes Payable | 250,000 | 125,000 | ||||||
| Guarantee Liabilities | 294,117 | 147,058 | ||||||
| Total Current Liabilities | 2,939,727 | 2,583,389 | ||||||
| Mortgage Notes Payable, net of current portion and discount | 742,714 | 750,988 | ||||||
| Convertible Notes Payable, including premium of $53,333 and $0 respectively net of current portion | 133,333 | - | ||||||
| Total Liabilities | 3,815,774 | 3,334,377 | ||||||
| Commitments and Contingencies (Note 11) | ||||||||
| Total Member's Deficit | (2,550,200 | ) | (2,040,221 | ) | ||||
| Total Liabilities and Member's Deficit | $ | 1,265,574 | $ | 1,294,156 | ||||
See accompanying notes to unaudited consolidated financial statements.