Attached files
| file | filename |
|---|---|
| EX-99.4 - NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS - VERITEQ | f8k051116a1ex99iv_veriteq.htm |
| EX-99.2 - CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015 (UNAUDITED) - VERITEQ | f8k051116a1ex99ii_veriteq.htm |
| EX-99.1 - CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2016 (UNAUDITED) AND DECEMBER 31, 2015 - VERITEQ | f8k051116a1ex99i_veriteq.htm |
| 8-K/A - AMENDMENT NO.1 TO CURRENT REPORT - VERITEQ | f8k051116a1_veriteqcorp.htm |
Exhibit 99.3
| BRACE SHOP, LLC | ||||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
| (UNAUDITED) | ||||||||
| For the Three Months Ended March 31, | ||||||||
| 2016 | 2015 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net Loss | $ | (509,979 | ) | $ | (59,900 | ) | ||
| Adjustments to Reconcile Net Loss to Net Cash | ||||||||
| Used in Operating Activities: | ||||||||
| Depreciation | 7,139 | 7,571 | ||||||
| Amortization of Deferred Loan Costs | 173 | 174 | ||||||
| Amortization of Debt Discount | 33,071 | - | ||||||
| Accretion of Premium on Convertible Note Payable | 160,000 | - | ||||||
| Gain on Extinguishment of Debt | (8,963 | ) | - | |||||
| Changes in Operating Assets and Liabilities: | ||||||||
| Inventory | 7,102 | (45,651 | ) | |||||
| Accounts Receivable | 7,933 | 45,353 | ||||||
| Other Current Assets | (17,427 | ) | (18,000 | ) | ||||
| Accounts Payable | 37,882 | (87,513 | ) | |||||
| Sales Returns Reserve | 4,009 | (49,751 | ) | |||||
| Accrued Expenses | (8,393 | ) | (36,742 | ) | ||||
| Guarantee Liabilities | 147,059 | - | ||||||
| Deferred revenue | ||||||||
| Net Cash Used in Operating Activities | (140,394 | ) | (244,459 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of leasehold improvements | ||||||||
| Purchase of Property and Equipment | - | - | ||||||
| Purchase of Software | - | - | ||||||
| Net Cash Used in Investing Activities | - | - | ||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Repayments of note payable | ||||||||
| Proceeds from Line of Credit | - | 65,000 | ||||||
| Proceeds from Note Payable | - | 300,000 | ||||||
| Proceeds from Convertible Note Payable | 240,000 | - | ||||||
| Proceeds from Loans | - | - | ||||||
| Repayment of Notes Payable | (240,359 | ) | (14,449 | ) | ||||
| Proceeds from Related Party Loans | 125,000 | - | ||||||
| Repayment of Mortgage Notes | (8,082 | ) | (7,860 | ) | ||||
| Net Cash Provided by Financing Activities | 116,559 | 342,691 | ||||||
| Net Increase (Decrease) in Cash | (23,835 | ) | 98,232 | |||||
| Cash - Beginning of Period | 69,169 | 5,561 | ||||||
| Cash - End of Period | $ | 45,334 | $ | 103,793 | ||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||||
| Cash paid during the year for: | ||||||||
| Interest | $ | 16,955 | $ | 12,328 | ||||
| Income Taxes | $ | - | $ | - | ||||
| SUPPLEMENTAL DISCLOSURE OF NON-CASH | ||||||||
| INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Debt Discount Recorded on Notes Payable | $ | - | $ | 24,000 | ||||
See accompanying notes to unaudited consolidated financial statements.