Exhibit 99.2

Yummy Flies, Inc.,

and Pura Naturals, Inc.

Pro Forma Consolidated Financial Statements

(unaudited)

	Page
Pro Forma Consolidated Financial Statements:
Pro Forma Consolidated Balance Sheet
as of June 30, 2016 (unaudited)	2
Pro Forma Consolidated Statements of Operations
for the six months ended June 30, 2016 unaudited)	3
Pro Forma Consolidated Statements of Operations
for the year ended December 31, 2015 (unaudited)	4
Notes to Pro Forma Consolidated Financial Statements (unaudited)	5

 

YUMMY FLIES, INC.
PURA NATURALS, INC.
PRO FORMA CONSOLIDATED BALANCE SHEET
AS OF JUNE 30, 2016
(UNAUDITED)
		Yummy				Pura			Pro forma								Pro forma
		Flies				Naturals			Adjustments								Consolidated
		(historical)				(historical)
ASSETS
Current Assets:
Cash		$	714			$	10,779										$	11,493
Accounts receivable							111,419											111,419
Due from related parties							27,088											27,088
Prepaid expenses and other current assets							11,151											11,151
Total current assets			714				160,437				-							161,151
Intangible assets							4,550											4,550
TOTAL ASSETS		$	714			$	164,987			$	-						$	165,701
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable		$	20,040			$	164,153										$	184,193
Accrued expenses							34,502											34,502
Due to related parties							71,434											71,434
Deferred income							56,788											56,788
Convertible note payable, net of discount of $173,585							26,415											26,415
Total current liabilities			20,040				353,292				-							373,332
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value, 100,000,000 shares authorized			10,278				15,015				(8,289	)			a			8,256
											(8,748	)			b
Additional paid-in capital			149,721				957,302				8,289				a			944,735
											8,748				b
											(179,325	)			c
Accumulated deficit			(179,325	)			(1,160,622	)			179,325				c			(1,160,622	)
Total stockholders' deficit			(19,326	)			(188,305	)			-							(207,631	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	714			$	164,987			$	-						$	165,701

See accompanying notes to pro forma consolidated financial statements

 

 

 

See accompanying notes to pro forma consolidated financial statements

 

 

 

 

See accompanying notes to pro forma consolidated financial statements

 

 

 

Yummy Flies, Inc.,

and Pura Naturals, Inc.

Notes to Pro form Consolidated Financial Statements

NOTE 1 - BASIS OF PRESENTATION

Effective July 18, 2016 (the "Closing Date"), Yummy Flies, Inc. (the "Company" or "Yummy") entered into that certain Share Exchange Agreement (the "Share Exchange Agreement") by and among the Company, Pura Naturals, Inc., a Delaware corporation ("Pura") and certain shareholders of Pura (the "Pura Shareholders").  Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding common and preferred stock of Pura held by the PURA Shareholders for shares of common stock of the Company on approximately a 1:2.4 basis.  At the Closing Date, Robert Lee, the holder of 8,289,000 shares of the Company's common stock, agreed to cancelation of such shares.  Also on the Closing Date, the Company issued approximately 6,267,000 shares of common stock to the Pura shareholders.   As a result of the share exchange agreement and the other transactions contemplated thereunder, Pura is now a majority owned subsidiary of the Company

The accompanying pro forma consolidated balance sheet presents the accounts of Yummy and Pura as if the Merger occurred June 30, 2016.  The accompanying pro forma consolidated statement of operations presents the accounts of Yummy and Pura for the six months ended June 30, 2016, and the years ended December 31, 2015 as if the Merger occurred on January 1, 2015.

The following adjustments would be required if the acquisition occurred as indicated above:

a)

To record the cancellation of 8,289,000 shares of the Company's $0.001 par value common stock owned by Robert Lee.

b)

To record the exchange of 15,015,000 shares of Pura $0.001 par value common stock for 6,267,000 shares of the Company's $0.001 par value common stock. The adjustment of $8,748 is the par value of the 6,267,000 shares of the Company's common stock ($6,267) less the elimination of the 15,015,000 shares of Pura's common stock ($15,015).

c) To record the removal of the accumulated deficit of Yummy as the transaction is recorded as a reverse merger.  The exchange of shares with Pura was accounted for as a reverse acquisition under the purchase method of accounting since Pura obtained control of Yummy. Accordingly, the merger of Pura into Yummy was recorded as a recapitalization of Pura, Pura being treated as the continuing entity.

The unaudited consolidated pro forma financial information is presented for informational purposes only and is subject to a number of uncertainties and assumptions and do not purport to represent what the company's actual performance or financial position would have been had the transaction occurred on the dates indicated and does not purport to indicate the financial position or results of operations as of any future date or for any future period.