4M Carbon Fiber Corp. - FORM 10-Q - EX-10 - PRO-FORMA FINANCIAL STATEMENTS - March 31, 2017

Attached files

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10-Q - FORM 10-Q FOR 09-30-2016 - 4M Carbon Fiber Corp.form_10-q.htm
EX-32 - SECTION 1350 CERTIFICATION BY CFO - 4M Carbon Fiber Corp.ex_32-2.htm
EX-32 - SECTION 1350 CERTIFICATION BY CEO - 4M Carbon Fiber Corp.ex_32-1.htm
EX-31 - RULE 13A-14(A) CERTIFICATION BY CFO - 4M Carbon Fiber Corp.ex_31-2.htm
EX-31 - RULE 13A-14(A) CERTIFICATION BY CEO - 4M Carbon Fiber Corp.ex_31-1.htm

Exhibit 10.1


Pro-Forma Financial Statements


Unaudited Pro-Forma Balance Sheet at September 30, 2016



 

 

Actual
September 30,
2016

 

Adjustments

 

Pro-Forma
September 30,
2013

 

Assets

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

Cash

 

$

1,478

 

$

(1,314

)

$

164

 

Accounts receivable, net

 

 

12,767

 

 

(12,767

)

 

—

 

TOTAL ASSETS

 

$

14,245

 

$

(14,081

)

$

164

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Deficit

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

41,355

 

$

(39,803

)

$

1,552

 

Total liabilities

 

 

41,355

 

 

(39,803

)

 

1,552

 

 

 

 

 

 

 

 

 

 

 

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ deficit:

 

 

 

 

 

 

 

 

 

 

Common stock, $0.001 par value

 

 

—

 

 

—

 

 

—

 

Additional paid-in capital

 

 

12,083,676

 

 

15,585,462

 

 

3,501,786

 

Accumulated deficit

 

 

(12,056,566

)

 

(15,559,739

)

 

(3,503,174

)

Total stockholders’ deficit

 

 

(27,110

)

 

25,723

 

 

(1,388

)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

$

14,245

 

$

(14,080

)

$

164

 


- 1 -


Unaudited Pro-Forma Statement of Operations for the three-month period ended September 30, 2016



 

 

For the Three-Months Ended

 

 

 

Actual
September 30,
2016

 

Adjustments

 

 

Pro-Forma
September 30,
2016

 

 

 

 

 

 

 

 

 

 

 

 

Sales, net

 

$

21,722

 

$

(21,722

)

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of goods sold

 

 

5,279

 

 

(5,279

)

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

16,443

 

 

(16,443

)

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

26,662

 

 

(26,662

)

 

 

—

 

Total Operating expenses

 

 

26,662

 

 

(26,662

)

 

 

—

 

Operating income

 

 

(10,219

)

 

10,219

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

(10,219

)

 

10,219

 

 

 

—

 

Total other income (expense), net

 

 

—

 

 

—

 

 

 

—

 

Income (loss) before income taxes

 

 

(10,219

)

 

10,219

 

 

 

—

 

Income taxes

 

 

—

 

 

—

 

 

 

—

 

Net loss

 

$

(10,219

)

$

10,219

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per share

 

$

0.00

 

$

0.00

 

 

$

0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average number shares outstanding

 

 

4,655,338

 

 

4,655,338

 

 

 

4,655,338

 


- 2 -


Unaudited Pro-Forma Statement of Operations for the nine-month period ended September 30, 2016



 

 

For the Nine-Month Period Ended

 

 

 

Actual
September 30,
2016

 

Adjustments

 

 

Pro-Forma
September 30,
2016

 

 

 

 

 

 

 

 

 

 

 

 

Sales, net

 

$

62,174

 

$

(62,174

)

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of goods sold

 

 

14,835

 

 

(14,835

)

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

47,339

 

 

(47,339

)

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

100,627

 

 

(100,627

)

 

 

—

 

Total Operating expenses

 

 

100,627

 

 

(100,627

)

 

 

—

 

Operating income

 

 

(53,288

)

 

53,288

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

4,002

 

 

(4,002

)

 

 

—

 

Total other income (expense), net

 

 

4,002

 

 

(4,002

)

 

 

—

 

Income (loss) before income taxes

 

 

(49,286

)

 

49,286

 

 

 

—

 

Income taxes

 

 

—

 

 

—

 

 

 

—

 

Net loss

 

$

(49,286

)

$

49,286

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per share

 

$

(0.01

)

$

(0.01

)

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average number shares outstanding

 

 

4,655,338

 

 

4,655,338

 

 

 

4,655,338

 


- 3 -

4M Carbon Fiber Corp. Reports