Attached files
file | filename |
---|---|
EX-99.8 - UBI Blockchain Internet LTD-DE | ex99-8.htm |
EX-99.7 - UBI Blockchain Internet LTD-DE | ex99-7.htm |
8-K/A - UBI Blockchain Internet LTD-DE | form8-ka.htm |
Exhibit 99.6
Revised Unaudited Pro Forma Financial Statements of Shenzhen Nova E-commerce, Ltd. and UBI Blockchain Internet, Ltd.
UBI Blockchain Internet, Ltd. (“UBI”) and Shenzhen Nova E-commerce (“Nova”)
Pro Forma Condensed Combined Balance Sheet
As of August 31, 2016
(Unaudited)
UBI | Nova | Pro Forma Adjustments | Pro Forma Combined | |||||||||||||
ASSETS | ||||||||||||||||
Cash and cash equivalents | $ | - | $ | 3,349 | $ | 3,349 | ||||||||||
Prepaid expenses | - | 256,382 | 256,382 | |||||||||||||
Property and equipment, net | - | 15,041 | 15,041 | |||||||||||||
Total Assets | $ | - | $ | 274,772 | $ | 274,772 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||||||||||||||
Current Liabilities | ||||||||||||||||
Accounts payable and accrued liabilities | $ | 68,419 | $ | - | $ | 68,419 | ||||||||||
Advances from stockholder | 26,981 | - | 26,981 | |||||||||||||
Bank overdraft | 1,202 | - | 1,202 | |||||||||||||
Note payable - related party | 50,000 | - | 50,000 | |||||||||||||
Total Current Liabilities and Total Liabilities | 146,602 | - | - | 146,602 | ||||||||||||
Preferred stock | 1,000 | - | 1,000 | |||||||||||||
Share capital | - | 759,514 | (759,514 | ) | - | |||||||||||
Class A common stock | 217 | - | - | 217 | ||||||||||||
Class B common stock | - | - | - | - | ||||||||||||
Class C common stock | - | - | 25,000 | 25,000 | ||||||||||||
Additional paid in capital | 4,315,919 | - | 734,514 | 5,050,433 | ||||||||||||
Stock subscription payable | 90,521 | - | - | 90,521 | ||||||||||||
Accumulated other comprehensive loss | - | (2,463 | ) | - | (2,463 | ) | ||||||||||
Accumulated deficit | (4,554,259 | ) | (482,279 | ) | - | (5,036,538 | ) | |||||||||
Total Stockholders’ Deficit | (146,602 | ) | 274,772 | - | 128,170 | |||||||||||
Total Liabilities and Stockholders’ Deficit | $ | - | $ | 274,772 | $ | - | $ | 274,772 |
Note: Assumes acquisition of Nova took place on May 26, 2016 (Nova’s date of inception)