Attached files
file | filename |
---|---|
EX-21.1 - MONSTER PRODUCTS, INC. | ex21_1.htm |
EX-10.2 - MONSTER PRODUCTS, INC. | ex10_2.htm |
EX-10.1 - MONSTER PRODUCTS, INC. | ex10_1.htm |
EX-4.1 - MONSTER PRODUCTS, INC. | ex4_1.htm |
EX-3.1 - MONSTER PRODUCTS, INC. | ex3_1.htm |
EX-2.1 - MONSTER PRODUCTS, INC. | ex2_1.htm |
8-K - MONSTER PRODUCTS, INC. | atlantic8k_422018.htm |
Exhibit 99.1
Monster, LLC and Subsidiaries
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|||||||||||||
Pro-Forma Balance Sheet
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Monster
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Atlantic Acquisition
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Pro-Forma
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|||||||||||
Consolidated
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Inc
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Adjustments |
Consolidated
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||||||||||
Assets
|
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Current assets:
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|||||||||||||
Cash and cash equivalents
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$
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7,796,202
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$
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20,000
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$
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7,816,202
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|||||||
Restricted cash
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501,225
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501,225
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Accounts receivable, net
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34,327,644
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34,327,644
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Accounts receivables, assigned
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2,798,826
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2,798,826
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|||||||||||
Inventories, net
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10,627,883
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10,627,883
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Prepaid expenses & deposits
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12,662,136
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12,662,136
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Total current assets
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68,713,916
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20,000
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68,733,916
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Property and equipment, net
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1,769,970
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1,769,970
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Trademarks, net
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4,401,950
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4,401,950
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Related party receivables
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1,943,594
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|
1,943,594
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Total assets
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$
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76,829,430
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$
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20,000
|
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$
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76,849,430
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Liabilities and Shareholders' Equity
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Current liabilities:
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Accounts payable
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7,308,756
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2,000
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7,310,756
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Accrued liabilities
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70,377,587
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70,377,587
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Factoring Payable
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1,960,540
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1,960,540
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Note payables to shareholders
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64,964,680
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52,332
|
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65,017,012
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Total current liabilities
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144,611,563
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54,332
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144,665,895
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Notes payable to shareholders, non-current
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35,557,742
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35,557,742
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Other liabilities
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1,869,591
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1,869,591
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Total liabilities
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182,038,896
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54,332
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182,093,228
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Shareholders' equity:
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Common stock; no par value
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30,470
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2,100
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32,570
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Additional paid in capital
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73,610,704
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19,900
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73,630,604
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Members equity
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4,121,374
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4,121,374
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Accumulated other comprehensive loss
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(9,284,376
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)
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(9,284,376
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)
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Retained earnings at end
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(173,687,638
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)
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(56,332
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)
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(173,743,970
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)
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Total shareholders' equity
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(105,209,466
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)
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(34,332 | ) |
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(105,243,798
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)
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Total Liabilities and Shareholders' Equity
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$
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76,829,430
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$
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20,000
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$
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76,849,430
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Exhibit 99.1 -- Page 1
Monster, Inc. and Subsidiaries and
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Monster, LLC and Subsidiaries
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Pro-Forma Income Statement
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Monster
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Atlantic
Acquisition
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Pro-Forma
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|||||||||||||
Consolidated
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Inc
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Adjustments |
Consolidated
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Net Sales
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57,486,610
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- | - |
57,486,610
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||||||||||||
Costs of Sales
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35,761,909
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- | - |
35,761,909
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||||||||||||
Gross Profit
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21,724,701
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-
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-
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21,724,701
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Selling, general and administration expenses
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44,197,523
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9,750
|
- |
44,207,273
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Loss from operations
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(22,472,822
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)
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(9,750
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)
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-
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(22,482,572
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)
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Other income (expenses)
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Interest expense
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(4,208,652
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)
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- | - |
(4,208,652
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)
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Gain (loss) from foreign currency transactions
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1,053,481
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- | - |
1,053,481
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Other, net
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(1,022,569
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)
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- | - |
(1,022,569
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)
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Loss before income taxes
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(26,650,562
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)
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(9,750
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)
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-
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(26,660,312
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)
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Provision for income taxes
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92,582
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- | - |
92,582
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Net loss
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(26,743,144
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)
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(9,750
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)
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-
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(26,752,894
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)
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Other comprehensive loss, net of tax
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Foreign currency translation adjustments
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(306,730
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)
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- | - |
(306,730
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)
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Comprehensive loss
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(27,049,874
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)
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(9,750
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)
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-
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(27,059,624
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)
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Exhibit 99.1 -- Page 2