Attached files
| file | filename |
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| EX-2.1 - EX-2.1 - ANTILIA GROUP, CORP. | aggg_ex21.htm |
| 8-K - FORM 8-K - ANTILIA GROUP, CORP. | aggg_8k.htm |
EXHIBIT 99.1
ANTILIA GROUP, CORP.
Supplemental Information
Unaudited Pro Forma Consolidated Balance Sheets
October 31, 2018
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| Antilia Group, |
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| Corp. |
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| eVeek |
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| October 31, 2018 |
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| September 31, 2018 |
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| Proforma Adjustments* |
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| Proforma As Adjusted |
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| ASSETS |
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| Current Assets |
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| Accounts receivable |
| $ | - |
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| $ | 629 |
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| $ | - |
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| $ | 629 |
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| Receivable - related party |
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| - |
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| 55,012 |
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| - |
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| 55,012 |
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| Total Current Assets |
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| - |
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| 55,641 |
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| - |
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| 55,641 |
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| Property and equipment, net |
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| 533 |
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| - |
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| - |
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| 533 |
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| TOTAL ASSETS |
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| 533 |
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| 55,641 |
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| - |
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| 56,174 |
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| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
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| Current Liabilities |
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| Accounts payable and accrued liabilities |
| $ | 2,528 |
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| $ | 1,673 |
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| $ | - |
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| $ | 4,201 |
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| Loans payable |
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| - |
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| - |
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| - |
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| - |
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| Related party loans |
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| 20,857 |
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| - |
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| - |
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| 20,857 |
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| Total Current Liabilities |
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| 23,385 |
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| 1,673 |
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| - |
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| 25,058 |
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| TOTAL LIABILITIES |
| $ | 23,385 |
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| $ | 1,673 |
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| $ | - |
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| $ | 25,058 |
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| STOCKHOLDERS’ EQUITY (DEFICIT) |
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| Common stock: 75,000,000 shares authorized pre and post merger; $0.001 par value; 4,290,000 issued and outstanding pre merger and 4,298,000 post merger shares issued, respectively |
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| 4,290 |
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| - |
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| 8 |
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| 4,298 |
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| Additional paid in capital (deficiency) |
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| 24,795 |
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| 13,250 |
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| 40,710 |
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| 78,755 |
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| Retained earnings (deficit) |
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| (51,937 | ) |
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| 40,718 |
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| (40,718 | ) |
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| (51,937 | ) |
| Total stockholders' equity (deficit) |
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| (22,852 | ) |
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| 53,968 |
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| - |
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| 31,116 |
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| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
| $ | 533 |
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| $ | 55,641 |
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| $ | - |
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| $ | 56,174 |
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* The adjustments included in the pro forma balance sheet are as follows:
- To record 8,000 shares of Antilia Group, Corp. unregistered common stock issued in exchange for the eVeek contributed capital.
- To eliminate the owner withdraws, and retained earnings of eVeek.
See notes to unaudited pro forma condensed consolidated financial statements
ANTILIA GROUP, CORP.
Supplemental Information
Unaudited Pro Forma Consolidated Statements of Operations
For the nine months ended October 31, 2018
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| Antilia Group, Corp. |
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| eVeek |
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| Nine Months Ended |
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| Nine Months Ended |
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| October 31, 2018 |
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| September 30, 2018 |
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| Proforma Adjustments |
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| Proforma As Adjusted |
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| Revenue |
| $ | 4,820 |
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| $ | 11,745 |
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| $ | - |
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| $ | 16,565 |
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| Cost of revenue |
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| 4,320 |
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| - |
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| - |
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| 4,320 |
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| Gross Profit |
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| 500 |
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| 11,745 |
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| - |
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| 12,245 |
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| Operating Expenses |
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| General and administrative |
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| 15,724 |
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| 754 |
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| - |
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| 16,478 |
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| Professional fees |
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| - |
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| - |
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| - |
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| - |
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| Total Operating Expenses |
| $ | 15,724 |
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| 754 |
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| - |
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| 16,478 |
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| Operating Income (Loss) |
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| (15,224 | ) |
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| 10,991 |
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| - |
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| (4,233 | ) |
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| Income (Loss) Before Income Taxes |
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| (15,224 | ) |
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| 10,991 |
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| - |
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| (4,233 | ) |
| Provision for income taxes |
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| - |
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| - |
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| - |
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| - |
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| Net Income (Loss) |
| $ | (15,224 | ) |
| $ | 10,991 |
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| $ | - |
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| $ | (4,233 | ) |
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| Basic and Diluted Loss per Common Share |
| $ | (0.00 | ) |
| $ | - |
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| $ | - |
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| $ | (0.00 | ) |
| Basic and Diluted Weighted Average Common Shares Outstanding* |
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| 4,290,000 |
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| 0 |
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| 8,000 |
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| 4,298,000 |
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See notes to unaudited pro forma condensed consolidated financial statements
ANTILIA GROUP, CORP.
NOTES TO THE UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS
These financial statements represent pro forma disclosures applicable to the Capital Contribution Agreement with Robert Qin Peng, whereby a group of assets “eVeek” were contributed into Antilia Group, Corp. The unaudited pro forma condensed balance sheet as of October 31, 2018, are based on the balance sheets of Antilia Group, Corp. as of October 31, 2018, and eVeek as of September 30, 2018. The unaudited pro forma condensed statement of operations for the nine months ended October 31, 2018 is based on the statement of operations for Antilia Group, Corp. for the nine months ended October 31, 2018 and the statement of operations of eVeek. for the nine months ended September 30, 2018.
1. BASIS OF PRO FORMA PRESENTATION
The unaudited pro forma condensed combined balance sheets have been derived from the historical October 31, 2018 balance sheet of Antilia Group, Corp. and balance sheet of eVeek as of September 30, 2018, after giving effect to the capital contribution agreement. The pro forma balance sheet and statement of operations present this transaction as if they had been consummated as of October 31, 2018, as required under Article 11 of Regulation S-X.
Historical financial information has been adjusted in the pro forma balance sheet to pro forma events that are: (1) directly attributable to the Acquisition; (2) factually supportable; and (3) expected to have a continuing impact on the Company’s results of operations. The pro forma adjustments presented in the pro forma condensed combined balance sheet and statement of operations are described in Note 3— Pro Forma Adjustments.
The unaudited pro forma combined financial information is for illustrative purposes only. These companies may have performed differently had they actually been combined for the periods presented. You should not rely on the pro forma condensed combined financial information as being indicative of the historical results that would have been achieved had the companies always been combined or the future results that the combined companies will experience after the merger. Unaudited pro forma financial information and the notes thereof should be read in conjunction with the accompanying historical financial statements of eVeek included elsewhere in this report.
2. ACCOUNTING PERIODS PRESENTED
Certain pro forma adjustments were made to conform Antilia Group, Corp.’s accounting policies to the Company’s accounting policies.
The unaudited pro forma condensed combined balance sheet as of October 31, 2018 is presented as if the eVeek Capital Contribution Agreement had occurred on October 31, 2018, and combines the historical balance sheet of Antilia Group, Corp at October 31, 2018 and the historical balance sheet of eVeek as of September 30, 2018.
The unaudited pro forma condensed combined statement of operations and comprehensive loss of the Antilia Group, Corp. and eVeek for the periods ended October 31, 2018, and September 30, 2018 is presented as if the acquisition had taken place on October 31, 2018.
3. PRO FORMA ADJUSTMENTS
The adjustments included in the pro forma balance sheet and statement of operations are as follows:
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| - | To record 8,000 common shares of Antilia Group, Corp’s unregistered common stock issued in exchange for the capital contributed eVeek assets |
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| - | To eliminate the owner withdraws, and retained earnings of eVeek |