Attached files
| file | filename |
|---|---|
| EX-99.4 - FINANCIAL STATEMENTS - DTHERA SCIENCES | dthera_8ka-ex9904.htm |
| EX-99.3 - FINANCIAL STATEMENTS - DTHERA SCIENCES | dthera_8ka-ex9903.htm |
| 8-K/A - FORM 8-K/A - DTHERA SCIENCES | dthera_8ka-092116.htm |
Exhibit 99.5
DTHERA SCIENCES
Formerly Knowledge Machine International, Inc.
Balance Sheets
| EVERYSTORY, INC. | Knowledge Machine International, Inc. | ||||||||||||||||
| June 30, 2016 | June 30, 2016 | Adjustments | Consolidated | ||||||||||||||
| (Unaudited) | |||||||||||||||||
| CURRENT ASSETS | |||||||||||||||||
| Cash | 12,580 | $ | 15,962 | e | $ | (15,962 | ) | $ | 12,580 | ||||||||
| Prepaid expenses | – | 4,644 | e | (4,644 | ) | – | |||||||||||
| Deposits | 1,000 | – | 1,000 | ||||||||||||||
| TOTAL CURRENT ASSETS | 13,580 | 20,606 | 13,580 | ||||||||||||||
| LONG TERM ASSETS | |||||||||||||||||
| Property and equipment, net | 1,175 | – | 1,175 | ||||||||||||||
| TOTAL LONG TERM ASSETS | 1,175 | – | 1,175 | ||||||||||||||
| TOTAL ASSETS | 14,755 | 20,606 | 14,755 | ||||||||||||||
| CURRENT LIABILITIES | |||||||||||||||||
| Accounts payable and accrued liabilities | $ | 237,347 | $ | 36,665 | e | (36,665 | ) | $ | 237,347 | ||||||||
| Accounts payable-related party | – | 181,989 | e | (181,989 | ) | – | |||||||||||
| Accrued interest | 49,406 | – | d | (49,406 | ) | – | |||||||||||
| Notes payable-related party | 107,194 | – | d | (107,194 | ) | – | |||||||||||
| Convertible notes payable, net | 193,078 | – | d | (193,078 | ) | – | |||||||||||
| Convertible notes payable-related party, net | 29,704 | – | d | (29,704 | ) | – | |||||||||||
| TOTAL CURRENT LIABILITIES | 616,729 | 218,654 | 237,347 | ||||||||||||||
| LONG TERM LIABILITIES | |||||||||||||||||
| Convertible notes payable, net | 370,000 | – | d | (370,000 | ) | – | |||||||||||
| Convertible notes payable-related party, net | 30,000 | – | d | (30,000 | ) | – | |||||||||||
| TOTAL LONG TERM LIABILITIES | 400,000 | – | – | ||||||||||||||
| TOTAL LIABILITIES | 1,016,729 | 218,654 | 237,347 | ||||||||||||||
| STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||
| Preferred stock 10,000,000 Shares Authorized; $0.0001 Par Value; 0 shares issued and outstanding as at December 31, 2015 and 2014 | |
|
– |
|
|
|
48 |
|
f | |
|
(48 |
) |
|
|
– |
|
| Common stock 20,000,000 Shares Authorized; $0.0001 Par Value; 2,050,000 and 1,100,000 shares issued and outstanding as at December 31, 2015 and 2014 | |
|
214 |
|
|
|
47,625 |
|
a | |
|
(214 |
) |
|
|
40,000 |
|
| a | 122,625 | ||||||||||||||||
| b | (6,750 | ) | |||||||||||||||
| f | (131,500 | ) | |||||||||||||||
| f | 8,000 | ||||||||||||||||
| Additional paid-in capital | 158,024 | 550,077 | a | (122,411 | ) | 897,620 | |||||||||||
| b | 6,750 | ||||||||||||||||
| c | (795,798 | ) | |||||||||||||||
| d | 779,382 | ||||||||||||||||
| e | 198,048 | ||||||||||||||||
| f | 123,548 | ||||||||||||||||
| Accumulated deficit | (1,160,212 | ) | (795,798 | ) | c | 795,798 | (1,160,212 | ) | |||||||||
| Total stockholders' deficit | (1,001,974 | ) | (198,048 | ) | (222,592 | ) | |||||||||||
| Total liabilities and stockholders' deficit | $ | 14,755 | $ | 20,606 | $ | 14,755 | |||||||||||
| 1 |
DTHERA SCIENCES
Formerly Knowledge Machine International, Inc.
Unaudited Proforma Consolidated Statement of Operations
For the Six-Months ended June 30, 2016 (Unaudited)
| DTHERA SCIENCES | |||||||||||||
| EVERYSTORY, INC. | (Formerly Knowledge Machine International, Inc.) | ||||||||||||
| For the Six Months Ended June 30, 2016 | For the Six Months Ended June 30, 2016 | Adjustments | Consolidated | ||||||||||
| REVENUES | |||||||||||||
| Sales | $ | – | $ | – | $ | – | |||||||
| Cost of services | – | – | – | ||||||||||
| GROSS PROFIT | – | – | – | ||||||||||
| OPERATING EXPENSES | |||||||||||||
| Amortization and depreciation | 473 | – | 473 | ||||||||||
| General and administrative | 252,193 | 109,766 | 361,959 | ||||||||||
| Professional fees | 29,152 | – | 29,152 | ||||||||||
| TOTAL OPERATING EXPENSES | 281,818 | 109,766 | 391,584 | ||||||||||
| OPERATING LOSS | (281,818 | ) | (109,766 | ) | (391,584 | ) | |||||||
| OTHER EXPENSES | |||||||||||||
| Interest expense | (35,838 | ) | – | (35,838 | ) | ||||||||
| Interest Income | – | – | – | ||||||||||
| Impairment of intangible assets | (58,960 | ) | – | (58,960 | ) | ||||||||
| TOTAL OTHER EXPENSES | (94,798 | ) | – | (94,798 | ) | ||||||||
| NET LOSS | $ | (376,616 | ) | $ | (109,766 | ) | $ | (486,382 | ) | ||||
| WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||
| Basic and diluted | 2,061,733 | 40,000,000 | 40,000,000 | ||||||||||
| Loss per share | |||||||||||||
| Basic and diluted | $ | (0.18 | ) | $ | (0.00 | ) | $ | (0.01 | ) | ||||
| 2 |
DTHERA SCIENCES
Formerly Knowledge Machine International, Inc.
Unaudited Proforma Consolidated Statement of Operations
For the Year Ended December 31, 2015 (Unaudited)
| DTHERA SCIENCES | |||||||||||||
| EVERYSTORY, INC. | (Formerly Knowledge Machine International, Inc.) | ||||||||||||
| For the Year Ended December 31, 2015 | For the Year Ended December 31, 2015 | Adjustments | Consolidated | ||||||||||
| REVENUES | |||||||||||||
| Sales | $ | – | $ | – | $ | – | |||||||
| Cost of services | – | – | – | ||||||||||
| GROSS PROFIT | – | – | – | ||||||||||
| OPERATING EXPENSES | |||||||||||||
| Amortization and depreciation | 915 | – | 915 | ||||||||||
| General and administrative | 590,569 | 266,484 | 857,053 | ||||||||||
| Professional fees | 156,573 | – | 156,573 | ||||||||||
| TOTAL OPERATING EXPENSES | 748,057 | 266,484 | 1,014,541 | ||||||||||
| OPERATING LOSS | (748,057 | ) | (266,484 | ) | (1,014,541 | ) | |||||||
| OTHER EXPENSES | |||||||||||||
| Interest expense | (21,350 | ) | – | (21,350 | ) | ||||||||
| Interest Income | – | 42 | 42 | ||||||||||
| Impairment of intangible assets | (7,100 | ) | (75,000 | ) | (82,100 | ) | |||||||
| TOTAL OTHER EXPENSES | (28,450 | ) | (74,958 | ) | (103,408 | ) | |||||||
| NET LOSS | $ | (776,507 | ) | $ | (341,442 | ) | $ | (1,117,949 | ) | ||||
| WEIGHTED AVERAGE SHARES OUTSTANDING | |||||||||||||
| Basic and diluted | 1,709,863 | 47,625,000 | 40,000,000 | ||||||||||
| Loss per share | |||||||||||||
| Basic and diluted | $ | (0.45 | ) | $ | (0.01 | ) | $ | (0.03 | ) | ||||
| 3 |
DTHERA SCIENCES
(Formerly Knowledge Machine International, Inc.)
Notes to Pro Forma Financial Statements
A. 2,050,000 shares of common stock of EveryStory exchanged for 77,377,712 shares of the Company’s common stock to the EveryStory holders, with the understanding that an additional 45,247,288 shares were to be reserved for issuance to holders of EveryStory derivative securities which are convertible or exercisable into shares of EveryStory common stock per the Amended and Restated Acquisition and Share Exchange Agreement between EveryStory, Inc., the EveryStory shareholders, and Knowledge Machine International, Inc., (the “A&R Agreement”). All share totals disclosed herein are disclosed on a pre-reverse-stock-split basis.
B. 6,750,000 shares of the Company's common stock cancelled pre reverse stock split per the A & R Agreement.
C. Transfer of the accumulated deficit during the exploration stage to additional paid in capital.
D. Conversion of debt instruments in EveryStory per A&R Agreement.
E. Debt and assets not assumed in the A & R Agreement.
F. 8,000,000 shares of Company common stock issued on conversion of Knowledge Machine International, Inc.’s Series A Preferred Stock and 5.109375 to 1 stock split per A&R Agreement
| 4 |