| SCHEDULE OF UNAUDITED PRO FORMA FINANCIAL INFORMATION |
SCHEDULE OF UNAUDITED PRO FORMA FINANCIAL INFORMATION
Balance
Sheets
| | |
Unaudited Historical
December 31, 2024 | | |
Unaudited Pro-forma with
tax accrual
December 31, 2024 | |
| Assets | |
| | |
| |
| Total
assets | |
$ | 5,082,549 | | |
$ | 5,082,549 | |
| | |
| | | |
| | |
| Liabilities
and Stockholders’ Equity | |
| | | |
| | |
| Liabilities: | |
| | | |
| | |
| Corporate
taxes payable | |
| 23,000 | | |
| 23,000 | |
| Related
party loans | |
| - | | |
| 2,042,000 | |
| Total
current liabilities | |
| 1,280,917 | | |
| 3,322,917 | |
| Total
liabilities | |
| 1,909,191 | | |
| 3,951,191 | |
| Total
Retained earnings (deficit)/Members’ Capital | |
| 3,173,358 | | |
| 1,131,358 | |
| Total
Liabilities and Stockholders’ Equity/Members’ Capital | |
$ | 5,082,549 | | |
$ | 5,082,549 | |
Pro
forma income statements showing the pro-forma income taxes, net earnings per share for the year ended December 31, 2024 is produced below.
| | |
| | |
Unaudited Pro | |
| | |
| | |
forma C Corp | |
| | |
Actual | | |
with
tax accrual | |
| | |
2024 | | |
2024 | |
| Provision
for income taxes | |
| 25,366 | | |
| 25,366 | |
| Net
income (loss) | |
$ | (2,293,648 | ) | |
$ | (2,293,648 | ) |
| Basic and diluted income per common share | |
$ | (0.87 | ) | |
$ | (0.76 | ) |
| Weighted-average number
of common shares outstanding | |
| 2,630,137 | | |
| 3,000,000 | |
|