Kid Castle Educational (KDCE) 8-K Completion of Acquisition or Disposition of Assets

KID CASTLE EDUCATIONAL CORPORATION
		Unaudited Proforma Balance Sheet
		December 31, 2018
			Kid Castle Educational Corporation	Cannabinoid Biosciences, Inc	Eliminations	Total
		ASSETS
Cash and cash equivalents			$                -	$            1,393		$         1,393
Total Current Assets			$                -	$            1,393	$                -	$         1,393
Fixed Assets			$                -	$                -	$                -	$                -
	Total assets		$                -	$            1,393	$                -	$         1,393
LIABILITIES AND STOCKHOLDERS' DEFICIT
Liabilities:
Current liabilities			$                -	$            2,400		$         2,400
Long-term liabilities			$    240,000	$            9,038	$                -	$   �� 249,038
Total liabilities			240,000	11,438	-	251,438
Stockholders' deficit:
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding			-
Common stock ($0.0001 par value)			30,000	1,670	(1,670)	30,000
100,000,000 shares authorized, no par
30,000,000 issued and outstanding on 06/30/2019, and					(10,045)	(10,045)
Additional Paid-in Capital			7,368,660	25,230	(25,230)	7,368,660
Accumulated Deficits			(7,638,660)	(36,945)	36,945	(7,638,660)
Total stockholders' equity			(240,000)	(10,045)		(250,045)
Total liabilities and stockholders' equity			$                -	$            1,393		$         1,393

	KID CASTLE EDUCATIONAL CORPORATION
	Unaudited Proforma Statements of Operations
	December 31, 2018
		Kid Castle Educational Corporation	Cannabinoid Biosciences, Inc.	Eliminations	Total
REVENUE
	Total revenue	$              -	$               -	$                -	$             -
EXPENSES:
	Rent expense		7,560		7,560
	Telephone expense		3,941		3,941
	Other operating expenses		18,653		��    18,653
	Total operating expenses		30,154	-	30,154
NET LOSS FROM OPERATIONS			(30,154)	-	(30,154)
NET LOSS		$              -	$   (30,154)	$                -	$ (30,154)
Basic and diluted loss per common share		$              -	$ (0.00181)		$(0.00101)
Weighted average number of common
Shares outstanding basic and diluted		30,000,000	16,700,000	(16,700,000)	30,000,000

KID CASTLE EDUCATIONAL CORPORATION
	Unaudited Proforma Balance Sheet
	June 30, 2019
		Kid Castle Educational Corporation	Cannabinoid Biosciences, Inc		Eliminations		Total
	ASSETS
Cash and cash equivalents		$               -	$       18,442				$    18,442
Total Current Assets		$              -	$       18,442		$               -		$    18,442
Fixed Assets		$              -	$         4,200		$              -		$      4,200
Total assets		$              -	$       22,642		$              -		$    22,642
LIABILITIES AND STOCKHOLDERS' DEFICIT
Liabilites:
Current liabilities		$                -	$         2,400				$      2,400
Long-term liabilities		$   240,000	$         4,934		$                -		$  244,934
Total liabilities		$    240,000	7,334		-		247,334
Stockholders' deficit:
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding		-
Common stock ($0.0001 par value)		30,000	1,971		(1,971)		30,000
100,000,000 shares authorized, no par
30,000,000 issued and outstanding on 06/30/2019, and					15,308		15,308
Additional Paid-in Capital		7,368,660	117,459		(117,459)		7,368,660
Accumulated Deficits		(7,638,660)	(104,122)		104,122		(7,638,660)
Total stockholders' equity		(240,000)	15,308		0		(224,692)
Total liabilities and stockholders' equity		$                -	$        22,642	#	$               0	#	$      22,642

	KID CASTLE EDUCATIONAL CORPORATION
	Unaudited Proforma Statements of Operations
	June 30, 2019
		Kid Castle Educational Corporation	Cannabinoid Biosciences, Inc.	Eliminations	Total
REVENUE
	Total revenue	$              -	$               -	$                -	$             -
EXPENSES:
	Rent expense		24,928		24,928
	Telephone expense		8,198		8,198
	Other operating expenses		70,996		70,996
	Total operating expenses		104,122	-	104,122
NET LOSS FROM OPERATIONS			(104,122)	-	(104,122)
NET LOSS		$              -	$ (104,122)	$                -	$(104,122)
Basic and diluted loss per common share		$              -	$ (0.00529)		$(0.00347)
Weighted average number of common
Shares outstanding basic and diluted		30,000,000	19,700,000	(19,700,000)	30,000,000