US Wireless Online (UWRL) 8-K Results of Operations and Financial Condition

Exhibit 99.2

U.S. WIRELESS ONLINE, INC.

CONSOLIDATED BALANCE SHEET

Year End December 31, 2012

(Unaudited)

BALANCE SHEET

ASSETS

CURRENT ASSETS
Cash	$	–
Accounts Receivable		–
Other Receivable		–
Inventory		–
Prepaid Accounts		–
		–
LONG TERM EQUITY INVESTMENT		–
FIXED ASSETS – NBV		155,200.00
INTANGIBLE ASSETS – NBV		19,998.00
	$	175,198.00
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities	$	11,500.00
Other Payables		396,500.00
Taxes Payable		–
	$	408,000
LONG TERM LIABILITIES -		–
		408,000.00
SHAREHOLDERS' EQUITY
CAPITAL STOCK
Common Stock, authorized shares 100,000,000
Issued and outstanding - 5,06,5205 @ PV $.001		5,065
Preferred Stock-25,000 @ PV .001
Issued and outstanding - 1,000,000 @ PV $.001		1,000
Additional Paid In Capital		2,049,756
Deficit		(2,288,623.00	)
		(232,802.00	)
	$	(175,198.00	)

1

U.S. WIRELESS ONLINE, INC.

CONSOLIDATED STATEMENT OF EARNINGS AND RETAINED EARNINGS

 Year End December 31, 2012

(Unaudited)

EARNINGS
REVENUE
Sales	$	–
		–
TOTAL SALES		–
COST OF SALES
Cost of Sales		–
TOTAL COST OF SALES		–
GROSS PROFIT		–
OPERATING EXPENSES
Administrative Expense		148,125.00
Selling Expense		2,000.00
		(150,125.00	)
OTHER INCOME & EXPENSES		–
PROFIT (LOSS)		(150,125	)
NET PROFIT (LOSS)		0
		150125
Deficit - Beginning of period		2288623
Deficit - End of period		2438728

2

U.S. WIRELESS ONLINE, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

 Year End December 31, 2012

(Unaudited)

CASH FLOWS
Cash flows from operating activities
Profit/Loss from operations	$	(150,125.00	)
Adjustments to cash flows from operating activites:
Amortization of goodwill
Depreciation of fixed assets		–
Cash flows from operating activities	$	(150,125.00	)
Cash flows from investing activities:
Capital expenditures		53,527
Investment in inventory
Increase in accounts receivable		–
Decrease in prepaid expenses		–
Cash used in investing activities	$	53,527.00
Cash flows from financing activities:
Increase in accounts payable and accrued liabilities		2,250.00
Increase in paid-in-capital		11,252.00
Increase in loans payable		190,150.00
Issuance of capital stock		–
Cash Used For financing activities	$	203,652.00
Net increase (decrease) in cash		–
Cash at beginning of period		–
Cash at end of period	$	–

3

U.S. WIRELESS ONLINE, INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

Year End December 31, 2012

(Unaudited)

	Preferred		Stock		Common		Stock & PUC
	Shares		Amount		Shares		Amount		R/E			Total
Openning Bal		1,000,000	$	1,000		5,065,205	$	2,054,821	$	(2,288,623.00	)	$	(202,832	)
Issuance of stk						94,000,000		11,725					11,725
Capital Paid In								–
								–		–			–
Net Profit/Loss									$	(150,125	)	$	(150,125	)
Bal June 2010		1,000,000	$	1,000		99,065,205		2,066,546	$	–2,438,748		$	(341,232	)

NOTE 1. GENERAL ORGANIZATION AND BUSINESS ISSUES

The company was administratively abandoned and reinstated in March 2010 through a court appointed guardian - custodian.

On May 14, 2010, the company announced that it had completed its merger with Go Green Electronic Recycling, a US based recycling company.

In September 2011, Go Green Electronics, in agreement with U.S. Wireless Online, Inc. rescinded its merger agreement and returned to private company status.

The company is reviewing its current merger candidates.

Signed

Rajesh Babaria, CEO

4