Bitzio (BTZO) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.3

Introductory Statement to Unaudited Pro Forma Consolidated Financial Statements

Effective November 9, 2011, Bitzio Holdings, Inc., (“Bitzio Holdings”), a subsidiary of Bitzio, Inc. (“Bitzio Parent”) entered into an acquisition agreement with Thinking Drone, Inc.( “TDI”) wherein Bitzio Holdings purchased all of the issued and outstanding shares of TDI for 5,000,000 shares of restricted common stock of Bitzio Parent.  Bitzio Holdings has an additional obligation pursuant to the acquisition agreement to pay $500,000 in cash by means of: (a) $50,000 on or before November 30, 2011, (b) not less than $25,000 on or before the last day of each month, beginning with December 31, 2011, and (c) the unpaid balance plus unpaid interest on or before October 31, 2012.

Pro forma adjustments reflect [1] the issuance of 5,000,000 shares of Bitzio Parent in exchange for all issued and outstanding shares of TDI valued at $0.15 per share, and [2] eliminate the accumulated deficit of TDI, resulting in a total of 44,312,500 shares outstanding.

The pro forma, consolidated balance sheets and statements of operations of Bitzio Parent and TDI are presented here as of September 30, 2011 and December 31, 2010.

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BITZIO, INC.

Proforma Consolidated Balance Sheet

December 31, 2010

												Adjusted
	Bitzio			Thinking Drone		Combined			Pro Forma			ProForma
	Inc.			Inc.		Totals			Adjustments			Totals
ASSETS
CURRENT ASSETS
Cash	$	18,068		$	10,000	$	28,068		$	-		$	28,068
Prepaid expenses		108			-		108			-			108
Accounts receivable, net		-			79,059		79,059			-			79,059
Total Current Assets		18,176			89,059		107,235			-			107,235
PROPERTY AND EQUIPMENT, net		1,706			-		1,706			-			1,706
OTHER ASSETS
Apps		-			-		-			880,000			880,000
Total Other Assets		-			-		-			880,000			880,000
TOTAL ASSETS	$	19,882		$	89,059	$	108,941		$	880,000		$	988,941
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	146		$	6,069	$	6,215		$	-		$	6,215
Related party payable		-			-		-			-			-
Notes payable		-					-			500,000			500,000
Notes payable-related party		392			-		392			-			392
Total Current Liabilities		538			6,069		6,607			500,000			506,607
TOTAL LIABILITIES		538			6,069		6,607			500,000			506,607
STOCKHOLDERS' EQUITY
Preferred stock		-			-		-			-			-
Common stock		8,250			-		8,250			5,000			13,250
Additional paid-in capital		233,200			-		233,200			677,990			911,190
		-			-		-			-			-
Retained earnings (deficit)		(222,106	)		82,990		(139,116	)		(82,990	)		(442,106	)
										(220,000	)
Total Stockholders' Equity		19,344			82,990		102,334			380,000			482,334
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	19,882		$	89,059	$	108,941		$	880,000		$	988,941

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BITZIO, INC.

Proforma Consolidated Statements of Operations

For the Year Ended December 31, 2010

												Pro-Forma
				Thinking								Adjusted
	Bitzio			Drone		Combined			Pro Forma			Combined
	Inc.			Inc.		Totals			Adjustments			Totals
REVENUES	$	-		$	846,019	$	846,019		$	-		$	846,019
COST OF SALES		-			-		-			-			-
GROSS PROFIT		-			846,019		846,019			-			846,019
OPERATING EXPENSES
General and administrative		37,226			288,037		325,263			-			325,263
Depreciation and amortizationexpense		341			-		341			220,000			220,341
Professional fees		-			57,234		57,234			-			57,234
Total Costs and Expenses		37,567			345,271		382,838			220,000			602,838
OPERATING LOSS		(37,567	)		500,748		463,181			(220,000	)		243,181
OTHER INCOME (EXPENSE)
Other income		-			300		300			-			300
Interest expense		(645	)		-		(645	)		-			(645	)
Total Other Income (Expense)		(645	)		300		(345	)		-			(345	)
LOSS BEFORE INCOME TAXES		(38,212	)		501,048		462,836			(220,000	)		242,836
PROVISION FOR INCOME TAXES		-			-		-			-			-
NET LOSS	$	(38,212	)	$	501,048	$	462,836		$	(220,000	)	$	242,836
EARNINGS PER SHARE	$	(0.01	)	$	0.25							$	0.03
BASIC AND DILUTED WEIGHTED AVERAGE
NUMBER OF COMMON SHARES OUTSTANDING		6,129,452			2,000,000								8,129,452

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BITZIO, INC.

Proforma Consolidated Balance Sheet

September 30, 2011

													Adjusted
	Bitzio				Thinking Drone		Combined			Pro Forma			ProForma
	Inc.				Inc.		Totals			Adjustments			Totals
ASSETS
CURRENT ASSETS
Cash		$	4,562		$	16,728	$	21,290		$	-		$	21,290
Prepaid expenses			341,522			-		341,522			-			341,522
Accounts receivable, net			-			57,643		57,643			-			57,643
Total Current Assets			346,084			74,371		420,455			-			420,455
PROPERTY AND EQUIPMENT, net			1,196			-		1,196			-			1,196
OTHER ASSETS
Apps			-			-		-			715,000			715,000
Total Other Assets			-			-		-			715,000			715,000
TOTAL ASSETS		$	347,280		$	74,371	$	421,651		$	715,000		$	1,136,651
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued expenses		$	36,252		$	1,692	$	37,944		$	-		$	37,944
Related party payable			60,889			-		60,889			-			60,889
Notes payable			172,771					172,771			500,000			672,771
Notes payable-related party			25,142			-		25,142			-			25,142
Total Current Liabilities			295,054			1,692		296,746			500,000			796,746
TOTAL LIABILITIES			295,054			1,692		296,746			500,000			796,746
STOCKHOLDERS' EQUITY
Preferred stock			-			-		-			-			-
Common stock			39,313			-		39,313			5,000			44,313
Additional paid-in capital			8,378,933			-		8,378,933			667,679			9,046,612
			-			-		-			-			-
Retained earnings (deficit)			(8,366,020	)		72,679		(8,293,341	)		(72,679	)		(8,751,020	)
											385,000
Total Stockholders' Equity			52,226			72,679		124,905			215,000			339,905
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)		$	347,280		$	74,371	$	421,651		$	715,000		$	1,136,651

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BITZIO, INC.

Proforma Consolidated Statements of Operations

For the Nine Months Ended September 30, 2011

												Pro-Forma
												Adjusted
	Bitzio			Thinking Drone		Combined			Pro Forma			Combined
	Inc.			Inc.		Totals			Adjustments			Totals
REVENUES	$	3,104		$	518,080	$	521,184		$	-		$	521,184
COST OF SALES		-			-		-			-			-
GROSS PROFIT		3,104			518,080		521,184			-			521,184
OPERATING EXPENSES
General and administrative		151,230			287,617		438,847			-			438,847
Impairment of goodwill		2,350,800			-		2,350,800			-			2,350,800
Depreciation and amortizationexpense		511			-		511			165,000			165,511
Professional fees		5,643,731			4,582		5,648,313			-			5,648,313
Total Costs and Expenses		8,146,272			292,199		8,438,471			165,000			8,603,471
OPERATING LOSS		(8,143,168	)		225,881		(7,917,287	)		(165,000	)		(8,082,287	)
OTHER INCOME (EXPENSE)
Loss on sale of assets		-			-		-			-			-
Other income		-			1,230		1,230			-			1,230
Interest expense		(746	)		-		(746	)		-			(746	)
Total Other Income (Expense)		(746	)		1,230		484			-			484
LOSS BEFORE INCOME TAXES		(8,143,914	)		227,111		(7,916,803	)		(165,000	)		(8,081,803	)
PROVISION FOR INCOME TAXES		-			-		-			-			-
NET LOSS	$	(8,143,914	)	$	227,111	$	(7,916,803	)	$	(165,000	)	$	(8,081,803	)
EARNINGS PER SHARE	$	(0.24	)	$	0.11							$	(0.22	)
BASIC AND DILUTED WEIGHTED AVERAGE  NUMBER OF COMMON SHARES OUTSTANDING		34,566,071			2,000,000								36,566,071

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