| | Savedaily.com, Inc. | | | Nine Mile Software, Inc. | | | Combined | | | | Pro Forma Adjustments | | | Pro Forma Results | |
ASSETS | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | |
Cash | | | 242,356 | | | $ | 56,919 | | | $ | 299,275 | | (a) | | | (20,038 | ) | | $ | 142,356 | |
| | | | | | | | | | | | | (b) | | | (136,881 | ) | | | | |
Cash - held in trust | | | 88,018 | | | | - | | | | 88,018 | | | | | - | | | | 88,018 | |
Marketable securities - held in trust | | | 82,352,905 | | | | - | | | | 82,352,905 | | | | | - | | | | 82,352,905 | |
Other receivables | | | 67,742 | | | | - | | | | 67,742 | | | | | - | | | | 67,742 | |
Note receivable, related party | | | 50,312 | | | | - | | | | 50,312 | | | | | - | | | | 50,312 | |
Prepaid expenses and other assets | | | 131,057 | | | | - | | | | 131,057 | | | | | - | | | | 131,057 | |
Total current assets | | | 82,932,391 | | | | 56,919 | | | | 82,989,310 | | | | | (156,919 | ) | | | 82,832,391 | |
| | | | | | | | | | | | | | | | | | | | | |
Property and equipment, net | | | 7,027 | | | | 1,490 | | | | 8,517 | | (b) | | | (1,490 | ) | | | 7,027 | |
| | | | | | | | | | | | | | | | | | | | | |
Deposits | | | 20,874 | | | | | | | | 20,874 | | | | | - | | | | 20,874 | |
Software development, net | | | - | | | | 3,831 | | | | 3,831 | | (b) | | | (3,831 | ) | | | - | |
Total assets | | $ | 82,960,292 | | | $ | 62,240 | | | $ | 83,022,532 | | | | $ | (162,240 | ) | | $ | 82,860,292 | |
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LIABILITIES AND STOCKHOLDERS’ DEFICIT | | | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
Client investments - held in trust | | $ | 82,352,905 | | | $ | - | | | $ | 82,352,905 | | | | $ | - | | | $ | 82,352,905 | |
Client deposits - held in trust | | | 88,018 | | | | - | | | | 88,018 | | | | | - | | | | 88,018 | |
Unearned revenues | | | 184,873 | | | | 20,417 | | | | 205,290 | | (b) | | | (20,417 | ) | | | 184,873 | |
Accounts payable and accrued expenses | | | 815,173 | | | | 24,498 | | | | 839,671 | | (b) | | | (24,498 | ) | | | 815,173 | |
Accrued expenses, related party | | | 275,000 | | | | - | | | | 275,000 | | | | | - | | | | 275,000 | |
Accrued interest, related party | | | 3,349 | | | | - | | | | 3,349 | | | | | | | | | 3,349 | |
Related party debt, current portion | | | - | | | | 75,000 | | | | 75,000 | | (b) | | | (75,000 | ) | | | - | |
Total current liabilities | | | 83,719,319 | | | | 119,915 | | | | 83,839,234 | | | | | (119,915 | ) | | | 83,719,319 | |
| | | | | | | | | | | | | | | | | | | | | |
Related party debt, net of current portion | | | 200,000 | | | | - | | | | 200,000 | | | | | - | | | | 200,000 | |
Other long-term liabilities | | | | | | | 48,143 | | | | 48,143 | | | | | | | | | 48,143 | |
Total long-term liabilities | | | - | | | | - | | | | - | | | | | | | | | - | |
| | | | | | | | | | | | | | | | | | | | | |
Total liabilities | | | 83,919,319 | | | | 168,058 | | | | 84,087,377 | | | | | (119,915 | ) | | | 83,967,462 | |
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Commitments and Contingencies | | | - | | | | - | | | | - | | | | | | | | | - | |
| | | | | | | | | | | | | | | | | | | | | |
Stockholders’ deficit: | | | | | | | | | | | | | | | | | | | | | |
Preferred Stock: 5,000,000 shares authorized at $0.001 par value, no shares issued and outstanding | | | - | | | | - | | | | - | | | | | - | | | | - | |
Common stock; 50,000,000 shares authorized, at $0.001 par value, 36,084,566 shares issued and outstanding | | | 10,060,699 | | | | 700 | | | | 10,061,399 | | (b) | | | (10,025,314 | ) | | | 36,085 | |
Additional paid-in capital | | | 5,796,999 | | | | 796,734 | | | | 6,593,733 | | (b) | | | 9,099,775 | | | | 15,693,508 | |
Accumulated deficit | | | (16,816,724 | ) | | | (903,252 | ) | | | (17,719,976 | ) | (a) | | | (20,038 | ) | | | (16,836,762 | ) |
| | | | | | | | | | | | | (b) | | | 903,252 | | | | | |
Total stockholders' deficit | | | (959,027 | ) | | | (105,818 | ) | | | (1,064,845 | ) | | | | (42,325 | ) | | | (1,107,170 | ) |
Total liabilities and stockholders' deficit | | $ | 82,960,292 | | | $ | 62,240 | | | $ | 83,022,532 | | | | $ | (162,240 | ) | | $ | 82,860,292 | |