Exhibit 99.2
A pro forma presentation for the year ending December 31, 2011 as if the acquisition of Advent Power
Systems Inc. occurred on Janaury 1, 2011 is as follows:
Cyclone Power Technologies | Advent Power | Total | ||||||||||
As Reported | Systems | Pro Forma | ||||||||||
Revenues | $ | 250,000 | $ | - | $ | 250,000 | ||||||
Cost of Goods Sold | 399,801 | - | 399,801 | |||||||||
Gross profit loss | (149,801 | ) | - | (149,801 | ) | |||||||
Total operating expenses | 3,678,112 | 51,943 | 3,730,055 | |||||||||
Operating loss | (3,827,913 | ) | (51,943 | ) | (3,879,856 | ) | ||||||
Total other expense | (19,876,814 | ) | (14,398 | ) | (19,891,212 | ) | ||||||
Loss before income taxes | (23,704,727 | ) | (66,341 | ) | (23,771,068 | ) | ||||||
Income taxes | - | - | - | |||||||||
Net loss | $ | (23,704,727 | ) | $ | (66,341 | ) | $ | (23,771,068 | ) | |||
Net loss per common share | $ | (0.15 | ) | $ | (0.15 | ) |