Exhibit 99.2
5BARz INTERNATIONAL INC. AND SUBSIDIARIES | ||||||||||||
( A Development Stage Company) | ||||||||||||
CONDENSED CONSOLIDATED PRO-FORMA BALANCE SHEETS | ||||||||||||
(Unaudited) | ||||||||||||
September 30, | Adjustments | September 30, | ||||||||||
2013 | 2013 | |||||||||||
ASSETS | Pro-Forma | |||||||||||
CURRENT ASSETS: | ||||||||||||
Cash | $ | 143,754 | (i) | 1,566,980 | $ | 1,710,734 | ||||||
Prepaid expenses and deposits | 61,075 | 61,075 | ||||||||||
TOTAL CURRENT ASSETS | 204,829 | 1,771,809 | ||||||||||
FIXED ASSETS: | ||||||||||||
Equipment, net | 7,015 | 7,015 | ||||||||||
OTHER ASSETS: | ||||||||||||
Intangible assets | 3,387,406 | 3,387,406 | ||||||||||
Goodwill | 1,140,246 | 1,140,246 | ||||||||||
Total other assets | 4,527,652 | 4,527,652 | ||||||||||
TOTAL ASSETS | $ | 4,739,496 | $ | 6,306,476 | ||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
CURRENT LIABILITIES: | ||||||||||||
Accounts payable and accrued expenses | $ | 2,562,262 | (ii) | (1,018,823 | ) | $ | 1,543,439 | |||||
Due to escrow agent | 52,321 | 52,321 | ||||||||||
Accrued derivative liabilities | 60,772 | 60,772 | ||||||||||
Notes payable (net of discount) | 1,089,882 | (iii) | (514,398 | ) | 575,484 | |||||||
TOTAL CURRENT LIABILITIES | 3,765,237 | 2,232,016 | ||||||||||
Related party loans | 472 | 472 | ||||||||||
TOTAL LIABILITIES | 3,765,709 | 2,232,488 | ||||||||||
STOCKHOLDERS' EQUITY | ||||||||||||
Common stock, $.001 par value, 250,000,000 shares authorized; 160,117,625 shares issued and outstanding as of September 30, 2013 on a pro-forma basis | 138,404 | 21,714 | 160,118 | |||||||||
Capital in excess of par value | 5,179,130 | 2,149,676 | 7,328,806 | |||||||||
Deficit accumulated during the development stage | (4,989,290 | ) | (iv) | 928,811 | (4,060,479 | ) | ||||||
Accumulated Other Comprehensive Income | 27,250 | 27,250 | ||||||||||
Non-controlling interest | 618,293 | 618,293 | ||||||||||
Total stockholders' equity | 973,787 | 4,073,988 | ||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 4,739,496 | $ | 6,306,476 | ||||||||
(i) | Private placement proceeds received subsequent to September 30, 2012 - $1,566,980 |
(ii) | Settlement of accounts payable for units $1,018,823 |
(iii) | Settlement of notes payable for units $514,398 |
(iv) | Gain on settlement of debts - $928,811 |