Xeriant (XERI) 8-K/A Index to Audited Financial Statements

EXHIBIT 99.4

 UNAUDITED PRO FORMA CONDENSED FINANCIAL STATEMENTS

The following unaudited pro forma condensed combined balance sheets as of September 30, 2013 and June 30, 2013 combines the balance sheets of the Registrant and Banjo & Matilda as of that date assuming the acquisition took place on June 30, 2013.  The pro forma condensed combined income statements for the three months ended September 30, 2013 and the year ended June 30, 2013 are based on historical income statements of the Registrant and Banjo & Matilda and assumes the acquisition had occurred on July 1, 2012.

We are providing this information to aid you in your analysis of the financial aspects of the Registrant. These unaudited pro forma condensed financial statements should be read in conjunction with the financial statements of the Registrant and the related notes thereto, included elsewhere in this Report. The unaudited pro forma information is not necessarily indicative of the results of operations that may have actually occurred had the acquisition taken place on the dates noted, or the future financial position or operating results of the combined company.

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BANJO & MATILDA  AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

SEPTEMBER 30, 2013

	Banjo & Matilda Trust			Eastern World Solutions, Inc.			Combined Historical				Proforma Adjustments			Combined Pro Forma
CURRENT ASSETS
Cash and cash equivalents	$	-		$	-		$	-						$	-
Trade and other receivables, net		169,151			-			169,151							169,151
Inventory		405,109			-			405,109							405,109
Other current assets		107,812			-			107,812							107,812
TOTAL CURRENT ASSETS		682,072			-			682,072							682,072
NON-CURRENT ASSETS
Investment in subsidiary										1		4,626,385			-
										2		(4,626,385	)
Intangible assets, net		42,348			-			42,348							42,348
Other receivable		105,012			-			105,012							105,012
Property and equipment, net		8,612			-			8,612							8,612
TOTAL NON-CURRENT ASSETS		155,972			-			155,972							155,972
TOTAL ASSETS	$	838,044		$	-		$	838,044						$	838,044
CURRENT LIABILITIES
Trade and other payables	$	264,177		$	6,164		$	270,341						$	270,341
Trade financing		93,410			-			93,410							93,410
Accrued interest		15,749			-			15,749							15,749
Deposit payable		12,278			-			12,278							12,278
Bank overdraft		3,087			31,664			34,751				-			34,751
TOTAL CURRENT LIABILITIES		388,701			37,828			426,529							426,529
NON-CURRENT LIABILITIES
Loan from related party		638,977			-			638,977							638,977
TOTAL NON-CURRENT LIABILITIES		638,977			-			638,977							638,977
TOTAL LIABILITIES		1,027,678			37,828			1,065,506							1,065,506
STOCKHOLDERS' EQUITY
Common stock - $0.00001 par value, 100,000000 shares		246,581			115			246,696		1		185			264
authorized, 26,436,484 pro forma shares outstanding										2		(246,581	)
										3		460
										4		(496	)
Additional paid in capital		-			76,304			76,304		1		4,626,200			212,357
										2		(4,490,183	)
										3		(460	)
										4		496
Accumulated deficit		(466,918	)		(110,379	)		(577,297	)	2		110,379			(466,918	)
Current income (loss)		(16,780	)		(3,868	)		(20,648	)			-			(20,648	)
Accumulated other comprehensive income (loss)		47,483			-			47,483							47,483
TOTAL STOCKHOLDERS' EQUITY		(189,634	)		(37,828	)		(227,462	)						(227,462	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	838,044		$	-		$	838,044						$	838,044

	Pro Forma Adjustments
#1	Investment in subsidiary	4,626,385
	Common stock		185
	Additional paid in capital		4,626,200
	To record investment for Banjo.  Issuance of 18,505,539 at $0.25 per share
#2	Investment in subsidiary		4,626,385
	Common stock	246,581
	Accumulated deficit		110,379
	Additional paid in capital	4,490,183
	To remove investment during consolidation and adjust equity for reverse merger
#3	Common stock		460
	Additional paid in capital	460
	Stock dividend declared on October 3, 2014
#4	Common stock	496
	Additional paid in capital		496
	Contribution of shares to capital by majority shareholder prior to the share exchange

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BANJO & MATILDA  AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

JUNE 30, 2013

	Banjo & Matilda Trust			Eastern World Solutions, Inc.			Combined Historical				Proforma Adjustments			Combined Pro Forma
CURRENT ASSETS
Cash and cash equivalents	$	11,104		$	-		$	11,104						$	11,104
Trade and other receivables, net		11,120			-			11,120							11,120
Inventory		329,598			-			329,598							329,598
Deferred tax		-			-			-							-
Other current assets		78,505			-			78,505							78,505
TOTAL CURRENT ASSETS		430,327			-			430,327							430,327
NON-CURRENT ASSETS
Investment in subsidiary										1		4,626,385			-
										2		(4,626,385	)
Intangible assets, net		43,310			-			43,310							43,310
Other receivable		142,658			-			142,658							142,658
Property and equipment, net		7,324			-			7,324							7,324
TOTAL NON-CURRENT ASSETS		193,292			-			193,292							193,292
TOTAL ASSETS	$	623,619		$	-		$	623,619						$	623,619
CURRENT LIABILITIES
Trade and other payables	$	395,802		$	7,123		$	402,925						$	402,925
Trade financing		93,968			-			-							-
Accrued interest		13,063			-			13,063							13,063
Advances		-			26,837			26,837				-			26,837
TOTAL CURRENT LIABILITIES		502,833			33,960			536,793							536,793
NON-CURRENT LIABILITIES
Loan from related party		293,640			-			293,640							293,640
TOTAL NON-CURRENT LIABILITIES		293,640			-			293,640							293,640
TOTAL LIABILITIES		796,473			33,960			830,433							830,433
STOCKHOLDERS' EQUITY
Common stock		246,581			115			246,696		1		185			264
$0.00001 par value, 100,000000 shares										2		(246,581	)
authorized, 26,436,484 pro forma shares outstanding										3		460
										4		(496	)
Additional paid in capital		-			76,304			76,304		1		4,626,200			246,317
										2		(4,456,223	)
										3		(460	)
										4		496
Accumulated deficit		(492,293	)		(76,419	)		(568,712	)	2		76,419			(492,293	)
Current income (loss)		21,752			(33,960	)		(12,208	)			-			(12,208	)
Accumulated other comprehensive income (loss)		51,106			-			51,106							51,106
Treasury stock		-			-			-							-
TOTAL STOCKHOLDERS' EQUITY		(172,854	)		(33,960	)		(206,814	)						(206,814	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	623,619		$	-		$	623,619						$	623,619

	Pro Forma Adjustments
#1	Investment in subsidiary	4,626,385
	Common stock		185
	Additional paid in capital		4,626,200
	To record investment for Banjo.  Issuance of 18,505,539 at $0.25 per share
#2	Investment in subsidiary		4,626,385
	Common stock	246,581
	Accumulated deficit		76,419
	Additional paid in capital	4,456,223
	To remove investment during consolidation and adjust equity for reverse merger
#3	Common stock		460
	Additional paid in capital	460
	Stock dividend declared on October 3, 2014
#4	Common stock	496
	Additional paid in capital		496
	Contribution of shares to capital by majority shareholder prior to the share exchange

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BANJO & MATILDA  AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2013

UNAUDITED

	Banjo & Matilda Trust			Eastern World Solutions, Inc.			Combined Historial			Proforma Adjustments				Pro Forma
Revenue, net	$	529,214		$	-		$	529,214			-			$	529,214
Cost of sales		342,293			-			342,293							342,293
Gross profit		186,921			-			186,921							186,921
Operating expenses:
Payroll expenses		82,237			-			82,237							82,237
Administration expenses		32,652			3,868			36,520			-				36,520
Marketing expense		20,940			-			20,940							20,940
Occupancy expenses		9,484
Depreciation and amortization expenses		3,231			-			3,231							3,231
Total operating expenses		148,544			3,868			142,928							142,928
Income (loss) from operations		38,377			(3,868	)		34,509							34,509
Other income (expense)
Finance costs		(51,534	)		-			(51,534	)		-				(51,534	)
Total other income (expense)		(51,534	)		-			(51,534	)						(51,534	)
Income (loss)  before income tax provision		(13,157	)		(3,868	)		(17,025	)						(17,025	)
Income tax provision		-			-			-							-
Net income (loss)	$	(13,157	)	$	(3,868	)	$	(17,025	)					$	(17,025	)
Earnings per share:
Basic	$	(131.570	)	$	(0.00	)	$	(0.00	)					$	(0.00	)
Diluted	$	(131.570	)	$	(0.00	)	$	(0.00	)					$	(0.00	)
Weighted average number of shares outstanding:
											(49,569,055	)	4
											46,000,000		3
Basic		100			11,500,000			11,500,100			18,505,439		1		26,436,484
											(49,569,055	)	4
											46,000,000		3
Diluted		100			11,500,000			11,500,100			18,505,439		1		26,436,484

	Pro Forma Adjustments
#1	To effect shares issued upon reorganization
	The Company did not include potentially dilutive shares issued or outstanding as the effect of those shares would have resulted in an anti dilutive.
#2	Stock dividend declared on October 3, 2013
#3	Contribution of shares to capital by majority shareholder prior to the share exchange

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BANJO & MATILDA  AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT

FOR THE YEAR ENDED JUNE 30, 2013

UNAUDITED

	Banjo & Matilda Trust			Eastern World Solutions, Inc.			Combined Historial			Proforma Adjustments				Pro Forma
Revenue, net	$	1,724,181		$	-		$	1,724,181			-			$	1,724,181
Cost of sales		977,086			-			977,086							977,086
Gross profit		747,095			-			747,095							747,095
Operating expenses:
Payroll expenses		240,450			-			240,450							240,450
Administration expenses		195,422			33,960			229,382			-				229,382
Marketing expense		88,826			-			88,826							88,826
Occupancy expenses		47,518
Depreciation and amortization expenses		8,821			-			8,821							8,821
Total operating expenses		581,037			33,960			567,479							567,479
Income (loss) from operations		166,058			(33,960	)		132,098							132,098
Other income (expense)
Interst income		1			-			1							1
Other income		52,585			-			52,585							52,585
Finance costs		(196,892	)		-			(196,892	)		-				(196,892	)
Total other income (expense)		(144,306	)		-			(144,306	)						(144,306	)
Income (loss)  before income tax provision		21,752			(33,960	)		(12,208	)						(12,208	)
Income tax provision		-			-			-							-
Net income (loss)		21,752			(33,960	)		(12,208	)						(12,208	)
Earnings per share:
Basic	$	217.520		$	(0.00	)	$	(0.00	)					$	(0.00	)
Diluted	$	185.915		$	(0.00	)	$	(0.00	)					$	(0.00	)
Weighted average number of shares outstanding:
											(49,569,055	)	4
											46,000,000		3
Basic		100			11,500,000			11,500,100			18,505,439		1		26,436,484
											(49,569,055	)	4
											46,000,000		3
Diluted		117			11,500,000			11,500,100			18,505,439		1		26,436,484

	Pro Forma Adjustments
#1	To effect shares issued upon reorganization
	The Company did not include potentially dilutive shares issued or outstanding as the effect of those shares would have resulted in an anti dilutive.
#2	Stock dividend declared on October 3, 2013
#3	Contribution of shares to capital by majority shareholder prior to the share exchange

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NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Note 1 – Basis for Pro Forma Presentation

The accompanying condensed combined pro forma financial statements illustrate the effect of the acquisition which was effective on November 14, 2013 between Eastern World Solutions, Inc. (Company), and Banjo & Matilda Trust (Banjo) on the Company's financial position and results of operations. The pro forma condensed combined balance sheets as of September 30, 2013 and as of June 30, 2013 are based on the historical balance sheets of the Company and Banjo as of that date. The pro forma condensed combined balance sheet assumes the acquisition took place as of the earliest balance sheet presented, June 30, 2013.

The pro forma condensed combined income statements for the three months ended September 30, 2013 and for the year ended June 30, 2013 are based on the historical income statements of Banjo and the Company, and assumes the acquisition took place on July 1, 2012.

The pro forma condensed combined financial statements may not be indicative of the actual results of the acquisition and there can be no assurance that the foregoing results will be obtained. In particular, the pro forma condensed combined financial statements are based on the Company’s acquisition on November 14, 2013. The actual may differ.

The accompanying pro forma condensed combined financial statements should be read in conjunction with the historical financial statements of the Company and Banjo.

Note 2 – Acquisition

Eastern World Group, Inc. is an early stage company and was organized to engage in creating, marketing and selling of proprietary engagement marketing technologies and or acquiring complementary technologies and or other companies focused on the development and marketing of such technologies.

Banjo & Matilda Trust was formed in 2009 as a chartered proprietary limited entity in New South Wales, Australia. Banjo designs, produces, markets, distributes and sells luxury cashmere fashion. 

The Reorganization has been accounted for as a reverse merger with Banjo being treated as the accounting acquirer.

Note 3 – Pro Forma Adjustments

Certain adjustments have been made to the historical financial statements in order to prepare the pro forma financial information as if the transaction had occurred at the beginning of the fiscal periods presented.

The adjustments are as follows:

(1) To record stock issuance of 18,505,539 common shares for the acquisition of Banjo at $0.25 per share.

(2) To eliminate the investment in subsidiary during consolidation and adjust equity for the reverse merger.

(3) To record stock dividend declared on October 3, 2014 of 46,000,000 common shares.

(4) To record contribution of shares to capital by majority shareholder prior to the share exchange of 49,569,055 shares of common stock.

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