Sollensys (SOLS) 8-K/A Sollensys Corp Completes Acquisition of Abstract Media, LLC

Exhibit 99.4

Sollensys Corp and Abstract Media, LLC

Unaudited Proforma Consolidated Balance Sheets

For the Nine Months Ended September 30, 2021

	Sollensys			Abstract
	Corp			Media, LLC							Consolidated
	September 30,			September 30,				Acquisition			September 30,
	2021			2021				Entries			2021
Assets
Current assets:
Cash	$	146,406		$	48,280		(b)	$	(30,000	)	$	164,686
Accounts receivable -net		-			26,079				-			26,079
Inventory		78,000			-				-			78,000
Prepaid expenses		93,369			5,900				-			99,269
Other assets		3,600			-				-			3,600
Total current assets		321,375			80,260				(30,000	)		371,635
Building, land, and improvements- not in service		2,667,246			-				-			2,667,246
Property and equipment, net		233,854			15,386				-			249,240
Intangible assets		-			-		(b) (c)		260,881			260,881
Total Assets	$	3,222,475		$	95,646			$	230,881		$	3,549,002
Liabilities and Stockholders’ Equity:
Current Liabilities:
Accounts payable and accrued liabilities	$	424,015		$	174,332			$	-		$	598,346
Customer deposits -short term		236,429			-				-			236,429
Contract liabilities		-			14,016				-			14,016
Mortgage payable -short term		58,101			-				-			58,101
Loan payable-short term		5,431			-				-			5,431
Note payable to member		-			80,000		(b)		(80,000	)		-
Total Current Liabilities		723,976			268,348				(80,000	)		912,323
Mortgage payable -long term		2,441,899								-		2,441,899
Customer deposits -long term		201,428							-			201,428
Loan payable		20,550			-				-			20,550
Total liabilities		3,387,853			268,348				(80,000	)		3,576,200
Commitments and Contingencies		-			-							-
Stockholders’ Equity
Common stock		100,003			-		(b)		73			100,076
Additional Paid-In Capital		5,730,905			-		(b)		366,147			6,097,052
Accumulated Deficit		(5,996,285	)		(172,702	)	(a)(b)(c)		(55,339	)		(6,224,326	)
Total Stockholders’ Equity		(165,378	)		(172,702	)			310,881			(27,198)
Total Liabilities and Stockholders’ Equity	$	3,222,475		$	95,646			$	230,881		$	3,549,002

Notes

(a) Represents members deficit net of capital contributions and disbursements

(b) Reflects the issuance of 73,244 shares valued at the Company’s private placement memorandum price of 5.00 per share or a value of $336,220 plus $30,000 in cash and the reduction of $80,000 in debt to an LLC member. The Company estimates that all of the purchase price will be allocated to intangible assets with an estimated 10 year amortization period. These estimates will be subject to further analysis and adjustment by the Company as it completes its acquisition accounting

(c) To record amortization for the nine month period ended September 30, 2021

See notes to unaudited pro forma financial statements

F-1

Sollensys Corp and Abstract Media, LLC

Unaudited Proforma Consolidated Statements of Operations

For the Nine Months Ended September 30, 2021

	Sollensys			Abstract
	Corp			Media, LLC							Consolidated
	September 30,			September 30,				Acquisition			September 30,
	2021			2021				Entries			2021
Revenue	$	145,357		$	296,681				-		$	442,038
Cost of sales		167,352			391,104				-			558,456
Gross (loss)		(21,995	)		(94,423	)						(116,418	)
Operating expenses
Depreciation and amortization							(b)		23,717			23,717
Selling, general and administrative expense		2,505,120			148,008				-			2,653,129
Total operating expenses		2,505,120			148,008				(23,717	)		2,629,412
Loss from operations		(2,527,115	)		(242,431	)			(23,717	)		(2,793,264	)
Other income (expense)
Other income		3,675			208,731				-			212,406
Interest expense		(30,767	)		-				-			(30,767	)
Total other income (expense)		(27,092	)		208,731				-			181,639
Net loss	$	(2,554,207	)		(33,700	)			(23,717	)		(2,611,624	)
												-
Basic and fully diluted loss per share	$	(0.03	)	$	-				-		$	(0.03	)
Weighted average number of shares outstanding		99,554,582			-		(a)		521,154			100,075,736

Notes

(a) Reflects 100,002,492 shares outstanding as of September 30, 2021 plus 73,244 acquisition shares

(b) Represents amortization of intangible assets for the nine month period ended September 30, 2021

See notes to unaudited pro forma financial statements

F-2

Sollensys Corp and Abstract Media, LLC

Unaudited Proforma Consolidated Balance Sheets

For the Year Ended December 31, 2020

	Sollensys			Abstract
	Corp			Media, LLC							Consolidated
	December 31,			December 31,				Acquisition			December 31,
	2020			2020				Entries			2020
Assets
Current assets:
Cash	$	129,624		$	35,279		(b)	$	(30,000	)	$	134,903
Accounts receivable -net		-			78,987				-			78,987
Inventory		54,000			-				-			54,000
Other assets		-			4,300				-			4,300
Total current assets		183,624			118,566				(30,000	)		272,190
Property and equipment, net		-			17,650				-			17,650
Intangible assets		-			--		(b)(c)		284,598			284,598
Total assets	$	183,624		$	136,216			$	254,598		$	574,438
Liabilities and Stockholders’ Equity:
Current Liabilities:
Accounts payable  and accrued liabilities	$	46,134		$	85,468			$	-		$	131,602
Customer deposits -short term		17,143			-				-			17,143
Contract liabilities		-			14,016				-			14,016
Note payable to member		-			80,000		(b)		(80,000	)		-
Total current liabilities		63,277			179,484				(80,000	)		162,761
Customer deposits -long term		72,857			-							72,857
Total liabilities		136,134			179,484				(80,000	)		235,618
Commitments and Contingencies		-			-				-			-
Stockholders’ Equity
Common stock		99,355			-		(b)		73			99,428
Additional paid-in capital		3,390,213			-		(b)		366,147			3,756,360
Accumulated deficit		(3,442,078	)		(43,268	)	(a)(b)(c)		(31,622	)		(3,516,968	)
Total Stockholders’ Equity		47,490			(43,268	)			334,598			338,820
Total liabilities and Stockholders’ Equity	$	183,624		$	136,216			$	254,598		$	574,438

Notes

(a) Represents members deficit net of capital contributions and disbursements

(b) Reflects the issuance of 73,244 shares valued at the Company’s private placement memorandum price of 5.00 per share or a value of $336,220 plus $30,000 in cash and the reduction of $80,000 in debt to an LLC member. The Company estimates that all of the purchase price will be allocated to intangible assets with an estimated 10 year amortization period. These estimates will be subject to further analysis and adjustment by the Company as it completes its acquisition accounting

(c) To record amortization for the year ended December 31, 2020

See notes to unaudited pro forma financial statements

F-3

Sollensys Corp and Abstract Media, LLC

Unaudited Proforma Consolidated Statements of Operations

For the Year Ended December 31, 2020

	Sollensys			Abstract
	Corp			Media, LLC							Consolidated
	December 31,			December 31,				Acquisition			December 31,
	2020(a)			2020				Entries			2020
Revenue	$	180,000		$	593,006				-		$	773,006
Cost of sales		30,000			468,313				-			498,313
Gross profit		150,000			124,693				-			274,693
Operating expenses
Depreciation and amortization		-			7,363		(c)		31,622			38,985
Selling, general and administrative expenses		3,063,903			259,909							3,323,812
Total operating expenses		3,063,903			267,272				31,622			3,362,797
Loss from operations		(2,913,903	)		(142,579	)			(31,622	)		(3,088,104	)
Other income (expense)
Gain from the extinguishment of debt		85,771			148,000				-			233,771
Interest expense					(7,684	)			-			(7,684	)
Total other income		85,771			140,316				-			226,087
Net loss	$	(2,828,132	)		(2,263	)			(31,622	)		(2,862,017	)
Basic and fully diluted loss per share	$	(0.19	)	$	-				-		$	(0.03	)
Weighted average number of shares outstanding		14,910,512			-		(b)		85,165,224			100,075,736

Notes

(a) Represents nine months ended December 31, 2020 due to the change of the Company’s year end on From 10-KT

(b) Reflects 100,002,492 shares outstanding as of September 30, 2021 plus 73,244 acquisition shares

(c) To record amortization for the year ended December 31, 2020

See notes to unaudited pro forma financial statements

F-4