Exhibit 99.03
Unaudited Proforma Income Statement For the six months ending January 31, 2013 | |||||||
Havana Furnishings, Inc. Six months ending January 31, 2013 | Nuzee Co., Ltd. Six months ending January 31, 2013 | Adjustment | Proforma | ||||
Revenues | - | 36,860 | - | 36,860 | |||
Cost of revenues | - | 245,303 | - | 245,303 | |||
Gross profit | - | (208,444) | - | (208,444) | |||
Operating expenses | 33,949 | 360,546 | - | 394,495 | |||
Loss from operations | (33,949) | (568,990) | - | (602,939) | |||
Interest expense, net | - | - | - | - | |||
Other Income | - | 608 | - | 608 | |||
Net loss | (33,949) | (568,382) | - | (602,331) | |||
Proforma Balance Sheet As of January 31, 2013 | |||||||||
Havana Furnishings, Inc. January 31, 2013 | Nuzee Co., Ltd. January 31, 2013 | Adjustments | Proforma | ||||||
Assets | |||||||||
Current assets | |||||||||
Cash | 2,757 | 1,427 | 4,184 | ||||||
Accounts receivable, net | - | 178 | 178 | ||||||
Subscription receivable | - | 122 | - | 122 | |||||
Inventory, net | 30,502 | 30,502 | |||||||
Prepaid expenses and deposits | - | 219,991 |
| 219,991 | |||||
Total current assets | 2,757 | 252,220 | 254,977 | ||||||
Equipment, net | - | 2,351 | 2,351 | ||||||
Intellectual property | 42,818 | 42,818 | |||||||
Total assets | 2,757 | 297,389 |
| 300,146 | |||||
Liabilities and Stockholders' Deficit | |||||||||
Current liabilities | |||||||||
Accounts payable | 2,700 | 26,004 | 28,704 | ||||||
Other liabilities, including advances from affiliates | 22,015 | 189,661 | - | 211,676 | |||||
Other current liabilities | - | - |
| - | |||||
Total current liabilities | 24,715 | 215,665 | 240,380 | ||||||
Note payable - related party | - | - |
| - | |||||
Total liabilities | 24,715 | 215,665 |
| 240,380 | |||||
Commitments | |||||||||
Stockholders' deficit | |||||||||
Common stock | 62 | - | 62 | ||||||
Additional paid-in capital | 47,938 | 747,407 | (665,683) | 129,662 | |||||
Retained earnings (Accumulated deficit) | (69,958) | (665,683) | 665,683 | (69,958) | |||||
Total stockholders' equity (deficit) | (21,958) | 81,724 | 59,766 | ||||||
Total liabilities and stockholders' deficit | 2,757 | 297,389 |
| 300,146 | |||||