I-ON Digital (IONI) 8-K/A Financial Statements and Exhibits

Exhibit 99.2

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

The following supplemental pro forma information of I-ON Communications Corp., f/k/a Evans Brewing Company, Inc. (“Evans”) is presented for informational purposes only, as an aid to understanding the combined financial results of I-ON Communications Co, Ltd. and Evans Brewing Company, Inc. This unaudited pro forma condensed combined financial information should not be considered a substitute for the historical financial information prepared in accordance with generally accepted accounting principles (“GAAP”), as presented in Exhibit 99.1 and 99.2 of this Current Report on Form 8-K. The unaudited pro forma consolidated financial information disclosed in this report is for illustrative purposes only and is not necessarily indicative of results of operations that would have been achieved had the pro forma events taken place on the dates indicated, or of the Company’s future consolidated results of operations.

On January 25, 2018, Evans executed an Agreement of Merger and Plan of Reorganization (the “Merger Agreement”), with I-ON Communications Co., Ltd., a company organized under the laws of the Republic of Korea (South Korea) (“I-ON”) and I-ON Acquisition Corp., a wholly-owned subsidiary of Evans (“Acquisition”). Pursuant to the terms of the Merger Agreement, Acquisition merged with and into I-ON in a statutory reverse triangular merger (the “Merger”) with I-ON surviving as a wholly-owned subsidiary of Evans.  As consideration for the Merger, Evans agreed to issue the shareholders of I-ON (the “I-ON Holders”) an aggregate of 26,000,000 shares of Evans’ common stock, par value $0.001 per share (the “Common Stock”) in accordance with their pro rata ownership of I-ON capital stock.  Following the Merger, Evans adopted the business plan of I-ON in information technology consultancy and software development.

The Merger will be accounted for as a reverse business combination. Under this method of accounting, I-ON will be treated as the acquiring company for financial reporting purposes. Accordingly, for accounting purposes, the Merger will be treated as the equivalent of Evans issuing stock for the net assets of I-ON, accompanied by a recapitalization. The net liabilities of Evans will be stated at fair value, while the assets and liabilities of I-ON are recognized at their historical basis.

The unaudited pro forma condensed combined financial statements are derived from and should be read in conjunction with historical consolidated financial statements and related notes of I-ON, which are included in its financial statements for the years ended December 31, 2017 and 2016, which are filed as Exhibit 99.1 and 99.2 of the Current Report on Form 8- K to which this is an exhibit. The unaudited pro forma condensed combined balance sheet as of December 31, 2017, are presented herein.

12/31/2017
ASSETS	Evans Brewing			I-ON Communications Ltd. (a)		Pro-forma Adjustments			I-ON Communications Corp.
Current Assets
Cash		-			1,439,700		-			1,439,700
Restricted cash		-			1,795,781		-			1,795,781
Short-term financial instruments		-			746,687		-			746,687
Short-term loans		-			112,003		-			112,003
Accounts receivable		124,638			4,014,388		-			4,139,026
Misc receivable		400,000			-		-			400,000
Inventory		292,764			-		-			292,764
Deposits-short term		47,203			-		-			47,203
Prepaid expense and other		25,600			537,402					563,002
Total Current Assets		890,204			8,785,044		-			9,675,248
Non-current Assets
Investments		-			136,271		-			136,271
Property & equipment, net		1,596,945			69,455		-			1,666,400
Intangible assets, net		-			74,642		-			74,642
Deposits		67,500			392,095		-			459,595
Liquor license		135,968			-		-			135,968
Deferred tax asset		11,668			879,957		-			891,625
Total Non-current Assets		1,812,081			1,552,420		-			3,364,501
Total Assets		2,702,285			10,198,381		-			12,900,666
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Bank overdraft		30,976			-		-			30,976
Accounts payable		387,846			520,045		-			907,891
Accrued interest		58,801			-		-			58,801
Accrued salary		54,832			-		-			54,832
Accrued expenses and other		-			1,197,005		-			1,197,005
Value-added tax payable		-			184,186		-			184,186
Deferred revenue		14,215			-		-			14,215
Payable-credit cards		20,417			-		-			20,417
Refundable deposits		96,684			-		-			96,684
Total notes payable		2,524,378			-		-			2,524,378
Total Current Liabilities		3,188,151			1,901,236		-			5,228,470
Long Term Liabilities
Long-term debt, net of current portion		-			280,007		-			280,007
Deferred tax liability		11,668			-		-			11,668
Total Long Term Liabilities		11,668			280,007		-			291,675
Total Liabilities		3,199,819			2,320,326		-			5,520,146
Stockholders' Equity
Preferred stock		100			-		(100	)		-
Common stock		490			1,203,383		(1,200,673	)		3,200
Additional paid in capital		3,510,977			2,011,254		(798,688	)		4,723,543
Accumulated other comprehensive loss					274,468					274,468
Accumulated deficit		(4,009,100	)		4,527,781					518,681
Non-controlling interests					252					252
Total Company Stockholders' Equity		(497,533	)		8,017,138					7,519,605
Total Liabilities and Stockholders' Equity		2,702,285			10,198,381		-			12,900,666

(a) Reflects 100% of assets, liabilities, income and expenses of I-ON Communications, Ltd.

	Evans Brewing			I-ON Communications Ltd. (a)			Pro-forma adjustments		I-ON Communications Corp
Net Sales		2,336,804			9,206,355			-		11,543,159
Cost of goods sold		2,347,515			6,199,386			-		8,546,901
Gross Profit		(10,711	)		3,006,969			-		2,996,258
Operating Expense:
General and administrative		1,370,386			1,749,576			-		3,119,962
Research and development		-			670,714			-		670,714
Total operating expense		1,370,386			2,420,290			-		3,790,676
Income from operations		(1,381,097	)		586,679			-		(794,418	)
Other income (expense)		321			-			-
Interest income		-			49,020			-		49,020
Gain on foreign currency exchange, net		-			(12,525	)		-		(12,525	)
Miscellaneous income (expense), net		-			(393,006	)		-		(393,006	)
Interest expense		(60,717	)		(10,149	)		-		(70,866	)
Total other income (expense), net		(60,396	)		(366,660	)		-		(427,056	)
								-
Income before provision for income taxes		(1,441,493	)		220,019			-		(1,221,474	)
Provision for income tax		5,570			146,901			-		152,471
Net income before income or loss on equity investments in affiliates and non-controlling interest		(1,447,063	)		73,118			-		(1,373,945	)
Income (loss) on equity investments in affiliates		-			(54,100	)		-		(54,100	)
Net income (loss) before non-controlling interest		(1,447,063	)		19,018			-		(1,428,045	)
Non-controlling interest		-			91			-		91
Net income (loss)		(1,447,063	)		19,109			-		(1,427,954	)
Earnings (loss) per share;								-
Basic and Diluted		(0.30	)		(0.01	)		-		(0.04	)
Weighted average number of shares outstanding (Basic and Diluted)		4,802,240			2,808,214			-		32,000,000
								-
Comprehensive income statement:								-
Net income		(1,447,063	)		19,018			-		(1,428,045	)
Foreign currency translation		-			747,785			-		747,785
Total comprehensive income		-			766,803			-		766,803