Legacy Ventures International (LGYV) 8-K/A Financial Statements and Exhibits

Exhibit 99.2

NEXALIN TECHNOLOGY, INC.

financial statements

as of and for the three months ended september 30, 2017 and 2016

EXPLANATORY NOTE

The following interim financial statements for Nexalin Technology, Inc., a Nevada corporation (“Nexalin”), as of and for the three months ended September 30, 2017 and 2016, are unaudited and not reviewed by Nexalin’s independent registered accounting firm. They are being furnished herewith for illustrative purposes only and are not necessarily indicative of the consolidated financial position or results of operations in future periods or the results that actually would have been realized had the Legacy Ventures International, Inc., (the “Company”, "Legacy") and Nexalin been a combined company during the specified periods. Reviewed, but unaudited condensed consolidated financial statements will be provided once Legacy files its 10-Q for its first fiscal quarter ended September 30, 2017 with Securities and Exchange Commission. 

NEXALIN TECHNOLOGY INC.

BALANCE SHEETS

	September 30,			June 30,
	2017			2017
	(Unaudited)
ASSETS
Current Assets:
Cash	$	536,572		$	165,695
Accounts receivable, net		40,185			45,299
Inventory, net		2,486			1,789
Prepaid expenses and other current assets		9,643			16,750
Total current assets		588,886			229,533
Other Assets:
Property and equipment, net		10,509			11,846
Total Assets	$	599,395		$	241,379
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued expenses	$	575,459		$	665,803
Accrued interest		7,687			6,157
Loans payable		600,873			100,873
Total current liabilities		1,184,019			772,833
Total liabilities		1,184,019			772,833
Commitments and Contingencies		-			-
Shareholders' Deficit:
Common stock, par value $.001 per share, 100,000,000 shares authorized; 18,426,796 and 18,076,457 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively		18,427			18,076
Additional paid-in capital		13,120,292			12,751,717
Accumulated deficit		(13,723,343	)		(13,301,247	)
Total shareholders' deficit		(584,624	)		(531,454	)
Total Liabilities and Shareholders' Deficit	$	599,395		$	241,379

The accompanying notes are an integral part of these financial statements.

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NEXALIN TECHNOLOGY INC.

STATEMENTS OF OPERATIONS

	For the Three Months Ended
	September 30,			September 30,
	2017			2016
	(Unaudited)			(Unaudited)
Revenues	$	94,792		$	130,246
Cost of sales		17,867			929
Gross profit		76,925			129,317
Operating expenses:
General & administrative		102,439			65,401
Depreciation & amortization		1,336			3,110
Officer compensation		78,183			67,500
Professional fees		283,611			89,581
Sales & marketing		16,068			46,528
Other operating expenses		15,853			30,120
Total operating expenses		497,490			302,240
Loss from operations		(420,565	)		(172,923	)
Other expense:
Interest expense		(1,531	)		(920	)
Total other expense		(1,531	)		(920	)
Loss before income taxes		(422,096	)		(173,843	)
Income tax expense		-			-
Net loss	$	(422,096	)	$	(173,843	)
Basic and diluted net loss per common share	$	(0.02	)	$	(0.01	)
Basic and diluted weighted average common shares outstanding		18,240,256			17,586,780

The accompanying notes are an integral part of these financial statements.

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NEXALIN TECHNOLOGY INC.

STATEMENTS OF CASH FLOWS

	For the Three Months Ended
	September 30,			September 30,
	2017			2016
	(Unaudited)			(Unaudited)
Operating Activities:
Net loss	$	(422,096	)	$	(173,843	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,336			3,110
Changes in operating assets and liabilities:
Accounts receivable		5,114			(28,572	)
Inventory		(697	)		-
Prepaid expenses and other current assets		7,107			(3,116	)
Accrued interest		1,531			920
Accounts payable and accrued expenses		(90,344	)		17,500
Net Cash Used in Operating Activities		(498,049	)		(184,001	)
Financing Activities:
Stock issued for cash		368,926			77,209
Receipt of cash for capital contribution		-			48,543
Proceeds from loans payable		500,000			-
Net Cash Provided by Financing Activities		868,926			125,752
Net Increase (Decrease) in Cash		370,877			(58,249	)
Cash - Beginning of Period		165,695			272,238
Cash - End of Period	$	536,572		$	213,989
Supplemental disclosure of cash flow information:
Interest paid in cash	$	-		$	-
Income taxes paid in cash	$	-		$	-

The accompanying notes are an integral part of these financial statements.

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