Exhibit 99.3
OWP VENTURES, INC. / PUNTO GROUP, CORP.
PRO FORMA CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
As of September 30, 2018 | ||||||||||||||||
OWP | Punto Group, | Pro Forma | ||||||||||||||
Ventures, Inc. | Corp. | Elimination | Combined | |||||||||||||
ASSETS | ||||||||||||||||
Current assets | $ | 318,382 | $ | - | $ | - | $ | 318,382 | ||||||||
Other assets | 253,398 | - | - | 253,398 | ||||||||||||
Total assets | $ | 571,780 | $ | - | $ | - | $ | 571,780 | ||||||||
LIABILITIES AND EQUITY (DEFICIT) | ||||||||||||||||
Current liabilities | $ | 282,405 | $ | 124,244 | $ | - | $ | 406,649 | ||||||||
Total liabilities | 282,405 | 124,244 | - | 406,649 | ||||||||||||
Stockholders’ equity (deficit): | ||||||||||||||||
Preferred Stock | - | - | - | - | ||||||||||||
Common stock | 3,315 | 5,290 | (3,315 | ) | 5,290 | |||||||||||
Additional paid-in capital | 938,731 | 24,510 | (649,356 | ) | 313,885 | |||||||||||
Stock Receivable | (2,105 | ) | - | 2,105 | - | |||||||||||
Accumulated other comprehensive income | 20,453 | - | (20,453 | ) | - | |||||||||||
Accumulated deficit | (671,019 | ) | (154,044 | ) | 671,019 | (154,044 | ) | |||||||||
Total stockholders’ equity (deficit) | 289,375 | (124,244 | ) | - | 165,131 | |||||||||||
Total liabilities and stockholders’ equity (deficit) | $ | 571,780 | $ | - | $ | - | $ | 571,780 |
As of December 31, 2017 | ||||||||||||||||
OWP | Punto Group, | Pro Forma | ||||||||||||||
Ventures, Inc. | Corp. | Elimination | Combined | |||||||||||||
ASSETS | ||||||||||||||||
Current assets | $ | 8,904 | $ | - | $ | - | $ | 8,904 | ||||||||
Total assets | $ | 8,904 | $ | - | $ | - | $ | 8,904 | ||||||||
LIABILITIES AND EQUITY (DEFICIT) | ||||||||||||||||
Current liabilities | $ | 3,513 | $ | 98,345 | $ | - | $ | 101,858 | ||||||||
Total liabilities | 3,513 | 98,345 | - | 101,858 | ||||||||||||
Stockholders’ equity (deficit): | ||||||||||||||||
Preferred Stock | - | - | - | - | ||||||||||||
Common stock | 96,519 | 5,290 | (96,519 | ) | 5,290 | |||||||||||
Additional paid-in capital | - | 24,510 | 5,391 | 29,901 | ||||||||||||
Accumulated other comprehensive income | 1,900 | - | (1,900 | ) | - | |||||||||||
Accumulated deficit | (93,028 | ) | (128,145 | ) | 93,028 | (128,145 | ) | |||||||||
Total stockholders’ equity (deficit) | 5,391 | (98,345 | ) | - | (92,954 | ) | ||||||||||
Total liabilities and stockholders’ equity (deficit) | $ | 8,904 | $ | - | $ | - | $ | 8,904 |
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OWP VENTURES, INC. / PUNTO GROUP, CORP.
PRO FORMA STATEMENTS OF OPERATIONS
(Unaudited)
For the Nine Months Ended | ||||||||||||
September 30, 2018 | ||||||||||||
OWP | Punto Group, | Pro Forma | ||||||||||
Ventures, Inc. | Corp. | Combined | ||||||||||
Revenue | $ | - | $ | - | $ | - | ||||||
Operating expenses | 675,884 | 25,900 | 701,784 | |||||||||
Net operating loss | (675,884 | ) | (25,900 | ) | (701,784 | ) | ||||||
Other income (expense) | 4,865 | - | 4,865 | |||||||||
Net loss | $ | (671,019 | ) | $ | (25,900 | ) | $ | (696,919 | ) | |||
Gain on foreign currency translation | 18,553 | - | 18,553 | |||||||||
Net other comprehensive loss | $ | (652,466 | ) | $ | (25,900 | ) | $ | (678,366 | ) | |||
Weighted average number of common shares outstanding - basic and fully diluted | 31,015,979 | 1,322,500 | 1,322,500 | |||||||||
Net loss per share - basic and fully diluted | $ | (0.02 | ) | $ | (0.02 | ) | $ | (0.53 | ) |
For the Nine Months Ended | ||||||||||||
September 30, 2017 | ||||||||||||
OWP | Punto Group, | Pro Forma | ||||||||||
Ventures, Inc. | Corp. | Combined | ||||||||||
Revenue | $ | - | $ | - | $ | - | ||||||
Operating expenses | 1,011 | 26,276 | 27,287 | |||||||||
Net operating loss | (1,011 | ) | (26,276 | ) | (27,287 | ) | ||||||
Other income (expense): | - | - | - | |||||||||
Net loss | $ | (1,011 | ) | $ | (26,276 | ) | $ | (27,287 | ) | |||
Loss on foreign currency translation | (527 | ) | - | (527 | ) | |||||||
Net other comprehensive loss | $ | (1,538 | ) | $ | (26,276 | ) | $ | (27,814 | ) | |||
Weighted average number of common shares outstanding - basic and fully diluted | 100 | 1,322,500 | 1,322,500 | |||||||||
Net loss per share - basic and fully diluted | $ | (10.11 | ) | $ | (0.02 | ) | $ | (0.02 | ) |
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For the Year Ended | ||||||||||||
December 31, 2017 | ||||||||||||
OWP | Punto Group, | Pro Forma | ||||||||||
Ventures, Inc. | Corp. | Combined | ||||||||||
Revenue | $ | - | $ | - | $ | - | ||||||
Operating expenses | 93,028 | 56,880 | 149,908 | |||||||||
Net operating loss | (93,028 | ) | (56,880 | ) | (149,908 | ) | ||||||
Other income (expense): | - | - | - | |||||||||
Net loss | $ | (93,028 | ) | $ | (56,880 | ) | $ | (149,908 | ) | |||
Gain on foreign currency translation | 1,900 | - | 1,900 | |||||||||
Net other comprehensive loss | $ | (91,128 | ) | $ | (56,880 | ) | $ | (148,008 | ) | |||
Weighted average number of common shares outstanding - basic and fully diluted | 100 | 1,322,500 | 1,322,500 | |||||||||
Net loss per share - basic and fully diluted | $ | (930.28 | ) | $ | (0.04 | ) | $ | (0.11 | ) |
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