Exhibit 99.1
ORISUN ACQUISITION CORP.
BALANCE SHEET
AUGUST 6, 2019
August 6, | Pro Forma | |||||||||||
2019 | Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 652,039 | $ | - | $ | 652,039 | ||||||
Prepaid expenses | 72,500 | - | 72,500 | |||||||||
Total Current Assets | 724,539 | - | 724,539 | |||||||||
Marketable securities held in Trust Account | 40,000,000 | 4,400,240 | 44,400,240 | |||||||||
Total Assets | $ | 40,724,539 | $ | 4,400,240 | $ | 45,124,779 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Promissory note – related party | $ | 234,000 | - | 234,000 | ||||||||
Total Current Liabilities | 234,000 | - | 234,000 | |||||||||
Deferred underwriting fee payable | 1,200,000 | 132,010 | 1,332,010 | |||||||||
Total Liabilities | 1,434,000 | 132,010 | 1,566,010 | |||||||||
Commitments | ||||||||||||
Common stock subject to possible redemption, 3,429,053 and 3,855,876 shares at redemption value | 34,290,530 | 4,268,230 | 38,558,760 | |||||||||
Stockholders’ Equity | ||||||||||||
Common stock, $0.00001 par value; 30,000,000 shares authorized; 1,940,947 and 1,927,359 shares issued and outstanding (excluding 3,429,053 and 3,855,876 shares subject to possible redemption) | 19 | - | 19 | |||||||||
Additional paid in capital | 5,017,665 | - | 5,017,665 | |||||||||
Accumulated deficit | (17,675 | ) | - | (17,675 | ) | |||||||
Total Stockholders’ Equity | 5,000,009 | - | 5,000,009 | |||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 450,724,539 | $ | 4,400,240 | $ | 45,124,779 |