Bakbone Software (BKBO) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.3

ColdSpark, Inc.

Balance Sheets

Unaudited

	March 31, 2009			December 31, 2008
Assets
Current assets
Cash and cash equivalents	$	598,356		$	408,006
Restricted cash		50,854			50,854
Accounts receivable		57,027			87,758
Prepaid expenses and other current assets		5,283			10,462
Total current assets		711,520			557,080
Property and equipment, net of accumulated depreciation of $225,966 and $204,026, respectively		188,288			209,949
Deposit		12,052			12,052
Total assets	$	911,860		$	779,081
Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable	$	46,503		$	60,172
Accrued expenses		598,476			566,066
Deferred revenue		1,546,889			1,220,834
Other current liabilities		319,394			298,031
Notes payable		3,000,000			2,500,000
Total current liabilities		5,511,262			4,645,103
Long-term liabilities		68,967			33,887
Total liabilities		5,580,229			4,678,990
Stockholders’ deficit
Series A preferred stock, $0.0001 par value, 7,500,000 shares authorized, 7,264,948 shares issued and outstanding, at liquidation value		6,405,718			6,405,718
Common stock, $.0001 par value, 30,000,000 shares authorized, 15,630,525 shares issued and outstanding		1,563			1,563
Additional paid-in capital		586,352			539,251
Accumulated deficit		(11,662,002	)		(10,846,441	)
Total stockholders’ deficit		(4,668,369	)		(3,899,909	)
Total liabilities and stockholders’ deficit	$	911,860		$	779,081

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ColdSpark, Inc.

Statement of Operations

For the three months ended March 31,

Unaudited

	2009			2008
Net revenues:
Software license revenue	$	185,969		$	263,213
Service and support revenue		269,017			261,583
Total revenues		454,986			524,796
Operating expenses:
Sales and marketing		143,415			232,293
General and administrative		1,052,519			1,169,105
Total operating expenses		1,195,934			1,401,398
Loss from operations		(740,948	)		(876,602	)
Other income/(expense):
Interest income		—			3,766
Interest expense		(74,614	)		(23,738	)
Total other income/(expense)		(74,614	)		(19,972	)
Net loss	$	(815,562	)	$	(896,574	)

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ColdSpark, Inc.

Statement of Cash Flows

For the three months ended March 31,

Unaudited

	2009			2008
Cash flows from operating activities:
Net loss	$	(815,562	)	$	(896,574	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		21,940			26,902
Stock-based compensation		47,101			4,678
Changes in operating assets and liabilities:
Accounts receivable		30,731			(439,192	)
Prepaid expenses and other current assets		5,179			(29,145	)
Accounts payable		(13,669	)		(39,178	)
Accrued expenses		32,410			31,611
Deferred revenue		326,055			333,385
Other current and non liabilities		66,764			—
Net cash used in operating activities		(299,051	)		(1,007,513	)
Cash flows from investing activities:
Decrease in restricted cash		—			52,214
Purchase of property and equipment		(279	)		—
Net cash used in investing activities		(279	)		52,214
Cash flows from financing activities:
Increase in notes payable		500,000			1,000,000
Payments on line of credit		(899	)		—
Principal payments on capitalized lease obligations		(9,421	)		(17,874	)
Net cash provided by financing activities		489,680			982,126
Net increase in cash and cash equivalents		190,350			26,827
Cash and cash equivalents, beginning of year		408,006			340,140
Cash and cash equivalents, end of year	$	598,356		$	366,967
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Capital expenditures funded by capital leases	$	—		$	76,179

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