CLEARLY CANADIAN BEVERAGE CORPORATION |
Proforma Consolidated Statement of Operation and Comprehensive loss |
(Unaudited) |
(Expressed in thousands of United States dollars, except for share and per share amounts) |
Unaudited | Unaudited | |||||||||||
For the 3 months ended | For the 9 months ended | |||||||||||
September 30 | September 30 | |||||||||||
2007 | September 30 | 2007 | September 30 | |||||||||
$ | 2006 | $ | 2006 | |||||||||
(Proforma) | $ | (Proforma) | $ | |||||||||
Sales | 3,315 | 2,022 | 9,252 | 6,397 | ||||||||
Cost of sales | 2,858 | 1,402 | 7,580 | 4,654 | ||||||||
Gross profit | 457 | 620 | 1,672 | 1,743 | ||||||||
Selling, general and administration expenses | 2,376 | 2,072 | 10,782 | 7,755 | ||||||||
Amortization of property, plant and equipment | 38 | 18 | 69 | 78 | ||||||||
Royalty revenue | - | - | - | (125 | ) | |||||||
Interest income | (64 | ) | (64 | ) | (211 | ) | (70 | ) | ||||
Other income expense | (3 | ) | 3 | (16 | ) | (10 | ) | |||||
Financing cost | - | - | - | 132 | ||||||||
Interest on short-term debt | (5 | ) | - | 6 | 125 | |||||||
Interest on long-term debt | 20 | 1 | 23 | 25 | ||||||||
Interest on convertible note | - | - | - | - | ||||||||
Gain on sale of investments | - | - | - | (201 | ) | |||||||
Foreign exchange loss | 412 | - | 1,061 | - | ||||||||
Loss (gain) on settlement of financial | ||||||||||||
instrument | (135 | ) | 798 | (135 | ) | 798 | ||||||
Restructuring expense | - | - | - | 112 | ||||||||
2,639 | 2,828 | 11,579 | 8,619 | |||||||||
Net loss earnings and comprehensive | ||||||||||||
loss for the period | (2,182 | ) | (2,208 | ) | (9,907 | ) | (6,876 | ) | ||||
Loss per share, basic and diluted | (0.11 | ) | (0.19 | ) | (0.51 | ) | (0.74 | ) | ||||
Weighted average number of shares | ||||||||||||
outstanding | 20,809,731 | 11,754,491 | 19,485,482 | 9,331,203 |
See accompanying notes to proforma consolidated financial statements
CLEARLY CANADIAN BEVERAGE CORPORATION |
Notes to Proforma Consolidated Financial Statements |
(Unaudited) |
(Tabular amounts expressed in thousands of United States dollars, except where indicated) |
Nine months ended September 30, 2007 |
1. | Operating Result : |
The proforma include result of operations of DMR Food Corporation, My Organic Baby Inc., Clearly Canadian Beverage Corporation, CC Beverage (US) Corp. Blue Mountain Springs Ltd. and Clearly Canadian Beverage (International) Corp. for the period January 1, 2007 to September 30, 2007. | |
2. | Proforma presentation |
These interim financial statements have been prepared in accordance with accounting principles generally accepted in United States. | |
The accompanying proforma Financial Statements for the six months ended September 30, 2007 have not been reviewed or audited by the Company’s Auditors. |