Exhibit 99.3
The results of the operations for JME I, Inc. (dba Key Tax) have been included in the consolidated financial statements since the date of the acquisitions (May 8, 2019). The following table presents the unaudited pro forma results of continuing operations for the three and six months ended June 30, 2019 and 2018, respectively, as if the acquisitions had been consummated at the beginning of the period presented. The pro forma results of continuing operations are prepared for comparative purposes only and do not necessarily reflect the results that would have occurred had the acquisitions occurred at the beginning of the period presented or the results which may occur in the future.
CARDIFF LEXINGTON CORP. AND SUBSIDIARIES
PROFORM A CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30, 2019
CDIX and subsidiaries | Key Tax | Pro Forma adjustment | Pro forma combined total | |||||||||||||
REVENUE | 1,130,453 | 294,432 | – | 1,424,885 | ||||||||||||
NET INCOME (LOSS) FOR THE PERIOD | $ | (1,278,195 | ) | $ | 10,055 | $ | – | $ | (1,268,139 | ) |
1 |
CARDIFF LEXINGTON CORP. AND SUBSIDIARIES
PROFORMA CONSOLIDATED STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30,2019
CDIX and subsidiaries | Key Tax | Pro Forma adjustment | Pro forma combined total | |||||||||||||
REVENUE | 2,332,466 | 515,256 | 2,847,722 | |||||||||||||
NET INCOME (LOSS) FOR THE PERIOD | $ | (6,021,706 | ) | $ | 17,597 | $ | – | $ | (6,004,109 | ) |
2 |
CARDIFF LEXINGTON CORP. AND SUBSIDIARIES
PROFORMA CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED JUNE 30,2018
CDIX and subsidiaries | Key Tax | Pro Forma adjustment | Pro forma combined total | |||||||||||||
REVENUE | 560,863 | 530,714 | – | 1,091,577 | ||||||||||||
NET INCOME (LOSS) FOR THE PERIOD | $ | (603,869 | ) | $ | 64,606 | $ | – | $ | (539,263 | ) |
3 |
CARDIFF LEXINGTON CORP. AND SUBSIDIARIES
PROFORMA CONSOLIDATED STATEMENTS OF OPERATIONS
SIX MONTHS ENDED JUNE 30,2018
CDIX and subsidiaries | Key Tax | Pro Forma adjustment | Pro forma combined total | |||||||||||||
REVENUE | 829,442 | 928,750 | – | 1,758,192 | ||||||||||||
NET INCOME (LOSS) FOR THE PERIOD | $ | (696,588 | ) | $ | 113,061 | $ | – | $ | (583,527 | ) |
4 |