EXHIBIT 99.4
BRITTON INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
APRIL 30, 2008
(unaudited)
Britton Calico Pro Forma
International Entertainment Pro Forma Condensed
Inc. Group, Inc. Adjustments Combined
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Assets
Current Assets
Cash and cash equivalents $ 910 $ (432) $ 478
Prepaid expenses 596 596
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Total Current Assets 1,506 (432) 1,074
Fixed assets, net - - -
Intangible asset $ 0 20,000 20,000
Goodwill -
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Total Assets 1,506 19,568 21,074
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Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable $ 17,266 $ 0 $ 17,266
Due to related party 64,302 18,852 83,154
Accrued liabilities 10,000 - 1 25,000 35,000
Accrued interest 1,603 - 1,603
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Total Current Liabilites 93,171 18,852 137,023
Long-term debt, net of current portion - - -
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Total Liabilities 93,171 18,852 137,023
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Stockholders' Equity
Common stock 236 - 2 345 581
Common stock - 3,450 2 (3,450) -
Additional paid in capital 91,201 - 2 21,380 112,581
Additional paid in capital 18,275 2 (18,275)
Retained deficits (183,102) (21,009) 1 (25,000) (229,111)
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Total Stockholders' Equity (Deficit) (91,665) 716 (115,949)
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Total Liabilities and
Stockholders' Equity (Deficit) $ 1,506 $ 19,568 $ 0 $ 21,074
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See notes to pro forma condensed combined financial statements.
BRITTON INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED COMBINED INCOME STATEMENT
FOR THE YEAR ENDED APRIL 30, 2008
(unaudited)
Britton Calico Pro Forma
International Entertainment Pro Forma Condensed
Inc. Group, Inc. Adjustments Combined
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General, selling and
administrative expenses $ 31,020 $ 21,009 1 $ 25,000 $ 77,029
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Net loss for the period (31,020) (21,009) - (77,029)
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Nonoperating income ( expense )
Interest income 10 - 10
Interest expense (1,603) - (1,603)
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Total nonoperating income ( expenses ) (1,593) - (1,593)
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Net loss from discontinued operations (20,492) - (20,492)
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Loss before provision for income tax (53,105) (21,009) (99,114)
Provision for income taxes - - -
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Net loss $ (53,105) $(21,009) - $ (99,114)
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Net loss per share:
Basic and Diluted $ (0.0008) $(0.0079) $ (0.0013)
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Weighted average number of shares outstanding:
Basic and Diluted 70,806,270 2,645,367 2 3,450,000 74,256,270
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See notes to pro forma condensed combined financial statements.
BRITTON INTERNATIONAL INC.
NOTES TO PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS
FOR THE YEAR ENDED APRIL 30, 2008
NOTE 1 - BASIS OF PRESENTATION
On August 31, 2008, Britton International Inc. (Britton) acquired 100% of the
issued and outstanding shares of Calico Entertainment Group, Inc. (Calico) in
exchange for 3,450,000 shares of Britton common stock.
Prior to the transaction Britton had 70,806,270 shares of common stock issued
and outstanding. After the transaction Britton had 74,256,270 shares of common
stock outstanding.
The unaudited pro forma condensed combined balance sheet gives effect to the
transaction as if it had occurred on April 30, 2008. The unaudited pro forma
condensed combined statement of operations gives effect to the transaction as if
it had occurred on May 1, 2007. Calico was incorporated on June 21, 2007, thus
all results of operations prior to June 21, 2007 are solely the results of
Britton.
The pro forma adjustments are based on certain assumptions that management
believes are reasonable under the circumstances.
The pro forma information is not necessarily indicative of the results that
would have been reported had the transaction actually occurred on the date
specified, nor is it intended to project results of operations or financial
position for any future period or date.
NOTE 2 - PRO FORMA ADJUSTMENTS
The following pro forma adjustments have been included in the pro forma
financial statements:
1. To record estimated transaction costs related to the acquisition.
2. To reflect the exchange of Calico common stock for Britton common
stock on the date of closing.