ONE HOLDINGS, CORP
PROFORMA CONSOLIDATED BALANCE SHEETS
FOR SIX MONTHS ENDED JUNE 30, 2009
IN US$
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ONE Holdings Corp TFS Effects of Consolidated
Jun-09 Jun-09 Acquisition Jun-09
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Assets
Current Assets
Cash and Cash Equivalents 194,832 622,724 817,556
Trade Receivables - 1,037,618 1,037,618
Loan Receivable - 2,287,917 2,287,917
Prepaid Expenses - 122,911 122,911
Inventories - 31,185 31,185
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Total Current Assets 194,832 4,102,355 4,297,187
Fixed Assets, net - 12,708 12,708
Incorporation Costs, net - 21,134 - 21,134
Deferred Tax Asset 8,616 22,433 31,049
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Total Assets 203,448 4,158,630 4,362,078
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Liabilities and Stockholders' Equity
Liabilities
Current Liabilities
Trade Payables - 340,686 340,686
Other Payables and Accrued Expenses 4 - 4
Demand Loans Payable - 3,917,305 3,917,305
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Total Current Liabilities 4 4,257,991 4,257,995
Total Liabilities 4 4,257,991 4,257,995
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Minority Interest - - (43) (43)
Stockholders' Equity
Common Stock: ONE Holdings, Corp. Par Value $0.01 Per Share
Authorized: 750,000 Shares, 101,625,000 Issued
and Outstanding 1,016,250 1 1,016,251
Additional Paid In Capital (660,887) - (660,887)
Cumulative Translation Adjustment - (948) (948)
Accumulated Deficit - (98,414) (98,414)
Retained Earnings (151,919) - 43 (151,876)
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Total Stockholders' Equity 203,444 (99,361) 43 104,126
-------------- ------------ ------------ ------------
Total Liabilities and Stockholders' Equity 203,448 4,158,630 - 4,362,078
============== ============ ============ ============
ONE HOLDINGS, CORP
PROFORMA STATEMENTS OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 2008
IN US$
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ONE Holdings Corp TFS Effects of Consolidated
2008 2008 Acquisition 2008
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Sales Revenue 78,240 7,852,801 7,931,041
Cost of Sales (43,906) (7,015,216) (7,059,122)
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Gross Profit 34,334 837,585 871,919
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Operating Expenses
Advertising Expenses 11,543 - 11,543
Selling Expenses 64,927 - 64,927
General and Administrative - 984,272 984,272
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Total Operating Expenses 76,470 984,272 1,060,742
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Income from Operations (42,136) (146,687) (188,823)
Interest Income - - -
Interest Expense - - -
Other Income - 250,770 250,770
Finance Costs - - -
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Income Before Taxes and Minority Interest (42,136) 104,083 61,947
Income Taxes - (26,430) (26,430)
Minority Interest - - (194) (194)
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Net Income (loss) (42,136) 77,653 (194) 35,323
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Other compehensive Income
----------------- ------------- ------------- -------------
Total Comprehensive Income (42,136) 77,653 (194) 35,323
================= ============= ============= =============
Earnings Per Share
Basic $0.00 $777.00 $0.03
================= ============= =============
Weighted Average Number of Shares Outstanding
Basic 101,625,000 100 101,625,100
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ONE HOLDINGS, CORP
PROFORMA STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2009
IN US$
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ONE Holdings Corp TFS Effects of Consolidated
YTD June 09 YTD June 09 Acquisition YTD June 09
----------------- -----------------------------------------------
Sales Revenue 7,176 3,014,413 3,021,589
Cost of Sales (5,207) (2,693,232) (2,698,439)
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Gross Profit 1,969 321,181 323,150
----------------- ------------- -------------
Operating Expenses
Advertising Expenses 2,933 - 2,933
Selling Expenses 88,927 - 88,927
General and Administrative - 346,851 346,851
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Total Operating Expenses 91,860 346,851 438,711
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Income from Operations (89,891) (25,670) (115,561)
Interest Income - - -
Interest Expense - - -
Other Income 12,306 8,653 20,959
Finance Costs - - -
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Income Before Taxes and Minority Interest (77,585) (17,017) (94,602)
Income Taxes - - -
Minority Interest - - 43 43
----------------- ------------- ------------- -------------
Net Income (loss) (77,585) (17,017) 43 (94,559)
================= ============= ============= =============
Other compehensive Income
----------------- ------------- ------------- -------------
Total Comprehensive Income (77,585) (17,017) 43 (94,559)
================= ============= ============= -------------
Earnings Per Share
Basic $0.00 $0.00 $0.00
================= ============= =============
Diluted $0.00 $0.00 $0.00
================= ============= =============
Weighted Average Number of Shares Outstanding
Basic 101,625,000 100 101,625,100
================= ============= =============
================= =============
Diluted 101,625,000 100 101,625,100
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