KID CASTLE EDUCATIONAL CORPORATION | ||||||||||
Unaudited Proforma Balance Sheet | ||||||||||
December 31, 2018 | ||||||||||
Kid Castle Educational Corporation | Cannabinoid Biosciences, Inc | Eliminations | Total | |||||||
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| ASSETS |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
| $ - |
| $ 1,393 |
|
|
| $ 1,393 | ||
|
|
|
| |||||||
Total Current Assets |
| $ - |
| $ 1,393 |
| $ - |
| $ 1,393 | ||
Fixed Assets | $ - | $ - | $ - | $ - | ||||||
| Total assets |
| $ - |
| $ 1,393 |
| $ - |
| $ 1,393 | |
LIABILITIES AND STOCKHOLDERS' DEFICIT |
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|
|
|
| |||
Liabilities: |
|
|
|
|
|
|
|
|
|
|
Current liabilities | $ - | $ 2,400 | $ 2,400 | |||||||
Long-term liabilities |
| $ 240,000 |
| $ 9,038 |
| $ - |
| $ �� 249,038 | ||
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|
|
| |||||||
Total liabilities |
|
| 240,000 |
| 11,438 |
| - |
| 251,438 | |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' deficit: | ||||||||||
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding | - |
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|
|
|
|
| |||
Common stock ($0.0001 par value) | 30,000 | 1,670 | (1,670) | 30,000 | ||||||
100,000,000 shares authorized, no par |
|
|
|
|
|
|
| |||
30,000,000 issued and outstanding on 06/30/2019, and | (10,045) | (10,045) | ||||||||
Additional Paid-in Capital |
| 7,368,660 |
| 25,230 |
| (25,230) |
| 7,368,660 | ||
Accumulated Deficits | (7,638,660) | (36,945) | 36,945 | (7,638,660) | ||||||
Total stockholders' equity |
| (240,000) |
| (10,045) |
|
|
| (250,045) | ||
Total liabilities and stockholders' equity | $ - | $ 1,393 |
| $ 1,393 | ||||||
| ||||||||||
KID CASTLE EDUCATIONAL CORPORATION | ||||||||||
Unaudited Proforma Statements of Operations | ||||||||||
December 31, 2018 | ||||||||||
Kid Castle Educational Corporation |
| Cannabinoid Biosciences, Inc. | Eliminations | Total | ||||||
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|
|
| |||||||
REVENUE |
|
|
|
|
|
|
|
|
|
|
Total revenue | $ - | $ - | $ - | $ - | ||||||
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|
|
|
|
|
|
|
|
|
EXPENSES: |
|
|
|
|
|
|
|
|
|
|
| Rent expense |
|
|
| 7,560 |
|
|
| 7,560 | |
Telephone expense | 3,941 | 3,941 | ||||||||
| Other operating expenses |
|
| 18,653 |
|
|
| �� 18,653 | ||
| Total operating expenses |
|
|
| 30,154 |
| - |
| 30,154 | |
NET LOSS FROM OPERATIONS |
|
|
| (30,154) |
| - |
| (30,154) | ||
|
|
|
|
|
|
|
|
|
|
|
NET LOSS | $ - |
| $ (30,154) | $ - | $ (30,154) | |||||
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|
|
|
|
|
|
|
Basic and diluted loss per common share | $ - |
| $ (0.00181) | $(0.00101) | ||||||
Weighted average number of common | ||||||||||
Shares outstanding basic and diluted | 30,000,000 |
| 16,700,000 | (16,700,000) | 30,000,000 | |||||
KID CASTLE EDUCATIONAL CORPORATION | ||||||||||
Unaudited Proforma Balance Sheet | ||||||||||
June 30, 2019 | ||||||||||
Kid Castle Educational Corporation | Cannabinoid Biosciences, Inc | Eliminations | Total | |||||||
ASSETS | ||||||||||
Cash and cash equivalents |
| $ - |
| $ 18,442 |
|
|
| $ 18,442 | ||
|
|
|
| |||||||
Total Current Assets |
| $ - |
| $ 18,442 |
| $ - |
| $ 18,442 | ||
Fixed Assets |
| $ - |
| $ 4,200 |
| $ - |
| $ 4,200 | ||
Total assets |
| $ - |
| $ 22,642 |
| $ - |
| $ 22,642 | ||
LIABILITIES AND STOCKHOLDERS' DEFICIT |
|
|
|
|
|
|
| |||
Liabilites: |
|
|
|
|
|
|
|
|
|
|
Current liabilities | $ - | $ 2,400 | $ 2,400 | |||||||
Long-term liabilities |
| $ 240,000 |
| $ 4,934 |
| $ - |
| $ 244,934 | ||
|
|
|
| |||||||
Total liabilities |
|
| $ 240,000 |
| 7,334 |
| - |
| 247,334 | |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' deficit: | ||||||||||
Preferred stock, $.001 par value, 1,000,000 shares authorized, 0 issued and outstanding | - |
|
|
|
|
|
| |||
Common stock ($0.0001 par value) | 30,000 | 1,971 | (1,971) | 30,000 | ||||||
100,000,000 shares authorized, no par |
|
|
|
|
|
|
| |||
30,000,000 issued and outstanding on 06/30/2019, and | 15,308 | 15,308 | ||||||||
Additional Paid-in Capital |
| 7,368,660 |
| 117,459 |
| (117,459) |
| 7,368,660 | ||
Accumulated Deficits | (7,638,660) | (104,122) | 104,122 | (7,638,660) | ||||||
Total stockholders' equity | (240,000) |
| 15,308 |
| 0 |
| (224,692) | |||
Total liabilities and stockholders' equity | $ - | $ 22,642 | # | $ 0 | # | $ 22,642 |
KID CASTLE EDUCATIONAL CORPORATION | ||||||||||
Unaudited Proforma Statements of Operations | ||||||||||
June 30, 2019 | ||||||||||
Kid Castle Educational Corporation |
| Cannabinoid Biosciences, Inc. | Eliminations | Total | ||||||
|
|
|
| |||||||
REVENUE |
|
|
|
|
|
|
|
|
|
|
Total revenue | $ - | $ - | $ - | $ - | ||||||
|
|
|
|
|
|
|
|
|
|
|
EXPENSES: | ||||||||||
| Rent expense |
|
|
| 24,928 |
|
|
| 24,928 | |
Telephone expense | 8,198 | 8,198 | ||||||||
| Other operating expenses |
|
| 70,996 |
|
|
| 70,996 | ||
| Total operating expenses |
|
|
| 104,122 |
| - |
| 104,122 | |
NET LOSS FROM OPERATIONS |
|
|
| (104,122) |
| - |
| (104,122) | ||
|
|
|
|
|
|
|
|
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|
|
NET LOSS | $ - |
| $ (104,122) | $ - | $(104,122) | |||||
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|
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|
|
|
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|
|
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Basic and diluted loss per common share | $ - |
| $ (0.00529) |
| $(0.00347) | |||||
Weighted average number of common | ||||||||||
Shares outstanding basic and diluted | 30,000,000 |
| 19,700,000 | (19,700,000) | 30,000,000 |