Exhibit 99.1
CHARDAN HEALTHCARE ACQUISITION 2 CORP.
BALANCE SHEET
APRIL 28, 2020
Pro Forma | ||||||||||||
April 28, 2020 | Adjustments | As Adjusted | ||||||||||
(unaudited) | (unaudited) | |||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash | $ | 1,128,077 | $ | - | $ | 1,128,077 | ||||||
Prepaid expenses | 96,800 | - | 96,800 | |||||||||
Total Current Assets | 1,224,877 | - | 1,224,877 | |||||||||
Cash held in Trust Account | 85,000,000 | 1,226,440 | 86,226,440 | |||||||||
Total Assets | $ | 86,224,877 | $ | 1,226,440 | $ | 87,451,317 | ||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
Current liabilities | ||||||||||||
Accrued expenses | 16,747 | - | 16,747 | |||||||||
Accrued offering costs | 35,000 | - | 35,000 | |||||||||
Promissory note – related party | 30,000 | - | 30,000 | |||||||||
Total Current Liabilities | 81,747 | - | 81,747 | |||||||||
Promissory note – related party | 500,000 | - | 500,000 | |||||||||
Total Liabilities | 581,747 | - | 581,747 | |||||||||
Commitments | ||||||||||||
Common stock subject to possible redemption, 8,064,312 and 8,186,956 shares at redemption value, respectively | 80,643,120 | 1,226,440 | 81,869,560 | |||||||||
Stockholders’ Equity | ||||||||||||
Common stock, $0.0001 par value; 50,000,000 shares authorized; 2,879,438 and 2,591,349 shares issued and outstanding (excluding 8,064,312 and 8,186,956 shares subject to possible redemption), respectively | 288 | (29 | ) | 259 | ||||||||
Additional paid-in capital | 5,019,115 | 29 | 5,019,144 | |||||||||
Accumulated deficit | (19,393 | ) | - | (19,393 | ) | |||||||
Total Stockholders’ Equity | 5,000,010 | - | 5,000,010 | |||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 86,224,877 | $ | 1,226,440 | $ | 87,451,317 |
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